116 Billabong Road, Modbury Heights SA 5092
116 Billabong Road, Modbury Heights SA 5092
Large block older house | single bathroom constraint | established suburban setting | family or renovator appeal
This is a genuinely rare offering for Modbury Heights — a single-storey house on a block approaching 664 square metres, built in an era when homes were set on proper parcels of land. The internal footprint of 148 square metres is workable for a family, and the three-bedroom two-car configuration hits the mainstream buyer sweet spot. What makes this property competitively strong is the land-to-dwelling ratio, which is increasingly uncommon in this part of Adelaide’s northern suburbs. The older construction year means the house sits in a mature streetscape with established gardens and neighbours, not a raw estate. It serves best a buyer who values space over polish — a renovator wanting to add value, a family seeking a yard without strata constraints, or someone looking to hold land in a suburb that is gradually densifying. The single bathroom is the one clear compromise, but for the right buyer it is a negotiable point rather than a dealbreaker.
The age of the house may affect its price in ways that are not immediately obvious. A 1976 build typically means original or minimally updated plumbing, electrical, and insulation, so a buyer should weigh the cost of bringing these up to current standards. The absence of a second bathroom might limit appeal for families with older children or dual-income households, and this could narrow the buyer pool slightly. On the positive side, the large block offers optionality — a future extension, a granny flat, or even a subdivision if zoning permits, though this should be verified independently. The price a buyer should form a view on will depend heavily on how much of the land value they are paying for versus the dwelling itself, and whether they see the renovation path or the land-banking path as the stronger play.
Detailed Independent Property Report prepared by PropCred Analyst team for 116 Billabong Road, Modbury Heights SA 5092
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Modbury Heights is a family-focused suburb in Adelaide’s northeast corridor, with strong capital growth of 10.65% annually driving its median house price to $852,000. Demand is anchored by owner-occupiers upgrading for its transport links and by investors targeting a robust 4.12% gross rental yield, supported by a tight rental market with a 0.34% vacancy rate. However, this rapid price growth introduces rate sensitivity, while limited supply, evidenced by just 39 median days on market, pressures affordability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
664m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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