12 Ramsgate Avenue, Modbury Heights SA 5092
12 Ramsgate Avenue, Modbury Heights SA 5092
1973 build | 1168m² large lot | 4 bed plus study | FTTP NBN | fully fenced established gardens
This property presents a strong proposition for a buyer seeking a large, adaptable family home on a substantial block in a settled suburb. Its core strength is the 1168m² land parcel, which offers significant space and privacy with established gardens, a rarity against newer subdivisions. The configuration of four bedrooms plus a study, multiple living areas, and dual parking caters directly to growing families, while the 1973 construction suggests a solid, if dated, structural base. The recent installation of Fibre to the Premises is a material utility advantage for modern households.
The primary decision point is the capital required to modernise the 50-year-old house against its strong land value. The separate listing for a new house on a subdivided lot at the same address confirms the underlying land’s development potential, offering a strategic opportunity. For a buyer, the optimal path is to secure it as a long-term family holding, budgeting for gradual updates, while the land itself provides a durable value floor. Its current rental listing indicates reliable income potential, but its highest utility is owner-occupation.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Ramsgate Avenue, Modbury Heights SA 5092
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
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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
2
Parking
2
Land
234m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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