4/6-8 Richard Avenue, Mitchell Park SA 5043
4/6-8 Richard Avenue, Mitchell Park SA 5043
4 bed 2 bath family home on 400m² | Low vacancy signals strong rental demand | Suits growing families or investors | 3.9% yield in rising suburb| Offers spacious layout with multiple living areas, ideal for families seeking room to expand amid steady local demand. Positioned in a family-oriented pocket near Marion shopping precinct and beaches, balancing convenience with quiet residential feel. Appeals to upgraders from smaller homes or renters transitioning to ownership, given quick market turnover. Demand stays robust from high renter population
Detailed Independent Property Report prepared by PropCred Analyst team for 4/6-8 Richard Avenue, Mitchell Park SA 5043
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Insight: Mitchell Park SA 5043
Mitchell Parks proximity to Marions retail/health precinct, southbound freeway access and established schools keeps buyers locked in, especially as stock stays lean and rents hold near $660 a week. Investors and owner-occupiers target the suburb for its dependable low- to mid-$900k price range and almost 4% rental yield, while the biggest risk remains rate-sensitive demand if new build supply suddenly spikes; conversely, modest infill opportunities near reserves support longer-term value. House prices have edged up another 23% in the past quarter, sustaining roughly 810% growth over the last year and keeping momentum through the past six months.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
162m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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