332 The Terrace, Risdon Park SA 5540
332 The Terrace, Risdon Park SA 5540
332 The Terrace, Risdon Park. A 2-bedroom, 1-bathroom house built in 1910 on an 875 sqm lot with 1 parking space. It has a split system air conditioner, an eat-in kitchen with gas cooking, and an ornamental fireplace. The property is single storey and positioned within walking distance to retail and a bus stop.
This property’s competitive strength lies in its land size for a two-bedroom house, offering a rare combination of a manageable footprint with a generous yard in an established area. Its location near Kmart and local shops, plus a bus stop, makes it highly practical for tenants or first-home buyers seeking convenience without a high entry cost. The house serves best as a starter home or a low-maintenance rental investment, given the active rental demand for this configuration. The older character features, like the fireplace, add a layer of appeal that newer builds lack, positioning it well within the suburb’s mix of period homes.
The 1910 construction age may introduce maintenance considerations, such as potential for outdated wiring or plumbing, which could affect renovation budgets. The single bathroom and one parking space are constraints that might limit appeal for families or those with multiple vehicles, possibly narrowing the buyer pool. The lot size variance between sources suggests a boundary adjustment, so a formal survey is advisable. The rental yield at $380 per week appears solid for the area, but the property’s value is likely tied more to land than the house itself, meaning any price should reflect the cost of potential upgrades.
Detailed Independent Property Report prepared by PropCred Analyst team for 332 The Terrace, Risdon Park SA 5540
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Risdon Park presents as an affordable, family-oriented suburb experiencing a period of significant price appreciation, driven by strong investor and owner-occupier activity. Demand is anchored by local families and mature households, supported by a notably tight rental market. Recent conditions show robust sales volumes and rapid capital growth, indicating high current buyer interest. Future momentum hinges on sustained demand within this affordable segment, though the market faces constraints from household income levels and a sensitivity to interest rate changes given existing mortgage commitments.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
869m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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