1 Paisley Avenue, Torrens Park SA 5062
1 Paisley Avenue, Torrens Park SA 5062
Large-land apartment | rare in house-led suburb | downsizer pull | inspection essential
A substantial 579 square metre landholding is attached to this apartment, which is uncommon in an area known primarily for detached houses. The property is positioned in a well-established inner-south suburb, offering a lower-maintenance alternative to traditional housing without sacrificing access to the city. It is best suited to downsizers, professionals, and those seeking a compact dwelling with outdoor space. The generous land area may provide a degree of flexibility rarely seen in unit-format properties, and the competitive price point makes it a sensible entry into a high-demand locality.
The eventual price might be influenced by the dwelling’s internal condition, layout, and any recent upgrades, which must be assessed in person. Opportunities may exist for the land to be redeveloped, subdivided, or extended, subject to council approvals. However, the atypical nature of the offering could narrow the buyer pool, and title-level checks for any overlays are recommended before a final decision.
>> Comparable Sales: Ayr Avenue at $847,100 | Property Price Band: $650K–$750K | Value Drivers: condition, land size, layout
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Paisley Avenue, Torrens Park SA 5062
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Torrens Park SA 5062, in the Mitcham council area, is an established inner-south Adelaide suburb where mortgage-holding owners dominate and household incomes run nearly 40% above Greater Adelaide. That profile, alongside a 0.17% house vacancy rate and just two rental listings, supports durable owner-occupier demand. Median house prices vary widely by source-$1.2m to $1.6m-with annual growth swinging from -8.8% to +10.3%, reflecting thin turnover of 26–40 sales. Houses sit on market 54–76 days, with gross yields low at 2.6–2.77%, steering investors toward units, which yield 4.27% at a $615,000 median. The 50% year-on-year rise in house listings is a key supply-side constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
1959m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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