10/26-30 Coromandel Place, Modbury Heights SA 5092
10/26-30 Coromandel Place, Modbury Heights SA 5092
2-bed unit with two car spaces | 76 mยฒ internal area | Tea Tree Gully council | Golden Grove High School catchment
The two car spaces are a genuine rarity for a two-bedroom unit in this price range, giving it a practical advantage over most compact stock in the suburb. The 76 mยฒ internal area and 137 mยฒ parcel suggest a floorplan that is more livable than typical entry-level apartments, which often sacrifice space for affordability. This property is best suited to owner-occupiers who value parking and room to move, or downsizers seeking a single-level home without the compromises of a smaller unit. Its location in an established residential area with school catchment access adds steady demand, and the absence of bushfire or flood overlays reduces long-term holding concerns.
The lack of verified building age and finish quality means the condition and presentation will heavily influence the final price, as buyers may discount for potential renovation costs. The rental yield estimate of roughly 4.4% is reasonable but not exceptional, so investors should confirm actual rental demand in the immediate street. The unitโs floor level and orientation are unknown, which could affect natural light and privacyโfactors that may narrow the buyer pool if the unit is ground-floor or poorly positioned.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 10/26-30 Coromandel Place, Modbury Heights SA 5092
Market Insight:
Modbury Heights is a family-focused suburb in Adelaide’s northeast corridor, with strong capital growth of 10.65% annually driving its median house price to $852,000. Demand is anchored by owner-occupiers upgrading for its transport links and by investors targeting a robust 4.12% gross rental yield, supported by a tight rental market with a 0.34% vacancy rate. However, this rapid price growth introduces rate sensitivity, while limited supply, evidenced by just 39 median days on market, pressures affordability.