17 Apollo Circuit, Richmond SA 5033
17 Apollo Circuit, Richmond SA 5033
3 bed | 1 bath | 4 car | 371 m² | school-catchment house
An uncommon combination is offered: a three-bedroom detached house on 371 square metres with four-car parking, a provision that is rarely matched in comparable housing. The configuration is best suited to a family or owner-occupier with multiple vehicles, or to a buyer wanting secure parking plus a usable yard. The property is positioned within a sought-after school catchment, and low-maintenance living is enabled by the compact land size. In a suburb of mixed housing stock, this balance of freestanding form, practical parking and established location is likely to be noticed by serious owner-occupiers.
The single-bathroom layout might be viewed as a limitation for families, and the price may be influenced heavily by the condition of the kitchen and bathroom. The four-car provision is considered a genuine value driver, but its contribution is influenced by whether the spaces are under cover, secure and easily accessed. Land orientation and street frontage may also be expected to affect redevelopment appeal, though the house is most likely to be purchased for its current form.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Apollo Circuit, Richmond SA 5033
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Richmond SA 5033 is an inner-Adelaide suburb with a tight, steady market. Demand is led by younger buyers in the 20–29 bracket, many single, with a high share of mortgaged owners, pointing to aspirational, first-upgrade purchasers. House prices are tracking around $1.02–$1.05 million, with annual compound growth of roughly 10–11% across recent measures, and 3-bedroom homes clear in a median 54 days. That pace reflects constrained supply: Adelaide house listings are down 1.6% year-on-year, while unit turnover is thin. The demand base is further supported by a 5.18% population increase since 2016 and an 11.1% year-on-year lift in Adelaide house sales volumes ahead of 2026. No unit price or yield data is available, and the rental picture is fragmented, though house rents reach $750 weekly. The main constraint is affordability and rate sensitivity: over half of owners carry a mortgage, leaving the market exposed to higher borrowing costs. Growth should persist while supply stays tight, but the high leverage among existing owners could temper confidence if rates shift.
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PropCred Estimated Value
Comparable Sales: 15 Apollo Circuit (3/2/2) sold for $689,000 in 2019 | Property Price Band: $900,000–$1,000,000 | Value Drivers: 4-car parking, condition, land size
Bedrooms
3
Bathroom
1
Parking
2
Land
371m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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