11/118-120 North East Road, Walkerville SA 5081
11/118-120 North East Road, Walkerville SA 5081
This is a 2-bedroom, 1-bathroom, 2-toilet townhouse built in 1994 on a 199m² lot with a single garage. It is listed as a house on some platforms due to council classification. The property is situated in a quiet, low-density residential street within the Walkerville Primary and Adelaide High School catchments. It offers reliable NBN fibre and 5G mobile coverage with no bushfire, flood, or heritage overlays.
The property’s competitive strength lies in its larger lot size compared to similar townhouses in the complex, providing additional outdoor space that is rare for this configuration. Its location within sought-after school catchments and modern connectivity infrastructure makes it particularly appealing to young families and first-home buyers seeking low-maintenance living. The absence of shared amenities keeps body corporate fees lower, which is a practical advantage for owner-occupiers. This townhouse serves best as an entry-level home or a stable investment in a well-regarded suburb.
The building’s age, at 32 years, may present maintenance considerations that could influence the final sale price. While the property has no recorded renovations, the condition of original fixtures and systems will matter to a buyer forming a view on value. The lack of public transport proximity in available data might be a factor for those without a car. The property’s pricing is positioned within the entry-level townhouse market, and its yield potential may be of interest to investors, though this depends on achieving the higher end of the rental range.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/118-120 North East Road, Walkerville SA 5081
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
This suburb presents a clear divergence between its premium, tightly held housing market and a more accessible unit segment. Demand for houses is robust, evidenced by strong recent price appreciation and a market where properties transact with deliberate speed, reflecting competition among buyers seeking established homes. The unit market offers comparatively higher rental yields, attracting investor interest. Future growth hinges on sustained demand within the limited housing stock, though the premium pricing and potential market volatility present inherent constraints to entry and stability.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
199m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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