1 Phillip Avenue, Craigmore SA 5114
1 Phillip Avenue, Craigmore SA 5114
4 bed family format | smaller 435m² block | gabled entertaining area | tenanted with vacant possession | Craigmore value market
What stands out here is the practical family layout. The open-plan living with a separate lounge/theatre room gives you two distinct zones, which is genuinely useful for a growing household. The master with 2-way ensuite access adds flexibility, and the drive-through access to the rear is a quiet advantage for trailers or extra parking. It sits in an established Craigmore street among similar quality homes, close to schools and shops, so it serves a family buyer or an investor looking for solid rental demand. The 4 bed, 1 bath configuration on a smaller block means it is priced for entry into that family market rather than competing with the larger upgraded homes in the suburb. That is its real strength.
The land size is the main factor to weigh. At 435m² it is noticeably tighter than much of the older stock in Craigmore, which typically sits on larger parcels. That may limit its appeal to buyers wanting a big yard, and it may cap the price relative to those bigger blocks. The finishes appear to be late 80s to 90s era, so a buyer should factor in some updating over time. The tenanted status with vacant possession available is neutral, but it does mean the property can be secured as a home or an investment without delay. Rental demand for this format looks healthy, which supports the price guide.
|| Comparable Sales: 33 Coorara Court sold around $650k; 51 Jedna Close listed near $620k | Property Price Band: $700k–$800k | Value Drivers: land size, layout flexibility, presentation and condition
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Phillip Avenue, Craigmore SA 5114
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Craigmore SA 5114 is an established, family-heavy market on Adelaide’s northern corridor, with 44% of households couples with children, 28% under 19, and the largest age cohort 50-59. Demand is driven by owner-occupiers: 52% of residents are purchasers and 66% of owners carry mortgages. The median house price is approximately $680,000, with annual growth compounding at 10.6-16.6%; houses transact in a median 36 days. Rentals yield 4.3% at a median $575 weekly, but advertised rental stock is thin at 6-13 listings. Future support comes from household income growth of 13.1% over 2016-21 and robust price momentum; constraints include high mortgage exposure, modest 0.44% population growth, and limited sale listings of 7-10.
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PropCred Estimated Value
Comparable Sales: 33 Coorara Court sold around $650k; 51 Jedna Close listed near $620k | Property Price Band: $700k–$800k | Value Drivers: land size, layout flexibility, presentation and condition
Bedrooms
4
Bathroom
1
Parking
1
Land
435m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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