115 Broadbent Terrace, Whyalla SA 5600

115 Broadbent Terrace, Whyalla SA 5600
Renovated 3BR Whyalla coastal home | side access for boat or van | strong rental yield potential | no overlay issues The property at 115 Broadbent Terrace presents a well-considered buying opportunity for those seeking a low-maintenance coastal home with genuine flexibility. Its key competitive advantage is the combination of a renovated interior, a 572mยฒ block, and side access that accommodates a caravan or boatโ€”a rare configuration in this price bracket. The beach proximity, established landscaping, and upgraded bathroom and kitchen reduce immediate capital outlay for an owner-occupier, while the absence of flood or bushfire overlays removes latent holding risk. For an investor, the estimated 4.5 to 5.5% gross yield and recent rental listing activity confirm tenant demand, making this a dual-purpose proposition that suits either a family or a buy-and-hold strategy. The primary risk here is valuation variance; estimates span $345,000 to $500,000, which means a buyer must anchor their offer to the mid-$400,000s using comparable sales rather than asking price. The 1960 build, though cosmetically refreshed, may still require structural checks on wiring or plumbing within five to ten years. On the opportunity side, the 2019 purchase at $170,000 suggests strong capital growth, and the zoning supports residential use without constraint. This property should be held medium-termโ€”either as a primary residence with low upkeep or as a rental delivering consistent cash flow while coastal demand in Whyalla firms up.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 115 Broadbent Terrace, Whyalla SA 5600
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Market Insight:

Whyalla presents as a mature, established market with a stable owner-occupier base and a demographic skew towards professionals in their 50s. Demand is driven by this demographic, primarily childless couples and single households, who are typically mortgage holders. Recent price trends show robust annual house price growth of 5-7%, supported by strong capital appreciation over five years and a relatively brisk sales market. Future growth is underpinned by this sustained capital growth trajectory, though a slight historical population decline and limited current listings for sale and rent present a key supply-side constraint.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

3

Land

572mยฒ

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