120A Arthur Street, Magill SA 5072
120A Arthur Street, Magill SA 5072
Modern multi-level home | 4-5 flexible bedrooms | 2017 built quality | Low-maintenance 330mΒ² land | Zoned for Morialta Secondary
This property presents a compelling, modern alternative to Magill’s predominantly older housing stock. Its 291 square metre internal area, dual living zones, and flexible fifth room create a functional layout rare for the suburb, catering specifically to growing or blended families seeking space without extensive upkeep. The grand master suite with a private balcony and the secure, automated parking elevate its appeal above typical offerings, positioning it for strong owner-occupier demand from those prioritising contemporary finishes and school catchment.
The primary decision hinges on the significant price growth since its 2018 sale, demanding scrutiny of its value against direct comparables, which are absent. This lack of recent, like-for-like sales introduces pricing ambiguity, a risk mitigated only by a disciplined auction strategy. Its smaller, efficient block is a trade-off for the modern build, suggesting a long-term hold to capitalise on the scarcity of new, large homes in the area. Proceed with a firm ceiling reflecting its premium over the dated three-bedroom home next door.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Magill presents a compelling entry point into Adelaide’s market, characterised by strong demand from a younger demographic and a notable supply shortfall. This dynamic is fuelling robust price growth, particularly for units, which are achieving exceptional annual appreciation. The market remains active with houses transacting at a steady pace, supported by broader state migration trends and relative affordability. Future growth is underpinned by these persistent demand drivers, though broader economic sensitivities and policy impacts on investors present potential headwinds.