9 Leonard Court, Parsons Beach SA 5575

9 Leonard Court, Parsons Beach SA 5575
Brick veneer 2014 build | Immaculate quiet cul-de-sac | 726m² coastal lot | Priced above estimated value This property presents a competitively strong proposition as a modern, low-maintenance home in a secluded coastal setting. Its 2014 brick veneer construction and immaculate condition eliminate immediate capital requirements, positioning it as a secure entry into the Parsons Beach lifestyle for a permanent mover, weekend occupant, or investor seeking a straightforward holding. The quiet cul-de-sac location and generous lot size are definitive advantages in this market. The primary decision mechanism is the current asking price, which carries a premium against the estimated market value. This gap represents an immediate cost to the buyer’s equity position. Acquiring at or near the estimated value would improve the investment logic. Given the property’s modern build and desirable configuration, it is suited for a long-term hold to realise capital growth, leveraging its appeal as a scarce turn-key offering in the area.

Market Insight:

Parsons Beach is a highly exclusive, low-turnover coastal enclave, characterised by an established and mature demographic residing in outright-owned homes. Demand is inherently limited and driven by lifestyle-seeking buyers within this narrow segment, with recent price trends indicating strong upward pressure despite minimal sales activity. Future growth is constrained by the suburb’s extremely small and declining population, which creates a market of very limited liquidity and presents a significant risk for buyers seeking entry or exit.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

727m²

Built

Recent Assessments