14/1 Charles Street, Plympton SA 5038
14/1 Charles Street, Plympton SA 5038
Modern 2-bedroom unit | Low-maintenance strata living | Strong rental demand | Near Glenelg and transport | Built circa 2019
This unit offers a rare combination of contemporary build quality and practical living in a suburb where older detached housing dominates. The 2-bedroom, 1-bathroom layout with secure parking suits first-home buyers, downsizers, and investors seeking low upkeep without sacrificing proximity to Glenelg’s beach, Jetty Road retail, and major transport corridors. Neutral interiors, square-set ceilings, and ducted climate control reflect a finish standard above many comparable strata offerings in the area, giving it a competitive edge for owner-occupiers who value move-in readiness. The building’s consistent 2/1/1 configuration suggests a well-managed, uniform complex that appeals to a broad buyer pool, and the recent sales activity in the same block reinforces confidence in its marketability.
Value may be influenced by the unit’s exact floor level and aspect, which are not confirmed but could affect natural light and privacy. The compact footprint, while efficient, limits appeal for those needing more space, and the corridor-side location may introduce some urban noise compared to quieter residential streets. Buyers should weigh the property’s modern condition against its smaller land component, as the 102m² lot offers little expansion potential. Rental estimates in the low-to-mid $500s per week, supported by same-building leasing evidence, provide a useful income benchmark for investors, though yield will depend on final purchase price and ongoing strata fees.
Detailed Independent Property Report prepared by PropCred Analyst team for 14/1 Charles Street, Plympton SA 5038
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Plympton sits on Adelaide’s inner-south corridor, anchored by Anzac Highway and Marion Road commercial hubs. Demand is driven by rapid turnover—59 houses and 90 units sold in the past year—and strong momentum, with house prices up 23.2% and units up 33.8% annually. The median house price is $1.17 million; units average $580,500. Houses sell in 27 days, reflecting tight supply, with only seven listings currently. Rental yields are modest—2.9% for houses, 4.2% for units—and house rents fell 2.9%, signalling landlord caution. Future growth hinges on infrastructure and scarce stock, but high entry prices, rate sensitivity, and low house yields constrain upside.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 18/1 Charles St sold $627k, 20/1 Charles St sold $615k | Property Price Band: $600k–$700k | Value Drivers: modern build quality, proximity to Glenelg, consistent rental demand
Bedrooms
2
Bathroom
1
Parking
1
Land
13m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!