10 Murray Street, Albert Park SA 5014

10 Murray Street, Albert Park SA 5014
Western suburb 8-10km CBD | 3 bed 2 bath house | Large 743sqm block | 6 car secure workshop & parking This property presents a strong functional proposition, distinguished by its substantial 743 square metre land parcel and exceptional six-car secure parking configuration with drive-through access in a metropolitan location. This combination of land size and highly practical, workshop-inclusive parking is rare for a house within 10 kilometres of the Adelaide CBD, catering specifically to trades operators, automotive enthusiasts, or multi-vehicle families seeking secure utility over pure aesthetics. The floor plan is practical with multiple living areas and ducted air conditioning, positioning it as a durable, low-maintenance holding. The primary risk is the dated 2015 sale, creating valuation ambiguity in a dynamic market; a buyer must commission an immediate, independent valuation to anchor their bid. The low-confidence search band estimate further underscores this pricing opacity. The opportunity lies in acquiring a high-utility land asset with development potential or income from ancillary uses, provided due diligence on zoning is completed. This property is a tactical buy for owner-occupiers requiring its specific utility, not a passive investment.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Albert Park presents as a tightly held, high-growth suburb with a clear owner-occupier focus, evidenced by strong capital growth and a critically low vacancy rate. Demand is driven by a professional demographic seeking established housing, with sales activity reflecting a competitive market where properties transact efficiently. Future performance is underpinned by this sustained demand against limited supply, though its established nature may present a constraint on new development opportunities.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

6

Land

743mΒ²

Assessments Delivered Today

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