14/3 Alexander Lane, Marden SA 5070
14/3 Alexander Lane, Marden SA 5070
Modern 2015 build | compact 82m² footprint | 2 bed 1 bath apartment | city-edge Marden pocket | low-maintenance living
This apartment holds a genuine edge for its era and configuration. Built in 2015, it sits within a cluster of contemporary infill stock along Alexander Lane, where the broader offering leans toward open-plan layouts, timber-look flooring, integrated kitchens, and split-system climate control—finishes that align with what a buyer would reasonably expect from this build year. The 82m² land holding is compact, but that is not a weakness here; it signals minimal upkeep and a lock-and-leave lifestyle that suits first-home buyers, downsizers, and investors alike. Its position in Marden, close to Torrens Linear Park and within easy reach of the city, reinforces a convenience-driven appeal that tends to hold demand steadily across market cycles. For a buyer seeking a modern, efficient unit without the maintenance weight of a house, this property fits squarely into that need.
Value may be shaped by a few practical considerations. The floor level is not confirmed, which could influence light, privacy, and outlook—all factors that affect perceived worth in apartment living. Internal finishes are not verified, so the actual condition of flooring, kitchen, and storage will matter when forming a price view. The single open car space is adequate but not generous, and the absence of confirmed communal amenities like a lift or secure intercom may temper appeal for some. Rental demand appears solid, with nearby units achieving consistent tenancy, but the final figure will depend on how the property presents in person. These are points to weigh, not flaws to fear.
|| Comparable Sales: 5c Alexander Lane (2 bed, 106m², under offer 2024); 11/1 Alexander Lane (2 bed, second level, modern finishes) | Property Price Band: $450,000–$550,000 | Value Drivers: build quality, internal presentation, floor level, proximity to park and city transport
Detailed Independent Property Report prepared by PropCred Analyst team for 14/3 Alexander Lane, Marden SA 5070
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Marden, 5km from Adelaide CBD, is an inner-suburban market led by houses at a median of $1.411m, up 26.55% annually, though alternate data places values between $1.29m and $1.355m. Units median $619k, with growth reaching 10.09%. Demand is driven by young families, singles, and established couples attracted to city access, the O-Bahn Klemzig Interchange, Linear Park, and Norwood Parade. Stock is tight: houses average 37 days on market, vacancy sits at 0.76%, and only three house listings appeared last month, down 50% year-on-year. Gross house yields are 4.06%, with weekly rents at $665. Future growth relies on continued inner-city demand and constrained supply; risks include limited rental stock, rate sensitivity, and affordability pressures after steep price gains.
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PropCred Estimated Value
Comparable Sales: 5c Alexander Lane (2 bed, 106m², under offer 2024); 11/1 Alexander Lane (2 bed, second level, modern finishes) | Property Price Band: $450,000–$550,000 | Value Drivers: build quality, internal presentation, floor level, proximity to park and city transport
Bedrooms
2
Bathroom
1
Parking
1
Land
82m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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