3 Chisholm Avenue, Burnside SA 5066
3 Chisholm Avenue, Burnside SA 5066
4 bedrooms, 3 bathrooms, 2 car spaces. 765m² land, 287m² floor area. Built 1925. Open plan living, large deck, spacious yards. Described as posh and elegant. Last sold 2018 for $972,000.
What is competitively strong or rare about this property is the combination of its generous land size and substantial internal floor area, which is notably above typical proportions found in the suburb. The 1925 build era offers heritage character that is increasingly sought after, and the open plan living with a large outdoor deck provides a modern lifestyle flow that older homes often lack. This property sits comfortably within the premium segment of Burnside, serving best a family or professional couple who values space, period charm, and the potential for future subdivision or garden development. Its quiet street position and proximity to quality schooling further strengthen its appeal to discerning buyers.
What might materially affect the value or sale price of this property includes its age, which may require significant maintenance or updating of electrical, plumbing, or roofing systems. The absence of a specified floor level could imply a single-level layout, which may limit flexibility for some buyers. While the land size offers subdivision potential, local zoning restrictions might constrain this opportunity, affecting how a buyer values the property. The rental yield, estimated between 2.5 and 3.0 percent, is modest and may not attract investors seeking strong cash flow. These factors should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Chisholm Avenue, Burnside SA 5066
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Burnside is an established, high-value suburb where premium family homes command significant prices, reflecting its desirability. Demand is driven by established owner-occupiers, with a notable portion of residents holding mortgages, indicating a mature and settled demographic. The market demonstrates strong capital appreciation, with houses appreciating notably over the past year, though larger properties move more slowly. Future growth is underpinned by consistent demand for quality housing in a well-regarded locale, with the primary constraint being affordability at the upper end of the market.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
765m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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