137 Ladywood Road, Modbury Heights SA 5092
137 Ladywood Road, Modbury Heights SA 5092
1970s build | 4 car spaces | 53% site coverage | The Heights School catchment | reliable utilities
This house presents a practical offering for an owner-occupier or investor seeking a large, usable block in a established suburb. Its four car spaces and 53% building coverage signal a property with above-average utility for vehicles, storage, or outdoor living relative to typical local stock, catering well to tradespeople or families needing space. The confirmed catchment for The Heights School is a clear locational advantage for a specific buyer segment, while the absence of environmental overlays simplifies due diligence.
The primary risk is the lack of recent comparable sales, making price validation difficult against the provided estimates. The high site coverage limits further expansion, and the 1978 construction necessitates a rigorous building inspection for latent defects. Proceed only if the negotiated price aligns with the lower end of the estimated range, treating this as a long-term hold to leverage its functional land size and school catchment, not for short-term appreciation.
Detailed Independent Property Report prepared by PropCred Analyst team for 137 Ladywood Road, Modbury Heights SA 5092
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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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
1
Parking
4
Land
578m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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