24 Gray Street, West Beach SA 5024
24 Gray Street, West Beach SA 5024
A four-bedroom, two-bathroom brick house on a 767-square-metre allotment with three-car parking and a 19.89-metre frontage. Built in 1965, it sits as a single-storey dwelling in West Beach, within the Charles Sturt council area.
The land size and parking capacity are the strongest competitive advantages here. Most four-bedroom houses in this part of West Beach sit on smaller blocks, so the extra width and depth offer genuine separation from neighbours and more outdoor space than typical. The three-car configuration is uncommon for a 1960s build and signals that this property can accommodate a family with multiple vehicles or a boat and trailer without compromise. This house suits a buyer who values land and parking over a fully renovated interior, particularly those looking for a solid brick shell they can update over time. Its position in the suburb places it among older stock that is increasingly rare as infill development accelerates, which gives it scarcity value for someone wanting a traditional house on a proper block rather than a townhouse.
The age of the build is the primary factor that may affect value. At 61 years old, the original kitchen, bathrooms, and likely the electrical and plumbing systems may need attention, and a buyer should budget for those updates unless they have already been completed. The solid brick construction is durable but offers less thermal efficiency than modern builds, so heating and cooling costs may be higher. The lot size and frontage may also make the property suitable for future subdivision or dual occupancy under current zoning, which could add value beyond its use as a single house, but this depends on council policy and should be verified before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Gray Street, West Beach SA 5024
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
West Beach presents as an established, family-oriented coastal suburb with a stable, high-value housing market. Demand is driven by affluent professionals seeking a premium lifestyle, supported by strong recent rental growth and a critically low vacancy rate. While house prices have shown resilience with solid long-term growth, recent quarterly softening and high existing mortgage exposure indicate sensitivity to economic conditions. Future performance will hinge on sustained demand from this demographic against affordability constraints in a higher interest rate environment.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
3
Land
767m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!