11 Nesbit Street, Albert Park SA 5014
11 Nesbit Street, Albert Park SA 5014
Detached 3-bed house | 385m² allotment | 2-car parking | Low-density Albert Park setting | Thin recent sales activity
This is a straightforward detached house on a mid-sized suburban allotment, and that configuration carries genuine weight in Albert Park. The suburb’s visible stock leans heavily toward houses, so a 3-bedroom, single-bathroom layout with two dedicated car spaces suits buyers who want ground-level living without strata complexity. The land-to-building ratio feels balanced for a family or a first-time owner-occupier seeking a foothold in an established, lower-density pocket. It competes well against the newer infill homes appearing in the area, though it does not offer the polish or modern finishes of a recent build. The property’s practical strength is its simplicity — a conventional house that should appeal to buyers prioritising space, parking, and a quiet residential street over showpiece features.
What may shape the property’s value most is the absence of verified detail on internal condition, build age, and any site-specific attributes like orientation or easements. A 385m² allotment is workable, but its effective value depends on how the house sits on the block and whether there is room for future extension or reconfiguration. The nearby 2019-built comparable at 1 Avro Avenue, with a similar footprint and larger house area, suggests newer stock commands attention, but this property’s older character might appeal to buyers who prefer established homes with renovation potential. Rental demand appears active, though thin recent sales data means price discovery could be slower, and buyers may need to anchor expectations against broader suburban movement rather than street-level evidence.
|| Comparable Sales: 1 Avro Avenue (3/2/2, 2019, 323m²) and 99 Gordon Street ($605,000, 696m²) | Property Price Band: $500K–$600K | Value Drivers: land size, condition, layout simplicity
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Nesbit Street, Albert Park SA 5014
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Albert Park SA 5014 is a tightly held Adelaide suburb where the median house price has climbed to $880,000, reflecting 13.55% annual growth, with alternative measures showing 10.8–11.3% compound growth. Demand is driven by established professionals and families, many holding mortgages, attracted to a low-density pocket with a local Catholic primary school. The market’s 0.58% vacancy rate underscores acute rental demand, while houses command a median rent of $580 per week and a 3.6% gross yield. Sales velocity remains moderate at 35 transactions in the past year, with homes averaging 37–44 days on market, indicating balanced conditions despite strong price appreciation. No supply or rate sensitivity data is available, but the combination of tight vacancy and steady owner-occupier demand suggests ongoing price support.
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PropCred Estimated Value
Comparable Sales: 1 Avro Avenue (3/2/2, 2019, 323m²) and 99 Gordon Street ($605,000, 696m²) | Property Price Band: $500K–$600K | Value Drivers: land size, condition, layout simplicity
Bedrooms
3
Bathroom
1
Parking
2
Land
385m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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