12 Joanna Street, Largs Bay SA 5016

12 Joanna Street, Largs Bay SA 5016
This is a five-bedroom, two-bathroom house on a 610-square-metre lot with five car spaces, built in 1925. It is a single-level, pre-war home with 161 square metres of internal area. The property is competitively strong for its rare five-bedroom configuration and exceptional car capacity, both of which are well above the typical stock in this coastal suburb. It is positioned as a standout for larger families or those needing significant off-street parking, a feature that is hard to find in the area. The house also sits within a neighbourhood defined by heritage-era homes, which gives it a consistent and desirable character. This property serves best a buyer seeking space, parking, and a classic coastal address, where such a combination is not commonly available. Factors that might materially affect value include the age of the building, which may require ongoing maintenance or updates to modern standards, particularly for systems like electrical or plumbing. The lack of confirmed modern finishes or amenities such as a pool or garden improvements could mean the property requires additional investment to reach its full potential. The lot size is standard for the street, so the value is driven more by the rare room and parking count than by land area. A buyer should consider the cost of any necessary renovations when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 12 Joanna Street, Largs Bay SA 5016
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Largs Bay is a well-established coastal suburb attracting professionals seeking a premium lifestyle. Demand is driven by its established character and proximity to the water, resulting in a consistently tight rental market and low vacancy rates. Recent price trends show strong capital appreciation, with houses transacting relatively quickly, indicating sustained buyer competition. Future growth is underpinned by its enduring appeal, though limited unit data and potential affordability constraints warrant monitoring in a changing rate environment.
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PropCred Estimated Value

Bedrooms

5

Bathroom

2

Parking

5

Land

610m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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