16 Esperance Drive, Andrews Farm SA 5114
16 Esperance Drive, Andrews Farm SA 5114
3 bed 2 bath compact detached house | 2019 build with modern neutral finish | leased at $510/week until late 2026 | low-maintenance 275m² allotment | strong investor and first-home buyer appeal
This is a well-configured modern house that suits the current Andrews Farm market neatly. The 2019 build means it avoids the maintenance concerns of older stock, and the 128m² internal layout with three built-in robes and two bathrooms offers genuine practicality for a small family or a tenant household. The fixed lease until October 2026 provides immediate rental certainty, which is a meaningful advantage for an investor buyer. Its compact 275m² allotment keeps outdoor upkeep minimal, and the neutral finishes throughout mean it will not date quickly. This property serves best a buyer seeking a straightforward, low-fuss investment with existing income, or a first home owner wanting a modern house without the premium of a larger block.
The current rent of $510 per week is a solid starting point, though it may sit slightly below what a refreshed lease could achieve given the property’s condition and configuration. The single garage and limited land size might constrain appeal for families needing more space or storage, and the absence of any stated aspect or energy efficiency details could matter to buyers prioritising comfort or running costs. The 2019 build age is a positive, but the compact lot means future extension potential is limited. Buyers should weigh the security of the existing tenancy against the possibility that a vacancy could allow for a rent reset, and consider whether the low-maintenance character justifies the price relative to older, larger houses nearby.
|| Comparable Sales: 46 St Germain Ave, 3 bed 2 bath, sold in similar range | 9 Esperance Dr, active comparable listing | Property Price Band: $600,000–$700,000 | Value Drivers: modern build condition, existing lease income, compact low-maintenance land size
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Esperance Drive, Andrews Farm SA 5114
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Andrews Farm, a northern Adelaide suburb, is family-dominated: population grew 8.16% from 2016-2021 and the largest cohort is under nine. Buyers are primarily young working families—81% of owners hold mortgages, average household size is 2.9. Demand is supported by active turnover, with 201 house sales to December 2025. Prices have risen sharply: median house $660,000–$688,000 with annual growth of 14.5–15.7%; units $492,500, up 19.4% over the year. Houses sell in a median 34 days. Rental yields are moderate at 4.5–4.7%, with median weekly rents of $570 (houses) and $480 (units). Future growth drivers include population momentum and consistent sales volumes. Constraints: high mortgage dependence creates rate sensitivity, and affordability is stretched against local incomes. Supply is steady, with 20–27 monthly listings.
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PropCred Estimated Value
Comparable Sales: 46 St Germain Ave, 3 bed 2 bath, sold in similar range | 9 Esperance Dr, active comparable listing | Property Price Band: $600,000–$700,000 | Value Drivers: modern build condition, existing lease income, compact low-maintenance land size
Bedrooms
3
Bathroom
2
Parking
2
Land
275m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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