1231 Stebonheath Road, Munno Para Downs SA 5115

1231 Stebonheath Road, Munno Para Downs SA 5115
Stebonheath Road location | High owner-occupancy suburb | Aligns with 4-bed detached norm | Strong recent sales momentum This property is positioned within a tightly held, family-dominated suburb where rapid turnover and high owner-occupancy signal entrenched demand for detached houses. Its likely configuration as a 4-5 bedroom house on Stebonheath Road places it directly within the most active segment of the market, serving buyers seeking established family homes in a community with demonstrated capital growth. The suburb’s low stock and fast sales cycle indicate a competitive acquisition environment. Your primary risk is the absence of specific data, requiring a premium for due diligence against unverified conditions. The opportunity lies in securing a standard offering in a high-demand, low-supply market where recent sales validate strong buyer appetite. Proceed with a conditional offer that benchmarks against verified nearby sales, anticipating a hold period aligned with the area’s family lifecycle. Recent comparable sales establish a clear price corridor for 4-bedroom houses in this immediate area: * 1225 Stebonheath Road sold for $710,000 (4 bed, 2 bath, 1 parking). * 31 Hatcher Road sold for $795,000 (4 bed, 2 bath, 2 parking). * 6 Michelino Street sold for $730,000. * 15 Goderich Street sold for $750,000. This cluster of sales between $710,000 and $795,000 provides a credible valuation anchor, suggesting this property would likely transact within the lower to mid-range of this bracket, assuming comparable condition and land value.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Munno Para Downs is a tightly held, family-oriented suburb with a strong and growing owner-occupier base, which underpins its market stability. Demand is driven primarily by established families, many of whom are now mortgage-free, creating a low-turnover environment. Recent price growth reflects this solid demand, with houses selling quickly in an active market. Future growth is anchored by the suburb’s entrenched owner-occupier culture, though its reliance on a specific demographic and labourer occupations presents a key sensitivity to economic shifts.

PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

12

Land

1.18 acres

Built

Recent Assessments