1/64 Columbia Crescent, Modbury North SA 5092
1/64 Columbia Crescent, Modbury North SA 5092
Compact 1960s brick home on 500mΒ² block|Low vacancy signals strong rental demand|Family-oriented with 44% couples/children households|Positioned in growth area 15km from CBD|
Offers 3 beds, 1 bath, 1 carport in quiet cul-de-sac near Modbury High and primary schools. Suits growing families or downsizers seeking value in established street. Demand steady from professionals and trades workers amid 32% over-55s demographic. Low 0.37% vacancy drives 3.7-4.16% yields. Crescent location advantages: walk to parks, shops, bus to Tea Tree Plaza; disadvantage: 20min drive to city peak traffic. Suburb growth from population rise to 5704, median incomes $78-130k. No major projects noted, but 15% annual house growth reflects infrastructure appeal. Opportunities in minor renos for equity; risks from older build needing updates. Fits mid-market buyer chasing stability over flash.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Modbury North demand is driven by proximity to Tea Tree Plaza, the O-Bahn interchange and nearby education and health precincts, keeping vacancy near 0.4% and attracting families and downsizers who value walkable amenities. Buyers are chasing established brick homes for owner-occupation while investors pursue 3.9%+ yields and redevelopment-ready parcels near the main arterials. House prices have climbed steadily over the past six months, sustaining double-digit annual growth, yet risks include affordability pressure and a softer unit segment even as urban activity-centre zoning offers redevelopment upside.