10 David Terrace, Morphett Vale SA 5162
10 David Terrace, Morphett Vale SA 5162
3 bed 1 bath 3 car on 720m² | detached family house | established southern suburb | off market with strong land component | suited to owner-occupiers and investors
This is a genuinely useful configuration for Morphett Vale. A three bedroom single bathroom house with three car spaces on a 720 square metre block gives you the classic established family layout, but the land is what separates it from the newer compact builds appearing in the area. The block size supports outdoor living, room for a shed or caravan, and future options if you ever wanted to renovate or extend. It sits comfortably within the suburb’s dominant housing style, which is detached low rise homes on mid to large suburban lots, so it will not feel out of place and should appeal to the broadest pool of buyers. That mix of practical floorplan and usable land makes it most attractive to families wanting space without paying prestige prices, and to investors who recognise that solid detached houses with good land content tend to hold demand well in this part of Adelaide’s south.
The value picture here is shaped more by what you cannot see from the listing than what you can. The house may have an older interior, given the suburb’s established housing stock, and that could mean the kitchen, bathroom, and flooring need attention before the property reaches its full potential. The block’s orientation and exact position on the terrace could affect how much natural light the living areas get, and whether the outdoor space is genuinely usable in the afternoon. The off market status suggests the seller may be testing interest rather than committing to a public campaign, which might create some room for negotiation but also means you need to move decisively if the property fits your brief. The surrounding street has seen some newer infill development, which could be a positive sign for the area’s direction, but it also means you should check whether any nearby construction affects privacy or amenity.
|| Comparable Sales: 11 David Terrace sold privately Feb 2025 after 392 days listed | 10 Blundell Street estimated $589k–$650k | Property Price Band: $600k–$700k | Value Drivers: land size, condition of interior, street position and aspect
Detailed Independent Property Report prepared by PropCred Analyst team for 10 David Terrace, Morphett Vale SA 5162
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Median house prices in this suburb run from $698,250 to $790,500, with annual growth of 11.8% to 15.2%. Unit medians are $553,000 to $608,500, growing 12.7% to 19.8%. Selling times of 22 to 47 days and an annual house sales volume of 116 to 457 indicate a thin but active market. Gross rental yields of 3.8% to 4.3% for houses and 3.5% to 4.3% for units, against weekly rents of $580–$590 and $475–$513, show price growth outpacing rental income, pointing to demand focused on capital appreciation. This price-led demand, combined with tight days-on-market, suggests strong buyer competition. High entry prices and modest yields are the key constraints, while the limited transaction volumes could intensify price swings if demand stays strong.
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PropCred Estimated Value
Comparable Sales: 11 David Terrace sold privately Feb 2025 after 392 days listed | 10 Blundell Street estimated $589k–$650k | Property Price Band: $600k–$700k | Value Drivers: land size, condition of interior, street position and aspect
Bedrooms
3
Bathroom
1
Parking
3
Land
720m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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