1/72 Military Road, Tennyson SA 5022
1/72 Military Road, Tennyson SA 5022
Waterfront pocket unit | Lake views from living and master | Two-car parking rare for the size | Renovated bathroom and modern finishes | Tightly held Military Road stock
This unit sits in a genuinely desirable niche of Tennyson, where the combination of lake views, a fully renovated bathroom, and two dedicated car spots gives it an edge over most comparable apartments in the area. The 78 square metre footprint is generous for a two-bedroom configuration, and the built-in robes and ceiling fans in both bedrooms make it practical for full-time living rather than just a weekend bolt-hole. It is best suited to downsizers looking to stay in a coastal suburb without the upkeep of a house, or to buyers who want low-maintenance living with a strong visual connection to the water. The street itself has a mix of older units and newer infill homes, so the property benefits from an established, quiet character while still being close to the beach, West Lakes shopping, and rail access. The scarcity of similar renovated, view-oriented units in this pocket means it competes on quality rather than price alone.
The inconsistency in advertised size across portals might create a small negotiation point, but the internal figure of 67 square metres is workable for the layout and does not feel cramped. The lack of confirmed building year and exact floor level could matter to a lender or insurer, so it is worth verifying those details before committing. The two-car parking is a real advantage in this area, where most comparable units offer only one space, and that alone can justify a premium. The lake views are the strongest single feature, but their value depends on whether they are fully unobstructed and whether the balcony, if there is one, is usable for outdoor living. Buyers should weigh the renovation quality against the age of the surrounding building, since a beautifully updated interior in an older block can still feel dated in common areas.
|| Comparable Sales: 23/72 Military Road sold at $660k, 22/70 Military Road with lake views and balcony | Property Price Band: $650k–$750k | Value Drivers: Renovated bathroom, lake views, two-car parking, low-maintenance coastal living
Detailed Independent Property Report prepared by PropCred Analyst team for 1/72 Military Road, Tennyson SA 5022
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Tennyson is an exclusive coastal enclave defined by its high-value, low-volume property market. Demand is driven by established professionals seeking premium waterfront living, creating intense competition for a very limited number of homes. This has resulted in exceptional recent capital appreciation. Future growth is underpinned by its irreplaceable coastal position and constrained supply, though the market’s high entry point and sensitivity to broader economic conditions present inherent constraints.
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PropCred Estimated Value
Comparable Sales: 23/72 Military Road sold at $660k, 22/70 Military Road with lake views and balcony | Property Price Band: $650k–$750k | Value Drivers: Renovated bathroom, lake views, two-car parking, low-maintenance coastal living
Bedrooms
2
Bathroom
1
Parking
2
Land
78m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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