1, 20 Raggatt Crescent, Mitchell Park SA 5043
1, 20 Raggatt Crescent, Mitchell Park SA 5043
3 bed 1 bath family home on 600sqm|Low vacancy signals strong rental demand|Positioned for young families near schools|Steady growth from metro proximity|
Spacious 3-bedroom, 1-bathroom house with generous backyard suits first-home buyers or growing families seeking affordable entry into stable suburb. Low 0.63% vacancy rate reflects high rental demand, appealing to investors eyeing 3.9% yields amid rising rents up 4-13% yearly. Tightly held area with houses averaging 24 days on market shows consistent buyer interest without frenzy. Caters to young professionals and families drawn to Marion precinct’s lifestyle, near quality schools like Mitchell Park Primary and secondary options within 5km. Demographics skew family-oriented with 44% renters, population 5k+. Location advantages include quick beach access and shopping hubs; minor con is traffic on main roads. Growth drivers: SA metro expansion, no major new projects yet but retail developments nearby boost appeal. Opportunities in minor renos for value-add; risks limited to interest rate sensitivity in balanced market. Rental stream reliable for steady returns.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
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Market Insight:
Mitchell ParkΒs proximity to MarionΒs 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 2Β3% in the past quarter, sustaining roughly 8Β10% growth over the last year and keeping momentum through the past six months.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
Assessments Delivered Today
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