15 O'Connor Street, Tumby Bay SA 5605
15 O’Connor Street, Tumby Bay SA 5605
Compact 3-bed coastal house | level 419m² block | low-maintenance modern build | suits downsizers and investors | off-market opportunity
This is a tightly presented, modern three-bedroom house on a level 419 square metre allotment, positioned in a quiet residential street within walking distance of Tumby Bay’s township core. The low-maintenance design is the standout feature here—it removes the traditional upkeep burden of coastal properties, which gives it genuine appeal for retirees, downsizers, or absentee owners who want a lock-and-leave holding. The compact footprint is deliberate, not deficient; it trades space for convenience and ease, and that trade-off aligns well with the buyer profile this house is clearly aimed at. For an investor, the configuration is practical and lettable, while an owner-occupier gets a solid, contemporary base without renovation demands.
The value picture here is shaped by a few things worth weighing. The land size is modest relative to much of the surrounding stock, which may cap long-term capital growth compared to larger blocks in the same township. The build quality and internal finish level are not fully verified, so a physical inspection is important to confirm whether the modern description holds up in practice. The off-market status may offer some negotiation flexibility, but it also means less public price discovery, so forming a view on fair value requires careful comparison with recently sold houses of similar age and configuration in the immediate area. Rental demand appears reasonable given the coastal-town context, but yield expectations should be grounded in realistic weekly returns rather than optimistic projections.
|| Comparable Sales: 16 O’Connor Street sold $552,000; 14 Mortlock Street sold $465,000 | Property Price Band: $430,000–$530,000 | Value Drivers: modern condition, level low-maintenance block, proximity to township amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 15 O’Connor Street, Tumby Bay SA 5605
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Tumby Bay SA 5605 presents a balanced market. Median house price is about $465,000, with annual growth ranging from 14.8% to 20.6% by source, and listing prices up 5.74% over the year. A 0.80% vacancy rate and roughly 5% gross rental yield signal firm rental demand. Houses transact in 64–78 days, with 33–37 sales in the last year. Yet Boomscore indicates little driving capital growth, forecasting flat to marginal gains; sellers are not panicking and buyers are making decent offers, implying stability rather than acceleration.
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PropCred Estimated Value
Comparable Sales: 16 O’Connor Street sold $552,000; 14 Mortlock Street sold $465,000 | Property Price Band: $430,000–$530,000 | Value Drivers: modern condition, level low-maintenance block, proximity to township amenities
Bedrooms
3
Bathroom
1
Parking
4
Land
419m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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