1101 Stebonheath Road, Munno Para West SA 5115
1101 Stebonheath Road, Munno Para West SA 5115
New build 2020 | 370m² lot | Flood overlay | Mark Oliphant College catchment | One owner
This property presents a competitively strong offering as a near-new house in a developing corridor, requiring minimal immediate capital outlay for a buyer. Its 2020 construction date places it above the area’s typical build vintage, suggesting modern compliance and efficiency. The larger 370m² block with low site coverage provides a tangible land holding and separation rare for recent builds, best serving a family seeking established infrastructure in a growth suburb without the wait for a new development.
The primary risk mechanism is the identified flood overlay, which necessitates specific due diligence for insurance premiums and potential future resale constraints. The opportunity lies in securing a one-owner property below replacement cost in a suburb with consistent rental demand, evidenced by a potential yield around 4%. Acquire this as a long-term hold, leveraging its modern appeal for stable tenancy.
Recent comparable sales on the same street provide direct context:
– 1151 Stebonheath Road: 2017 build, 300m² land, sold for an estimated $643,000-$653,000.
– 44 Librandi Street: Recently listed at $699,000-$758,000.
This property’s newer construction and larger land parcel justify its position at the upper mid-range of these figures, indicating the asking price is anchored in observable market activity.
Detailed Independent Property Report prepared by PropCred Analyst team for 1101 Stebonheath Road, Munno Para West SA 5115
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Munno Para West is a high-growth, family-oriented suburb experiencing rapid demographic expansion and strong capital appreciation. Demand is driven by young, working families, supported by a robust local services sector. The market demonstrates consistent upward price momentum with solid sales volume, indicating sustained buyer interest. Future growth is underpinned by significant population influx and rising household incomes, though current low listing volumes suggest a constrained supply pipeline relative to demand.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
370m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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