4 Barclay Avenue, Naracoorte SA 5271
4 Barclay Avenue, Naracoorte SA 5271
Mid-century 4-bed detached | generous block | single-level likely | tight rental demand | slower resale
The property is understood to be a single-level detached house from the mid-century era, positioned on a generously sized block. This configuration is competitive in Naracoorte, where older family housing on substantial land remains the dominant stock type. The strong rental demand, reflected in an exceptionally low vacancy rate, adds to its appeal for owner-occupiers and local investors alike. Its most likely buyer profile includes families seeking space, downsizers wanting single-level living, and first-home buyers entering the regional market. The property sits comfortably within a suburb that offers established services and reasonable turnover, making it a practical choice rather than a standout or premium offering.
Value may be influenced by the condition of the kitchen and bathroom, as well as the quality of the building envelope. Renovation levels could either lift or cap the price. The size and orientation of the land, along with any shedding or outdoor improvements, may affect its utility. While the slower days on market indicate a need for realistic pricing, the tight rental market could support investment demand. Buyers should weigh the cost of any deferred maintenance against a quieter market to form a view on price.
>>Comparable Sales: a 1955-built 4-bed on 785 sqm sold for $410k, a 1950-built 4-bed on 989 sqm sold for $520k | Property Price Band: $450k-$550k | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Barclay Avenue, Naracoorte SA 5271
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Naracoorte (postcode 5271) is a small regional centre with a moderate five-year population increase. Buyer demand is robust: 582 monthly searches against only 11 current listings. The house market has grown 5.26% annually to a $400,000 median, with 139 annual sales and a 51-day median selling time. Units grew 2.99% to a $327,500 median and yield 4.98% gross. Rents average $380 weekly for houses, and rental absorption is quick at 15 days. Vendor discounting of -3% indicates mild price negotiation, but stock is thin at 3% (one month), supporting price stability. Future growth relies on continued demand against constrained supply; key risks are limited listing turnover and a narrow buyer pool.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
2
Land
853m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!