9 Keith Street, Port Pirie West SA 5540
9 Keith Street, Port Pirie West SA 5540
3 bed sandstone cottage | 581m² block | 1925 character | no overlays | solid regional infill
This is a genuinely uncommon find in Port Pirie West , a solid sandstone cottage from 1925 on a proper 581m² block with no bushfire, flood, or heritage overlays. That combination of age, material quality, and unencumbered land is rare in a regional market where most character stock sits on smaller lots or carries restrictions. The house is configured for a family or investor: three bedrooms, one bathroom, two car spaces with a carport and garage. It serves best the buyer who values built form and street presence over modern finishes, or an investor targeting the steady rental demand that comes with a working regional centre. The 5.6% gross yield signal from the rent estimate is realistic for the area, not exceptional but solid.
What may affect value most is the age. A 1925 build means original fabric , plumbing, wiring, insulation, roof structure , that may need attention even if the sandstone frontage looks fine. No renovation history is available from the data, so the condition premium is unknown. The 51% building coverage and 7m roof height suggest a substantial footprint, which may limit rear yard space or future extension options. The 8m ground elevation is low but no flood overlay is recorded, so that risk appears managed. A buyer should weigh the cost of bringing an older house to modern standards against the price asked, and consider whether the character justifies that work.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Keith Street, Port Pirie West SA 5540
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Port Pirie West presents as a tightly held, working-class suburb with a strong owner-occupier base, primarily attracting childless couples. Demand is currently driven by investors seeking high rental yields and capitalising on exceptionally strong recent capital growth, supported by a rental market with extremely low vacancy. This has created a healthy, active market with competitive conditions. Future growth is underpinned by this sustained investor interest and high rental demand, though affordability constraints and sensitivity to interest rate movements present key risks for both buyers and existing mortgagors.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
581m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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