2/241 Kelly Road, Modbury Heights SA 5092
2/241 Kelly Road, Modbury Heights SA 5092
Detached house on a large suburban block | 1970s–1990s build era | Family-oriented pocket | Mixed renovation levels | Established suburb with good connectivity
This property sits within a well-established pocket of Modbury Heights, where detached houses on generously sized lots are the dominant housing form. The area is characterised by mid-to-late 20th century construction, with homes that range from original condition to fully updated. For a buyer seeking a family home with room to grow, the larger land parcels found here offer a clear advantage over newer subdivisions where blocks are typically smaller. The location provides solid suburban connectivity, with access to fibre broadband and mobile coverage, and the suburb’s mix of schools and local amenities makes it particularly suited to families and owner-occupiers looking for a settled neighbourhood with good long-term appeal.
The value of this property will be most affected by its condition and the extent of any updates already completed. Homes in this area that have been renovated tend to command a noticeable premium, while those still in original condition may require a buyer to budget for meaningful improvement work. The specific school catchment for this address may differ from others on the same street, which could influence demand for certain buyer groups. The older build era may mean some systems or finishes are nearing the end of their useful life, though this also presents an opportunity for a buyer to add value through targeted upgrades.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/241 Kelly Road, Modbury Heights SA 5092
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
!
1
Execution Risk
✕
2
Modbury Heights SA 5092
Modbury Heights is a family-focused suburb in Adelaide’s northeast corridor, with strong capital growth of 10.65% annually driving its median house price to $852,000. Demand is anchored by owner-occupiers upgrading for its transport links and by investors targeting a robust 4.12% gross rental yield, supported by a tight rental market with a 0.34% vacancy rate. However, this rapid price growth introduces rate sensitivity, while limited supply, evidenced by just 39 median days on market, pressures affordability.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
286m²
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst