11 Roebuck Street, Mile End SA 5031
11 Roebuck Street, Mile End SA 5031
2-bedroom house on 455sqm | flexible floorplan with high ceilings | sought-after Mile End pocket | strong rental demand and yield potential
The property offers a rare combination of a compact 2-bedroom footprint on a full 455sqm block, giving a buyer the positional advantage of entry into a tightly held suburb with land that holds future reconfiguration potential. The flexible floorplan, including a lounge that doubles as a second bedroom, and the 6-car capacity, are not typical for this price tier and signal an edge for a buyer seeking both immediate livability and medium-term capital growth. This house best suits a professional couple, a downsizer, or an investor targeting the strong rental demand in the West Torrens catchment without paying a premium for a 3-bedroom.
The primary risk is the valuation gap between the upper estimate of $1.43 million and the lower end near $910,000, which means a buyer must anchor due diligence to recent comparable sales to avoid overpaying. The 3% rental yield is modest, but the $670 weekly rent provides solid holding cost coverage if the property is bought near the lower valuation band. The move-in ready condition reduces immediate outlay, while the land size and lack of overlays open a logical path for a future renovation or subdivision. Hold for land appreciation and cash flow, not short-term flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Roebuck Street, Mile End SA 5031
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Mile End is a tightly held, high-demand suburb positioned as a premium inner-city enclave. Demand is driven by young professionals seeking proximity to the CBD and major transport links, reflected in rapid sales and low stock levels. The market exhibits exceptionally strong price growth across both houses and units, with competitive conditions and properties transacting quickly. Future growth is underpinned by its constrained supply and desirability, though key risks include affordability pressures from high entry prices and sensitivity to interest rate changes impacting its core buyer demographic.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
6
Land
455m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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