113 North East Road, Collinswood SA 5081
113 North East Road, Collinswood SA 5081
3-bed 1953 house | 637m² city-fringe lot | subdivision potential | no overlays
The property’s primary buying case rests on its 637m² lot in a city-fringe corridor with no bushfire, flood, or heritage overlays, making it a rare low-risk development site. The existing 3-bedroom house offers immediate rental income at an estimated $670 per week while planning proceeds. This configuration best suits a buyer seeking a hold-and-develop strategy, particularly given the adjacent 992m² comparable at $1,710,000 signals strong land value growth in the corridor. The off-market house listing alongside an active vacant land auction for the same address confirms the site’s subdivision readiness.
The key risk is the 34% site coverage of the existing 214m² building, which may limit redevelopment yield unless demolition is planned. The 1953 build age and single bathroom reduce rental appeal for premium tenants, capping achievable rent near the lower end of the $600–$735 range. However the FTTP and 5G connectivity support modern living or home-office use. The opportunity cost is the holding period between purchase and subdivision approval, but the existing rental income offsets this. Hold for land appreciation and execute subdivision when zoning permits higher density.
Detailed Independent Property Report prepared by PropCred Analyst team for 113 North East Road, Collinswood SA 5081
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Collinswood is a tightly held, family-oriented suburb experiencing exceptional capital growth, driven by strong demand from young professional families within a low-supply Adelaide market. This demographic is attracted by its established character and proximity to amenities, creating a competitive sales environment with properties moving quickly. Future growth is underpinned by Adelaide’s broader market momentum and sustained family demand, though the suburb’s high price point and limited stock present inherent affordability and supply constraints.
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PropCred Estimated Value
Bedrooms
-
Bathroom
1
Parking
-
Land
342m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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