20A Russell Terrace, Woodville SA 5011
20A Russell Terrace, Woodville SA 5011
1956 character house | 655m² land | detached studio | large family layout | strong street presence
This property stands apart from the typical unit stock that dominates parts of Russell Terrace, offering a genuinely rare combination of mid-century character, generous land, and flexible ancillary space. The 230m² floor plan across three bedrooms with multiple living areas suits families who want room to spread out, while the detached studio adds real utility for home offices, guest accommodation, or hobby use. The secure garaging plus carport and shed means parking and storage are sorted, which is often the weak point in older homes. Its position within Woodville’s established residential streets, close to schools, recreation, and transport, makes it a strong option for buyers upgrading from smaller dwellings or those seeking a character home without compromising on space.
The property’s value may be shaped by how buyers weigh its older bones against the refreshed bathroom and maintained presentation. The 1956 build means some systems and finishes may need attention over time, though the bright, neutral interior suggests it is move-in ready for now. The land size and studio are the standout features that could justify a premium, but the single bathroom may limit appeal for larger families or those wanting more modern convenience. Buyers should consider what future improvements might cost and how the property compares to newer or fully renovated alternatives in the area, as this will influence how much they are willing to pay for its character and space.
|| Comparable Sales: 47 Russell Terrace sold $776k in 2020, later valued around $1.6M | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, detached studio, character presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 20A Russell Terrace, Woodville SA 5011
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Woodville, in Adelaide’s inner-west 10 minutes from the CBD, is positioned as a tightly held, family-oriented market. Families are the primary demand driver, with 64% growth insights identifying the suburb as ideal for family living, supported by road links along Port Road and Woodville Road. House prices have risen sharply, with annual growth around 48% and a median near $1.3 million, though one measure shows 62.8% compound growth. Units offer a lower entry point at $580,000 with 3.95% growth. Market conditions favour sellers: the median 42 days on market and 16 to 18 annual house sales indicate thin supply. Rental yields are modest for houses at 3.32% but stronger for units at 5.02%. Future growth hinges on continued family demand and transport access, while affordability constraints and rate sensitivity, given the high share of mortgaged owners, are key risks.
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PropCred Estimated Value
Comparable Sales: 47 Russell Terrace sold $776k in 2020, later valued around $1.6M | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, detached studio, character presentation
Bedrooms
3
Bathroom
1
Parking
-
Land
655m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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