304/2 The Pinery, West Lakes SA 5021
304/2 The Pinery, West Lakes SA 5021
This is a 2 bedroom, 2 bathroom unit with 2 car spaces on level 3 of a 2017 low rise complex. It features a walk in robe to the master, ensuite, wrap around balcony with golf course and hills views, and an open plan living area. The property sits on a shared 1,833sqm lot with no heritage or flood overlays.
The property is competitively strong for its age and configuration within West Lakes. Most units in the suburb date from the 1970s to 1990s, so this 2017 build offers modern finishes and an open plan layout that appeals to professionals and small families. The 2 car spaces are rare for a 2 bedroom unit, and the wrap around balcony with golf course and hills views gives it a premium feel that few comparable properties in the area can match. It serves best a buyer who values natural light, modern design, and a quiet residential setting with easy access to shopping and the golf course rather than on site amenities like a pool or gym.
The rental yield of around 3.3 percent is lower than what older stock might deliver, which could affect investment appeal. The property sits in a public school catchment without top tier private options, potentially narrowing its buyer pool for families who prioritise schooling. No major developments are noted nearby that would change the neighbourhood character, but the reliable fibre connection and 5G coverage add long term convenience that may support value. Buyers should weight these factors against the property’s clear locational and design advantages when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 304/2 The Pinery, West Lakes SA 5021
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
West Lakes is a premium waterfront suburb characterised by an established, mature demographic of outright owners. Demand is driven by professionals and empty-nesters seeking a detached, low-maintenance lifestyle, which sustains strong competition for limited stock. Recent price growth has been robust across both houses and units, reflecting this sustained lifestyle appeal. Future performance is underpinned by its unique location and amenity, though high entry prices and sensitivity to interest rates present constraints on affordability and market fluidity.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
1833m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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