13/31 Epstein Drive, Morphett Vale SA 5162

13/31 Epstein Drive, Morphett Vale SA 5162
2/1/1 unit | 83m² floor | 217m² land | built 1990 | no overlays This unit is positioned as a compact, low-maintenance option within a suburb dominated by detached housing. Its 83m² floor plan with two bedrooms, one bathroom, and single parking suits first-home buyers, downsizers, and investors seeking a modest footprint. The 217m² parcel offers a small private outdoor space, while the 1990 build and absence of bushfire, flood, or heritage overlays provide a straightforward holding. Its configuration is considered a minority format in Morphett Vale, which may support strong demand from purchasers prioritising price and ease over space. Value may be influenced by the property’s condition and any updates, as no detailed interior information is available. Orientation and floor level might affect light and privacy for a single-level unit, though these are likely standard. The recent sale of a similar 2/1/1 unit in the same complex at a mid-$600,000 level suggests a narrow price band, but final value might vary with presentation and buyer demand. Rental evidence around $470 per week for a comparable unit could support an investor case, though verified tenants and lease terms are not confirmed. >> Comparable Sales: 8/13 Epstein Dr $647,500; 13/27 Epstein Dr $585,892 | Property Price Band: $600K–$700K | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared  by PropCred Analyst team for 13/31 Epstein Drive, Morphett Vale SA 5162
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk
Income Risk 2
Execution Risk
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Market Insight

Median house prices in this suburb run from $698,250 to $790,500, with annual growth of 11.8% to 15.2%. Unit medians are $553,000 to $608,500, growing 12.7% to 19.8%. Selling times of 22 to 47 days and an annual house sales volume of 116 to 457 indicate a thin but active market. Gross rental yields of 3.8% to 4.3% for houses and 3.5% to 4.3% for units, against weekly rents of $580–$590 and $475–$513, show price growth outpacing rental income, pointing to demand focused on capital appreciation. This price-led demand, combined with tight days-on-market, suggests strong buyer competition. High entry prices and modest yields are the key constraints, while the limited transaction volumes could intensify price swings if demand stays strong.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

59m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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