49 Second Avenue, Klemzig SA 5087
49 Second Avenue, Klemzig SA 5087
This property is a 2-bedroom, 1-bathroom retirement unit with one car space, set within the Spring Grove Retirement Village on a 2.35-acre site. The land parcel dates to 1924, and the unit features a private courtyard and contemporary open-plan living.
What sets this property apart is its location within a boutique retirement village in Klemzig, a suburb known for its leafy, quiet character and strong transport links. The village offers freestanding units with private gardens, which is rare for retirement living and provides a sense of independence. This property serves best the independent retiree seeking low-maintenance living without sacrificing space or access to amenities. Its proximity to the O-Bahn interchange and medical services makes it particularly suited for those who value convenience and walkability. The unit’s position within a well-established village also suggests a stable, community-focused environment.
The value of this unit may be influenced by the leasehold ownership model typical of retirement villages, which can affect financing options and resale flexibility. Buyers should weigh the ongoing service fees and any departure fees that might apply when selling. The older 1924 construction of the site could mean higher maintenance costs for common areas, though individual units appear modern. The lack of standalone comparables in standard property databases might make price benchmarking less straightforward, so a clear understanding of the village’s terms is essential before forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 49 Second Avenue, Klemzig SA 5087
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Klemzig is a well-established suburb attracting both owner-occupiers and investors, supported by its transport links and family-friendly amenities. Demand is driven by strong capital growth and solid rental yields, with a tight rental market underpinning investor appeal. The market demonstrates robust price appreciation, though affordability pressures are emerging as a key constraint. Future growth will be supported by sustained demand, yet sensitivity to interest rates and limited stock availability present ongoing considerations for buyers.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2.35 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!