119 Cedar Avenue, Royal Park SA 5014
119 Cedar Avenue, Royal Park SA 5014
4 bed on compact 391m² | 1950 build with restored fireplace | 69% site coverage, 268m² footprint | Family-oriented western suburb | Seaton High catchment
This is a genuinely uncommon configuration for Royal Park. Most stock in this suburb sits at 2.8 bedrooms, so a four-bedroom detached house with multiple living zones immediately stands out for family buyers. The 268m² building footprint is substantial for a 391m² allotment, meaning the internal space is generous even if the yard is modest. The 1950 build date brings character, and the fully restored working fireplace is a real point of difference in a market where period details are often stripped out. Solar panels add a practical running-cost advantage. The property serves families best, particularly those wanting proximity to rail access and a solid, established home without needing to renovate immediately.
The 69% site coverage might limit future extension potential, which is worth weighing if you planned to add a second bathroom or reconfigure the floorplan. The single bathroom is the clearest functional constraint for a four-bedroom home, and it may temper appeal for some buyers despite the strong layout. The 2023 sale at $610,000 shows meaningful value movement since, but the current price band reflects the broader uplift across western Adelaide. The 1950 construction may involve older wiring or plumbing, so a building inspection is advisable. The lack of flood, bushfire, or heritage overlays reduces regulatory risk, which supports a cleaner transaction.
|| Comparable Sales: 30 Royal Terrace, 3 bed, 334m², sold 2023; 119 Cedar Avenue prior sale $610,000 in 2023 | Property Price Band: $780K–$890K | Value Drivers: four-bedroom rarity, restored fireplace, solar panels, 69% site coverage limiting extension scope
Detailed Independent Property Report prepared by PropCred Analyst team for 119 Cedar Avenue, Royal Park SA 5014
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Royal Park is an established western-Adelaide suburb where demand is concentrated among 30–39-year-old trades and mortgaged owner-occupiers, with singles forming the largest household type. House prices have risen 10–20% annually, with medians clustering near $845,000 and three-bedroom houses around $822,000. Sales turnover of 56–67 houses over the past year and days-on-market of 29–41 signal balanced-to-seller conditions. Rental stock is exceptionally thin — vacancy is 0.37–0.54% — and house yields sit at 3.5–3.8%. However, unit market data is sparse, with fewer than five unit sales this year, and incomes skew moderate, limiting borrowing capacity. Supply constraints and tight rental demand underpin future upside, while affordability and rate sensitivity are the key risks.
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PropCred Estimated Value
Comparable Sales: 30 Royal Terrace, 3 bed, 334m², sold 2023; 119 Cedar Avenue prior sale $610,000 in 2023 | Property Price Band: $780K–$890K | Value Drivers: four-bedroom rarity, restored fireplace, solar panels, 69% site coverage limiting extension scope
Bedrooms
4
Bathroom
1
Parking
1
Land
391m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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