56 Bains Road, Morphett Vale SA 5162

56 Bains Road, Morphett Vale SA 5162
3-bed house on 361m² | 3-car capacity is rare | upper-end pricing for the suburb | family-oriented pocket | strong commute access This property offers a configuration that stands out in its immediate market, with three dedicated car spaces being genuinely uncommon for a house of this size in the area. The 361m² parcel is modest but workable, and the asking range positions it above the typical suburban entry point, which suggests either a recent renovation, superior presentation, or a location advantage that justifies the premium. It suits a family or owner-occupier wanting a low-maintenance footprint with practical parking, rather than an investor chasing high rental turnover. The surrounding streets are established, with schools and shopping within easy reach, making it a sensible choice for those prioritising daily convenience over expansive outdoor space. The price band may be influenced by how the internal layout flows and whether the finishes have been updated recently, as the local stock mixes older detached homes with newer infill builds. A bushfire overlay exists in parts of this broader pocket, which might affect insurance costs and should be checked against the exact lot position. The lack of a confirmed building age means the condition of the roof, wiring, and plumbing becomes more critical in forming a view on whether the asking range is reasonable. Buyers should weigh the value of the extra parking against the modest land size, and consider how the property compares to newer villas nearby that offer similar floor space on smaller lots. || Comparable Sales: 8/69 Bains Road sold around $670k–$710k; 3 Bella Court indicative of local family stock | Property Price Band: $690k–$740k | Value Drivers: three-car parking, land size, updated condition
Detailed Independent Property Report prepared  by PropCred Analyst team for 56 Bains Road, Morphett Vale SA 5162
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk
Income Risk 2
Execution Risk 2
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Market Insight

Median house prices in this suburb run from $698,250 to $790,500, with annual growth of 11.8% to 15.2%. Unit medians are $553,000 to $608,500, growing 12.7% to 19.8%. Selling times of 22 to 47 days and an annual house sales volume of 116 to 457 indicate a thin but active market. Gross rental yields of 3.8% to 4.3% for houses and 3.5% to 4.3% for units, against weekly rents of $580–$590 and $475–$513, show price growth outpacing rental income, pointing to demand focused on capital appreciation. This price-led demand, combined with tight days-on-market, suggests strong buyer competition. High entry prices and modest yields are the key constraints, while the limited transaction volumes could intensify price swings if demand stays strong.
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PropCred Estimated Value

Comparable Sales: 8/69 Bains Road sold around $670k–$710k; 3 Bella Court indicative of local family stock | Property Price Band: $690k–$740k | Value Drivers: three-car parking, land size, updated condition

Bedrooms

3

Bathroom

1

Parking

3

Land

374m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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