22 Grace Court, Morphett Vale SA 5162
22 Grace Court, Morphett Vale SA 5162
3 bed, 1 bath, 2 car | Likely detached house, ground level | Quiet court location, low traffic | Established suburb, family-oriented demand | Older stock, potential for updates
The property presents as a classic Morphett Vale detached house, likely from the late 1970s to early 1990s era, sitting on a moderate suburban block typical of the area. Its configuration of three bedrooms, one bathroom, and two car spaces is straightforward and functional, appealing directly to first-home buyers and small families seeking an entry point into an established southern suburb. The court setting suggests a quiet, low-traffic environment, which is a genuine advantage for those prioritising safety and peace. This house serves best as a practical, liveable family home where the buyer values location and block size over modern finishes, with the potential to add value through cosmetic updates over time.
The value of this property may be shaped by its age and condition, as older homes in the area often require updating to meet contemporary expectations. The single bathroom could be a limiting factor for some families, and the lack of confirmed land size means the block could vary, which will materially affect its appeal. Buyers should weigh the cost of potential renovations—such as kitchen, bathroom, or flooring upgrades—against the purchase price, and consider how the property compares to others in the court that may have been improved. The quiet street and established neighbourhood are likely to support steady demand, but the final price will hinge on how well the house presents relative to its age.
|| Comparable Sales: 22 Windsong Court sold for $751,000; 13 Grace Court sold for $740,000 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, condition, and the quiet court location are the primary factors influencing value.
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Grace Court, Morphett Vale SA 5162
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Median house prices in this suburb run from $698,250 to $790,500, with annual growth of 11.8% to 15.2%. Unit medians are $553,000 to $608,500, growing 12.7% to 19.8%. Selling times of 22 to 47 days and an annual house sales volume of 116 to 457 indicate a thin but active market. Gross rental yields of 3.8% to 4.3% for houses and 3.5% to 4.3% for units, against weekly rents of $580–$590 and $475–$513, show price growth outpacing rental income, pointing to demand focused on capital appreciation. This price-led demand, combined with tight days-on-market, suggests strong buyer competition. High entry prices and modest yields are the key constraints, while the limited transaction volumes could intensify price swings if demand stays strong.
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PropCred Estimated Value
Comparable Sales: 22 Windsong Court sold for $751,000; 13 Grace Court sold for $740,000 | Property Price Band: $700,000–$800,000 | Value Drivers: land size, condition, and the quiet court location are the primary factors influencing value.
Bedrooms
3
Bathroom
1
Parking
2
Land
672m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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