29 Westralia Street, Greenacres SA 5086
29 Westralia Street, Greenacres SA 5086
4 bed 2 bath 2 car | modern family house | tight rental demand | close to city fringe | practical middle-ring suburb
This property sits in the newer end of Greenacres housing stock, where detached family homes on compact allotments are the norm rather than the exception. The 4/2/2 configuration is a strong match for buyers who want a contemporary layout without the maintenance burden of a large block, and it serves families or owner-occupiers looking for a practical base close to the city. The suburb itself has a solid mix of older homes and newer infill, so this house likely stands out for its efficient use of space and modern amenity package, including features like solar panels and ducted heating and cooling that are common in this tier of stock. It is not a premium or prestige location, but it offers dependable, everyday convenience with shopping, schools, and transport nearby, which makes it a sensible choice for buyers prioritising function over flair.
The value picture may hinge on how the property compares to similar recent sales in the immediate area, particularly on land size and build quality. A house of this type on a smaller allotment might trade at a slight discount to one on a larger block, but the modern layout and low-maintenance appeal could offset that. Presentation and fitout condition may also influence the final price, as buyers in this segment tend to respond well to move-in-ready homes. Rental demand is strong given the low vacancy rate, so there is a reasonable chance the property would attract tenants if that route is considered, though the yield is likely to be modest rather than exceptional.
|| Comparable Sales: 18A Wingate Street sold for $861,500 in 2023; 1 Westralia Street sold in 2015 as a land reference | Property Price Band: $800K–$900K | Value Drivers: modern layout, land size, presentation and condition
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Westralia Street, Greenacres SA 5086
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
✕
2
Market Insight
Greenacres presents a stable, family-oriented market where houses demonstrate consistent capital growth and strong rental demand, evidenced by low vacancy. Demand is primarily driven by owner-occupiers, with a significant portion of the population renting, indicating solid investor interest. House prices are rising steadily, supported by a brisk sales pace, while the unit segment shows divergent, weaker performance. Future growth will hinge on sustained demand for houses, though the market faces a constraint from the underperformance of its unit sector.
PropCred Estimated Value
Comparable Sales: 18A Wingate Street sold for $861,500 in 2023; 1 Westralia Street sold in 2015 as a land reference | Property Price Band: $800K–$900K | Value Drivers: modern layout, land size, presentation and condition
Bedrooms
4
Bathroom
2
Parking
2
Land
380m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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