298 Nora Creina Road, Robe SA 5276
298 Nora Creina Road, Robe SA 5276
Rural coastal holding | Stables restoration approval | Low-density acreage setting | Lifestyle and tourism potential | Coastal conservation zone
This property is positioned as a rare coastal-rural holding, where the approved stables restoration signals a site with existing agricultural character and adaptive reuse potential. It sits within a locality defined by rolling hills, sea views, and direct access to beaches and recreation, making it a strong fit for buyers seeking a lifestyle property with genuine farming or tourism possibilities. The configuration leans toward acreage living rather than conventional suburban housing, which suits those wanting space, privacy, and a working land base. Its appeal is strongest for owner-occupiers drawn to coastal-rural living, or investors exploring permitted accommodation uses within the existing farm building framework.
Value may be shaped by the extent of the stables restoration and how far the current dwelling configuration aligns with modern expectations. The coastal conservation zoning could limit future development, so buyers might weigh the balance between existing improvements and what the land itself permits. Proximity to Robe’s tourism economy offers potential for short-stay income, but this depends on planning outcomes. The property’s isolation from town services may also factor into price, as does the condition of any existing structures beyond the stables.
Detailed Independent Property Report prepared by PropCred Analyst team for 298 Nora Creina Road, Robe SA 5276
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Robe SA 5276 is a coastal market with a tight, older demographic: 50% of residents are over 55 and 64% of households are childless couples. Demand is led by outright owners (47%) and downsizers, with only 35% holding mortgages. Prices span $655,000–$730,000 across sources; Property Value puts the median at $710,000, up 7.6% annually, but Your Investment Property shows $670,000 and -2.19%, indicating mixed conditions. Volume is thin at 44–60 annual sales and houses sit 105–226 days on market. Rental yield is 3.5% for houses, with vacancy extremely tight at 0.06%. Growth is constrained by limited supply, rate sensitivity, and affordability pressure from high prices against weekly rents of $365–$400.
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PropCred Estimated Value
Comparable Sales: 703 Bog Lane, Nora Creina (301.9 ha grazing property) and 57 Douglas Dawson Track, Robe (7.63 ha house property) | Property Price Band: $700,000–$800,000 | Value Drivers: Land size and rural character, stables restoration scope, coastal conservation zoning constraints
Bedrooms
3
Bathroom
1
Parking
4
Land
1.21 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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