32 Kingston Avenue, Seacombe Gardens SA 5047
32 Kingston Avenue, Seacombe Gardens SA 5047
1955 house on 729sqm | tenanted until 2027 | large sheds and backyard | Housing Diversity zone | strong rental demand
This is a genuinely rare offering for Seacombe Gardens. A 729sqm Torrens-title block in an established pocket, with a solid 1955 brick home that still functions well as a three-bedroom family house. The land is the real story here. It sits in a Housing Diversity Neighbourhood Zone, which signals the council expects more than just single detached homes in this area. For a buyer who wants options, this property delivers them. You can hold it as a rental, renovate the existing home, or explore what the zoning might allow down the track. The two large sheds and big backyard add practical utility that modern infill simply cannot match. This property suits an investor who values immediate income, or an owner-occupier prepared to put their own stamp on a home while sitting on serious land.
The current tenancy at $520 per week until March 2027 gives you a known income stream from day one, which is a meaningful advantage in this market. The property is positioned within reach of Westfield Marion, Flinders University, the medical centre, and Brighton Beach, so demand fundamentals are solid. What may shape your price view is the age of the home. A 1955 build without confirmed upgrades means you might be budgeting for kitchen, bathroom, or flooring work sooner rather than later. The zoning could also attract developer interest, which may push competition beyond typical homebuyer levels. Weigh the certainty of rent against the potential for improvement costs, and consider what the land alone might be worth in this corridor.
|| Comparable Sales: 32c Kingston Avenue sold at $670,000 for a compact 152sqm home; Kingston Avenue sale recorded at $1,006,000 | Property Price Band: $800,000–$900,000 | Value Drivers: land size, zoning flexibility, existing rental income
Detailed Independent Property Report prepared by PropCred Analyst team for 32 Kingston Avenue, Seacombe Gardens SA 5047
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Seacombe Gardens, a South Australian suburb, has a 0.36% vacancy rate and just six rentals available, supporting a strong rental market. House prices are $837,500–$860,000, growing 11.67–14.7% annually; units median $530,000. Houses sell in about 30 days, with 60–72 annual sales. Demand is driven by high rental reliance and scarce supply, shown by 22 houses listed last month and a 144.44% variance from last year. Rental yields are 4.00% for houses and 4.74% for units; weekly rents are $650 and $625 respectively. Future growth depends on sustained infrastructure and activity, but risks include supply fluctuations ($770,500–$881,000 median price range across sources) and rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 32c Kingston Avenue sold at $670,000 for a compact 152sqm home; Kingston Avenue sale recorded at $1,006,000 | Property Price Band: $800,000–$900,000 | Value Drivers: land size, zoning flexibility, existing rental income
Bedrooms
3
Bathroom
1
Parking
3
Land
729m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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