3 Kames Street, Ridgehaven SA 5097
3 Kames Street, Ridgehaven SA 5097
Mid-2000s build | 191m² family layout | 420m² compact block | Ducted reverse-cycle | No solar/gas
This property presents as a competitively strong option within Ridgehaven’s housing stock. It is built in 2004, making it noticeably newer than the surrounding 1960s-era houses, and its 191m² of internal space is configured as a practical three-bedroom, two-bathroom layout with formal and open-plan living zones. The compact 420m² allotment is low-maintenance, while the upgraded ducted reverse-cycle heating and cooling is a genuine comfort feature. The house is well suited to first-home buyers wanting a move-in-ready home, young families seeking a secure single-level footprint, and downsizers who prefer modern construction without excessive land upkeep. Its location in a quiet, family-friendly pocket with convenient access to shopping, schools, and transport strengthens its appeal.
Value may be influenced by the property’s smaller land size, which limits the redevelopment potential that larger older blocks in the area offer. The easement noted on the title might constrain future extensions or ancillary structures, so that should be reviewed. The absence of solar panels and gas connections may be a minor consideration for energy-conscious buyers, though the electric heat-pump hot water system is efficient. The upgraded ducted system adds genuine comfort value, and the overall condition of a 2004 build should present relatively well. Buyers weighing price should consider that this property trades a larger land holding for a more modern, efficient dwelling.
>> Comparable Sales: 3 Sydney St (3/1/2, 795m²) approx $790k; 45 Far View Cres (4/2/2, 730m²) approx $805k | Property Price Band: $800K–$900K | Value Drivers: modern condition, 191m² layout, compact land
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Kames Street, Ridgehaven SA 5097
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Ridgehaven, in Adelaide’s north-east, holds a mid-market position with tight supply: about 21 houses on market and vacancy near 0.7%. Demand is led by owner-occupiers-51% of owners hold mortgages-while the 32% share of single residents underpins unit demand. House prices have risen 8.5–11.9% annually, with medians between $770,000 and $820,000; units posted a sharper 20.7% gain to $565,000. Houses sell in roughly 45 days, with low vacancy supporting gross yields of 4.0–4.6% across dwellings. Future growth remains supported by limited stock and consistent buyer activity, but affordability is now a constraint: weekly repayments near $2,800 on typical loans, and house supply up 31% year-on-year, temper the outlook.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
418m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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