1 Bundarra Court, Craigmore SA 5114

1 Bundarra Court, Craigmore SA 5114
1980s detached house | 3-bed, 1-bath core | quiet court with reserve | flood overlay noted | solid rental demand This is a straightforward, established family house in a quiet Craigmore court, and its strength lies in predictability. The 1980s build, three-bedroom single-level layout, and medium block suit first-home buyers, young families, and investors who want a functional suburban property without premium styling. The court setting, with a reserve opposite at least part of the street, adds a level of privacy and calm that main-road homes lack, and the school catchment for Craigmore South Primary and Craigmore High is a practical draw for households with children. It serves the middle of the market well, not luxury or prestige, but dependable and liveable. Value may be shaped by the flood overlay present on nearby properties, which could affect insurance costs or future renovation approvals, and the older 1980s construction might require updates to heating, cooling, or kitchen and bathroom finishes. The 603–700 m² land range offers some flexibility for extensions or sheds, though any changes would need to respect the overlay constraints. Rental estimates around $535–$540 per week suggest consistent tenant interest, but the final price will hinge on how the house presents versus other similar stock in the street, not on any standout feature. || Comparable Sales: 13 Bundarra Court sold Jul 2025, 3-bed 1-bath; 34 Bundarra Court sold Oct 2018 for $249k | Property Price Band: $600k–$700k | Value Drivers: land size, condition and updates, court location with reserve adjacency
Detailed Independent Property Report prepared  by PropCred Analyst team for 1 Bundarra Court, Craigmore SA 5114
Checks found:
Value Risk ✕ 2
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Craigmore SA 5114 is an established, family-heavy market on Adelaide’s northern corridor, with 44% of households couples with children, 28% under 19, and the largest age cohort 50-59. Demand is driven by owner-occupiers: 52% of residents are purchasers and 66% of owners carry mortgages. The median house price is approximately $680,000, with annual growth compounding at 10.6-16.6%; houses transact in a median 36 days. Rentals yield 4.3% at a median $575 weekly, but advertised rental stock is thin at 6-13 listings. Future support comes from household income growth of 13.1% over 2016-21 and robust price momentum; constraints include high mortgage exposure, modest 0.44% population growth, and limited sale listings of 7-10.
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PropCred Estimated Value

Comparable Sales: 13 Bundarra Court sold Jul 2025, 3-bed 1-bath; 34 Bundarra Court sold Oct 2018 for $249k | Property Price Band: $600k–$700k | Value Drivers: land size, condition and updates, court location with reserve adjacency

Bedrooms

3

Bathroom

1

Parking

2

Land

711m²

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