5/138 Shakespeare Avenue, Magill SA 5072
5/138 Shakespeare Avenue, Magill SA 5072
Detached 2-bed house | 284m² land | Near Magill School | Sub-$900k entry | Efficient layout
A compact detached house is presented on a 284m² allotment, positioned within easy reach of established primary and secondary schooling and the shopping corridors of Magill Road and The Parade. The 2/1/1 format, with an internal area of 84m², is considered a rare entry point into this eastern-suburbs street, particularly suited to downsizers or small households. This configuration is served best by buyers seeking a manageable freehold property with a modest garden footprint, as opposed to a unit or townhouse. The school catchment appeal, especially for Magill School and Norwood International High School, is a genuine demand driver, giving the property relevance to both owner-occupiers and investors.
The property’s value may be influenced by its building age and internal finish, which are typical variables in this price range. The 284m² land size is considered to offer some future flexibility, but zoning and council rules might moderate that. A basic fitout might be seen to limit upside compared to renovated houses, while the compact internal area may be expected to cap the premium achievable. Market context suggests a steady, school-driven demand profile, so the outcome likely rests on how the property is presented relative to similar freehold stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/138 Shakespeare Avenue, Magill SA 5072
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Magill, an eastern Adelaide suburb, is positioned as a tightly held, established market where houses trade between $1.189M and $1.317M and units sit at $645,000–$715,000. Demand is led by a young 20–39 cohort, underpinned by South Australia’s strong population growth and internal migration, drawn to relatively better affordability against other capitals. House prices have risen 7.12–7.62% annually, with units climbing 17.99%, moving fast at 41–58 days on market. Sales volume remains moderate at 128–151 houses annually, reflecting constrained supply. Rental demand is firm: houses return $680–$830 weekly and units $530, with gross yields of 3.02% for houses and 4.23% for units. Future growth relies on persistent housing shortfalls and affordability advantages, but buyer capacity is stretched. Rate sensitivity, a cooling geopolitical environment, and higher property taxes dampen investor appetite and pose the primary risks to sustained momentum.
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PropCred Estimated Value
Comparable Sales: 5/62 Shakespeare Avenue sold $266k in 2020 | Property Price Band: $800K–$900K | Value Drivers: land size, school proximity, presentation
Bedrooms
2
Bathroom
1
Parking
1
Land
253m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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