1097 Stebonheath Road, Munno Para West SA 5115

1097 Stebonheath Road, Munno Para West SA 5115
4 bed family house | 374sqm compact block | side access to rear | tenanted at $650/wk | golf course frontage This is a genuinely practical family house rather than a showpiece. The 2018 build gives you modern construction standards without paying the premium for brand new, and the 220sqm of living space is generous for a 374sqm allotment. The side access is a real functional advantage, letting you store a trailer or boat without sacrificing driveway space, and the position directly across from Playford Lakes Golf Club gives it an open, established streetscape that many newer estates lack. It suits a family wanting low-maintenance living near the motorway, or an investor comfortable with the current tenancy until August 2026. The tenancy at $650 per week is the most significant factor to weigh. It provides immediate income certainty, but it also means you cannot occupy the house yourself for roughly two years, and the rental figure may or may not align with where the market sits when the lease ends. The compact land size limits future subdivision potential, and the lack of a detailed finish schedule means the interior quality could range from standard to upgraded. The golf course frontage and school proximity may support stronger demand, but the mixed lot sizes on the street create some valuation dispersion. || Comparable Sales: 1/1083 Stebonheath Road sold at $520,000; 963 Stebonheath Road sold at $610,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, side access functionality, rental income security, golf course outlook
Detailed Independent Property Report prepared  by PropCred Analyst team for 1097 Stebonheath Road, Munno Para West SA 5115
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✓
Execution Risk ✕ 2
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Market Insight

Munno Para West is a young, high-growth Adelaide fringe suburb, with a predominantly 0-9 year age profile and a 28.2% population surge since 2016. Demand is led by families and trades workers on near-median incomes, supported by a 19.4% rise in household earnings. House prices have reached a $655,000–$675,000 median, with annual growth around 9% and 239 sales in the past year, reflecting broad-based buyer activity. Rental demand is firm at $550 per week, though no rental yield or vacancy data is available. Future growth is underpinned by continued population momentum and infrastructure such as long-hour daycare, but affordability constraints are emerging: only 17 dwellings were for sale and 28 for rent last month, limiting choice and heightening rate sensitivity for leveraged buyers.
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PropCred Estimated Value

Comparable Sales: 1/1083 Stebonheath Road sold at $520,000; 963 Stebonheath Road sold at $610,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, side access functionality, rental income security, golf course outlook

Bedrooms

4

Bathroom

2

Parking

4

Land

374m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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