13 Gray Street, Murray Bridge SA 5253
13 Gray Street, Murray Bridge SA 5253
1940-built, extensively modernised | 807 m² land, 456 m² building | 3 bed, 2 bath, 5-car capacity | Central Murray Bridge, no overlays detected | High site coverage, family-oriented layout
The competitive strength here lies in the unusual combination of a large, practical landholding and a genuinely modernised interior. A 1940s house that has been brought fully up to date, with multiple living areas, a master suite with walk-in robe and ensuite, and the addition of solar panels and a water tank, offers move-in-ready comfort without the uniformity of newer estate builds. The five-car capacity, powered shed with concrete flooring, and outdoor entertaining zone give this property a rare utility edge for a family that values storage, vehicles, or workshop space. It sits comfortably above the typical Murray Bridge house in both size and presentation, and the central position near shops, schools, and medical facilities broadens its appeal to local upgraders and those seeking a practical, amenity-rich family home.
The property’s value may be shaped by its high building coverage relative to land size, which limits future extension potential and reduces private outdoor space compared to more conventional allotments. The satellite-derived building estimate of 456 m² suggests a substantial footprint, and while that adds internal volume, it also implies a more maintenance-intensive property than a smaller, newer house. The absence of flood, bushfire, or heritage constraints simplifies due diligence, but the age of the original structure means ongoing upkeep of roofing, wiring, or plumbing should be weighed despite the modernised finishes. Rental demand appears steady, with a plausible gross yield around 3.8% based on the property’s indicative value, which is moderate rather than exceptional for the area.
|| Comparable Sales: 21 Gray St sold at $470,000; 13 Caroline St listed near $650,000 | Property Price Band: $650,000–$750,000 | Value Drivers: Modernised condition, large land size, five-car parking and shedding capacity
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Gray Street, Murray Bridge SA 5253
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Murray Bridge SA 5253, a rural city named among Australia’s hot 100 suburbs, is drawing demand from a 30–39 age cohort, largely labourers, despite household incomes running about 15% below the regional SA average. Median house prices have climbed 17% to $545,000 on one measure, or 16.6% to $565,000 on another, while units gained 11.1% to $427,626. Houses sell in a median 32 days. Record weekly rents of $480–$490 point to tight conditions for smaller homes, yet an oversupply of larger new builds is prompting landlords to adjust expectations lower. Growth is predicted to continue, but affordability and rate sensitivity remain constraints.
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PropCred Estimated Value
Comparable Sales: 21 Gray St sold at $470,000; 13 Caroline St listed near $650,000 | Property Price Band: $650,000–$750,000 | Value Drivers: Modernised condition, large land size, five-car parking and shedding capacity
Bedrooms
3
Bathroom
2
Parking
5
Land
807m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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