2/146 Edward Street, Clarence Gardens SA 5039
2/146 Edward Street, Clarence Gardens SA 5039
3 bedrooms, 1 bathroom, 1 secure car space on 207m². Built 1991 and renovated. Two-level unit-townhouse in a gated group of four in Clarence Gardens.
A three-bedroom unit in a low-density gated setting is uncommon in Clarence Gardens, where most stock is two-bedroom. This gives the property a natural advantage for small families or investors targeting a less competitive rental niche. The secure gated entry and renovated finishes remove the tiredness typical of early-90s builds, making it feel more private and contemporary than most units in the area. Its position in a tightly held group of four suggests stability and low turnover, which often appeals to buyers wanting a quiet, low-maintenance home without the noise of a larger complex. The upstairs configuration with private accommodation adds a townhouse feel that sets it apart from flat-style units nearby.
The single bathroom and one car space may limit appeal for some families, especially when compared to larger lots in the same street that offer more parking. The 207m² land size is compact for a three-bedroom townhouse, so outdoor space and storage may feel constrained. While the renovation is noted, the 1991 build date means some systems or finishes may still reflect original quality unless fully updated. Buyers should verify the extent of the renovation and consider whether the parking and bathroom count align with their needs. The price growth since 2018 has been significant, so future upside may depend more on location demand than further property-specific gains.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/146 Edward Street, Clarence Gardens SA 5039
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Clarence Gardens is a tightly held, family-dominated suburb experiencing robust capital growth, with houses significantly outperforming units. Demand is driven by established families seeking larger homes, evidenced by strong sales volumes for three and four-bedroom properties. The market is characterised by rapid price appreciation and very low vacancy rates, indicating sustained pressure. Future growth is supported by its established residential appeal, though limited turnover and high owner-occupancy may constrain new supply.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
207m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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