5/508 Wright Road, Modbury SA 5092
5/508 Wright Road, Modbury SA 5092
3-bed homette | drive-through carport | low-maintenance yard | strong amenity access | solid entry-level suburban buy
This is a competitively strong entry-level property for Modbury, offering a house-like footprint in a group setting. The three-bedroom, single-bathroom configuration with a secure carport, drive-through rear access, and a private low-maintenance yard gives it a practical edge over standard units. The pitched pergola and artificial lawn reduce upkeep, which appeals directly to first-home buyers, downsizers, and investors seeking reliable rental demand. Its proximity to Westfield Tea Tree Plaza, Modbury Hospital, and the O-Bahn strengthens its everyday convenience, making it a sensible choice for commuters or small families wanting space without the burden of a full detached house. The 1990s build is consistent with surrounding suburban infill stock, so it sits comfortably within the local character rather than standing out as dated or out of place.
Value may be shaped by the property’s group-title context, where shared maintenance obligations and complex rules can influence buyer perception. The two-way bathroom and separate WC add practical function, but the single bathroom might limit appeal for larger households. The lack of a confirmed floor plan or exact internal size means buyers should verify layout efficiency before forming a price view. Ducted reverse-cycle air conditioning and ceiling fans support year-round comfort, which is a genuine plus in this climate. The drive-through access is a rare feature in this property type and could be a deciding factor for buyers with trailers, boats, or extra vehicles.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/508 Wright Road, Modbury SA 5092
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Modbury SA 5092 is a well-connected, family-oriented suburb in Greater Adelaide, supported by local school catchments and strong transport links. Demand is driven by younger professionals (20–29) and family households, with high incomes underpinning purchases. Median house prices have climbed to $780,000–$825,000, reflecting annual growth of 6.1%–12.8%, while units range $552,500–$695,000 with growth stretching to 80.3%. Houses sell in 54–75 days, and gross rental yields sit above Adelaide averages; rents are rising sharply as house rents gained 7.8% and unit rents 17.1% annually. Supply is moderate, with just 11 properties listed and 37–129 houses sold per year, but affordability constraints loom, especially with 49% of owners holding mortgages, leaving the market sensitive to rate shifts.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 7/508 Wright Road sold around $706,000; 9/508 Wright Road contracted near $720,000 | Property Price Band: $700,000–$800,000 | Value Drivers: drive-through access, low-maintenance yard, group-title position with strong amenity proximity
Bedrooms
3
Bathroom
1
Parking
2
Land
385m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!