13 Third Street, Port Pirie West SA 5540
13 Third Street, Port Pirie West SA 5540
Corner block with side access | 750 m² land | 66 m² stripped shell | two-bedroom project house
This property’s competitive edge is the land. A 750 m² corner allotment with side-street access is genuinely uncommon in an established suburb, and it offers flexibility for parking, shedding, or future reconfiguration that most neighbouring houses simply cannot match. The existing dwelling is small and stripped back internally, which means the purchase price is largely for the site and its utility rather than for finishes. That positions it best for a buyer who values space and potential over move-in readiness — someone willing to invest time and capital to create a home tailored to their own needs, or an investor focused on land banking with rental income as a secondary consideration.
The condition of the interior may materially affect how the property is priced. With the house reduced to a shell, the buyer should weigh the cost of reinstating flooring, kitchen, bathroom, and general fit-out against the benefit of a blank canvas. The compact 66 m² footprint may limit how much value can be added through renovation alone, so the land and outbuildings — the large shed, garden shed, and double carport — are likely to carry a significant portion of the property’s worth. Orientation and aspect are not confirmed, which could influence living comfort and energy efficiency once the interior is rebuilt.
|| Comparable Sales: 29 Third Street sold July 2025 at a higher price point on 823 m² with a modern 4-bed home; 24 Third Street valued near $401,000 on 987 m² | Property Price Band: $200,000–$300,000 | Value Drivers: land size, corner position with side access, stripped condition requiring capital works
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Third Street, Port Pirie West SA 5540
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Port Pirie West SA 5540 is a lower-priced regional market where childless couples and labourer households dominate demand, attracted by 43.66% annual house price growth and 7.66% gross rental yields. Median house values sit at $255,000–$292,500 depending on source, with a tight 0.40% vacancy rate, 40 median days on market, and about 63–66 annual sales. This supply-demand balance and limited panic selling support current conditions. Future growth hinges on continued investor interest in high-yielding stock and family demand for 3–5 bedroom homes, though affordability constraints and rate sensitivity from $600–$799 monthly mortgage repayments remain key risks. Variable supply of only 2–4 listings also points to shallow market depth.
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PropCred Estimated Value
Comparable Sales: 29 Third Street sold July 2025 at a higher price point on 823 m² with a modern 4-bed home; 24 Third Street valued near $401,000 on 987 m² | Property Price Band: $200,000–$300,000 | Value Drivers: land size, corner position with side access, stripped condition requiring capital works
Bedrooms
3
Bathroom
1
Parking
1
Land
770m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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