24 Harrison Close, Whyalla Jenkins SA 5609
24 Harrison Close, Whyalla Jenkins SA 5609
quiet street, high ownership | 781m² block, 3-bed family home | strong 2yr growth +29% | low vacancy, stable demand
This property at 24 Harrison Close sits on a generous 781m² allotment in a street where 95% of residents are owners, not renters. That ownership profile signals low turnover and a settled neighbourhood, which typically supports price stability. The house itself—three bedrooms, two bathrooms, double parking—aligns directly with the suburb’s median 3-bed offering, and the land size is notably above the street average. For a buyer seeking a family home in a quiet cul-de-sac environment with proven capital growth (houses up nearly 29% over two years), this represents a rare opportunity to secure a larger block in a tightly held location. The property is best suited to owner-occupiers looking for long-term value, as the rental yield is modest at around 5% and the low vacancy rate of 1.65% suggests demand is real but not speculative.
The main risk is that the property has only been on market for about 8 days, so price discovery is still forming—buyers should not overcommit without an agent guide and comparable sales data. The street itself has only two recent sales across 15 properties, making direct price comparisons difficult. However, the suburb’s strong quarterly growth of 2.5% and low stock levels (20 houses on market) suggest sellers hold negotiating power. For a buyer who can move quickly and secure the property near or slightly below median list price, the combination of land size, street quality, and suburb fundamentals offers a solid entry point with limited downside.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Harrison Close, Whyalla Jenkins SA 5609
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Whyalla Jenkins is a family-oriented suburb with strong recent capital growth, driven by demand from young professionals and families. The market demonstrates robust momentum with houses transacting relatively quickly, supported by a tight rental market offering solid yields. Future growth is underpinned by sustained demand for larger lots, though the market’s smaller scale and limited available rental stock present a potential constraint on liquidity and supply.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
781m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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