11/1 Mooloola Way, West Lakes Shore SA 5020
11/1 Mooloola Way, West Lakes Shore SA 5020
3-bed townhouse, 2-car | 1974 build on 53m² | flood overlay applies | coastal-lifestyle suburb | suited to downsizers and investors
A three-bedroom, one-bathroom townhouse with two car spaces is offered in an established coastal suburb. The 1974 building has been maintained to a functional standard, and the internal layout is considered practical for a smaller household. The property is positioned within a planned residential enclave close to the lake and beach, which is regarded as a genuine lifestyle advantage. School zoning for West Lakes Shore School and Le Fevre High School is expected to broaden its appeal to families. Given the compact land area and attached form, the townhouse is best suited to buyers seeking low-maintenance living, including downsizers, first-home buyers and investors looking for a reliable rental proposition.
The flood overlay may introduce additional planning considerations for any future development, although no immediate impact on current use is anticipated. The very small 53 m² land area might limit opportunities for extension or outdoor living, which could affect long-term appeal. The 1974 construction may require ongoing maintenance, particularly around building systems and energy efficiency, and the final sale price might be influenced by the condition of internal finishes compared with similar townhouses in the immediate area.
Detailed Independent Property Report prepared by PropCred Analyst team for 11/1 Mooloola Way, West Lakes Shore SA 5020
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
West Lakes Shore’s median house price is $1.3 million, up 5.7% annually, while the unit median sits at $800,000 after a 15.7% decline. Houses sell in about 42 days, with annual turnover of 37–57 sales, indicating a thin, tightly held market. House rents range $750–$782 weekly, units $560–$580, and gross yields are 3.0% for houses versus up to 4.3% for units, pointing to stronger investor interest in the apartment segment. Demand is led by high-income owner-occupiers favouring the established housing stock, but affordability constraints and rate sensitivity temper the outlook, especially for units.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 8/1 Mooloola Way sold $347,500 in 2019; 1/1 Mooloola Way sold $730,000 recently | Property Price Band: $650K-$750K | Value Drivers: internal condition, small land size, flood overlay
Bedrooms
3
Bathroom
1
Parking
1
Land
53m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!