5/209 O G Road, Marden SA 5070
5/209 O G Road, Marden SA 5070
2016-built apartment | 91m² internal | 242m² lot | 2-car secure parking | Strong rental demand
This property stands out for its rare combination of a modern 2016 build with a genuinely usable 242m² lot, which is uncommon for apartment-style stock in this inner-east pocket. The two-car accommodation, courtyard, and ducted climate control make it a low-maintenance option that still feels like a house in terms of outdoor space. It serves downsizers seeking a lock-and-leave lifestyle without sacrificing parking, as well as investors drawn to the strong unit rent growth and consistent tenant demand in the area. The Vale Park Primary catchment and absence of overlay risks add practical appeal for owner-occupiers.
The 91m² internal area is compact for a two-bedroom, which may limit appeal for families but aligns well with professional couples or empty-nesters. The absence of floor-level and aspect details means light and privacy outcomes are unverified, and these could materially affect perceived value. The 242m² lot is a genuine advantage, but its usability depends on layout and access, which may influence how much buyers are willing to pay relative to similar units. The 2016 build year reduces immediate maintenance concerns, though strata obligations should be reviewed.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/209 O G Road, Marden SA 5070
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Marden, 5km from Adelaide CBD, is an inner-suburban market led by houses at a median of $1.411m, up 26.55% annually, though alternate data places values between $1.29m and $1.355m. Units median $619k, with growth reaching 10.09%. Demand is driven by young families, singles, and established couples attracted to city access, the O-Bahn Klemzig Interchange, Linear Park, and Norwood Parade. Stock is tight: houses average 37 days on market, vacancy sits at 0.76%, and only three house listings appeared last month, down 50% year-on-year. Gross house yields are 4.06%, with weekly rents at $665. Future growth relies on continued inner-city demand and constrained supply; risks include limited rental stock, rate sensitivity, and affordability pressures after steep price gains.
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PropCred Estimated Value
Comparable Sales: 1/209 O G Road sold for $1,158,000; 163 O G Road sold November 2023 | Property Price Band: $700K–$800K | Value Drivers: modern build, 242m² lot, two-car parking, courtyard space
Bedrooms
2
Bathroom
1
Parking
2
Land
91m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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