10/46B York Terrace, Salisbury SA 5108
10/46B York Terrace, Salisbury SA 5108
3 bed 2 bath townhouse | small 183m² lot | 1940 build, modernised feel | $520–$560 rent band | first-home and investor demand
This townhouse sits in a practical, well-located pocket of Salisbury where convenience drives most of the appeal. The 3-bed, 2-bath layout with single-car accommodation is a solid entry point for first-home buyers or investors wanting low-maintenance living without sacrificing space. Its position within a small strata group means less upkeep and more predictability, which suits downsizers too. The 1940 build date is older than much of the surrounding infill stock, but the courtyard-style format and recent comparable sales around the $540k mark suggest the market accepts this product type readily. Proximity to Parabanks Shopping Centre, Salisbury Interchange, and the train station makes it a genuinely commuter-friendly option, and the rental evidence points to steady demand in the mid-$500s per week, which supports a reasonable yield for an investor buyer.
Value may be shaped by how well the interior has been updated, since finishes are not confirmed and nearby stock shows a wide band between tired and refreshed. The small land component and strata context might limit upside compared to standalone houses, but they also reduce entry price and maintenance burden. Parking is limited to one space, which could matter for households with two cars. The 1940 age may bring some maintenance considerations, though no overlays or hazard issues were flagged. Buyers should weigh the trade-off between older fabric and the convenience of a low-maintenance, well-located townhouse when forming their price view.
|| Comparable Sales: 8/46B York Terrace sold $540k; 3/46B York Terrace sold $540k | Property Price Band: $500k–$600k | Value Drivers: interior condition, single-car layout, location convenience to retail and transport
Detailed Independent Property Report prepared by PropCred Analyst team for 10/46B York Terrace, Salisbury SA 5108
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Salisbury is a suburban market where owner-occupiers drive demand. House prices have grown 14.29% annually to a $720,000 median, with another source at $774,649; units outperformed, rising 35.42% to $487,500–$510,000. Solid turnover supports the market: 97 houses and 67 units sold in 12 months. Inventory is tight—19 properties for sale, 12 for rent—and houses sell in a median 37 days. Weekly rents are $550 for houses and $430 for units, yielding 4.42% and 5.44% respectively. Accessibility improves via Salisbury Highway infrastructure. The main constraint is rate sensitivity, as mortgage repayments are moderate and could strain budgets if borrowing costs rise.
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PropCred Estimated Value
Comparable Sales: 8/46B York Terrace sold $540k; 3/46B York Terrace sold $540k | Property Price Band: $500k–$600k | Value Drivers: interior condition, single-car layout, location convenience to retail and transport
Bedrooms
3
Bathroom
2
Parking
1
Land
183m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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