15 Victoria Street, Albert Park SA 5014
15 Victoria Street, Albert Park SA 5014
3-bed detached on 390m² | single bathroom | character floorboards | fully fenced courtyard | family-oriented established suburb
This property is positioned as a solid, traditional family house within an established residential setting. Its 390m² land size is moderately generous for a three-bedroom home, and the fully fenced courtyard is a practical feature for children or pets. The internal layout, with built-in robes and floorboards, is understood to offer straightforward, functional living space rather than premium or designer finishes. This house is best suited to owner-occupiers seeking a detached home with manageable maintenance, or to investors targeting a reliable rental profile. Its character is aligned with the surrounding low-density housing stock, giving it a stable, unremarkable presence that appeals to practical buyers.
Value may be affected by the single bathroom, which could limit appeal for larger families. Renovation outlay might be required given the property’s likely older construction. Price growth might be constrained by the modest internal area. Practical value may be added by the courtyard and fenced boundaries. Stable pricing might be encouraged by market conditions, while investor demand may be tempered by broader vacancy levels.
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Victoria Street, Albert Park SA 5014
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Albert Park SA 5014 is a tightly held Adelaide suburb where the median house price has climbed to $880,000, reflecting 13.55% annual growth, with alternative measures showing 10.8–11.3% compound growth. Demand is driven by established professionals and families, many holding mortgages, attracted to a low-density pocket with a local Catholic primary school. The market’s 0.58% vacancy rate underscores acute rental demand, while houses command a median rent of $580 per week and a 3.6% gross yield. Sales velocity remains moderate at 35 transactions in the past year, with homes averaging 37–44 days on market, indicating balanced conditions despite strong price appreciation. No supply or rate sensitivity data is available, but the combination of tight vacancy and steady owner-occupier demand suggests ongoing price support.
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PropCred Estimated Value
Comparable Sales: 1 Avro Avenue (2019-built, 3/2/2, 323m²) sold at $950k; 15 St Vincent Place South (heritage terrace) sold at $1.8M | Property Price Band: $1.0M-$1.1M | Value Drivers: land size, condition, layout
Bedrooms
3
Bathroom
1
Parking
2
Land
390m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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