12 Bellevue Avenue, Old Reynella SA 5161
12 Bellevue Avenue, Old Reynella SA 5161
Newer 2024 ex-display home | 6-bed two-storey layout | 377–418 m² internal on 420 m² land | Premium SMEG fitout and butler’s pantry | Niche family buyer appeal
This house stands out sharply in Old Reynella, where most stock is single-storey, three-bedroom homes on smaller blocks. The six-bedroom, three-bathroom configuration with a dedicated office, upstairs powder room, and generous living zones gives it a genuinely rare footprint for the suburb. The 2024 build quality, ex-display presentation, and premium inclusions like SMEG appliances, a butler’s pantry, and a freestanding bath make it feel closer to a custom home than typical volume-built stock. It is best suited to larger families or buyers who want substantial indoor space without a sprawling land footprint, and who value modern finishes and low-maintenance living over established garden settings.
The property’s value may be influenced by its position within a newer estate, which tends to hold appeal for buyers seeking contemporary neighbourhoods but might limit interest from those wanting mature streetscapes. The 420 m² land size is modest relative to the internal floor area, so outdoor space is more functional than expansive. Rental demand could be narrower given the premium price point and size, though the school catchment and estate setting may support consistent interest. Buyers should weigh the build date discrepancy between 2022 and 2024, as it may affect perceptions of warranty coverage or depreciation schedules.
|| Comparable Sales: 9 Bellevue Ave sold at $1.08M; 25 Rousillion Promenade with 3.9% yield | Property Price Band: $1.2M–$1.3M | Value Drivers: Ex-display condition, six-bedroom layout, premium kitchen fitout
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Bellevue Avenue, Old Reynella SA 5161
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Old Reynella, on Adelaide’s southern road corridor, is a tight house market. Median house prices sit at $802,000, with 11.4% annual growth, 61 sales in the past year, and homes averaging 23 days on market. Buyers are predominantly owner-occupiers: 47% of the area are purchasers, 54% of owners carry a mortgage, and 41% of households are couples with children. House rents of $640 weekly and a 4.26% gross yield reinforce investor demand. Quick turnover and moderate sales volume indicate constrained supply. Road connectivity via Main South Road supports accessibility. However, affordability is stretched relative to household income, and the high share of mortgaged owners raises rate sensitivity, a key risk to growth momentum.
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PropCred Estimated Value
Comparable Sales: 9 Bellevue Ave sold at $1.08M; 25 Rousillion Promenade with 3.9% yield | Property Price Band: $1.2M–$1.3M | Value Drivers: Ex-display condition, six-bedroom layout, premium kitchen fitout
Bedrooms
6
Bathroom
3
Parking
2
Land
420m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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