14/383 Cross Road, Edwardstown SA 5039
14/383 Cross Road, Edwardstown SA 5039
1971 strata unit | 2 bed 1 bath 1 car | Cross Road frontage | Investor-grade rental demand | Renovation upside
This unit sits in an established 1970s walk-up complex on Cross Road, a configuration that is common for Edwardstown but still holds genuine appeal for the right buyer. The two-bedroom, one-bathroom layout with a single car space is compact, yet the location does most of the heavy lifting—under seven kilometres from the city, close to Glenelg and Marion, and well served by public transport and shopping. For an investor, the rental evidence is consistent and healthy, with yields in the low-to-mid five percent range depending on how the interior has been updated. For a first-home buyer or downsizer, it offers a low-maintenance entry into an inner-southern suburb without the price tag of nearby premium pockets. The building’s age is not a deterrent; it simply means the condition and finish of the individual unit will carry more weight than the complex’s reputation.
The main factors that might shape what this property is worth are the level of renovation and the position within the complex. An updated unit with a modern kitchen, polished floors, and a refreshed bathroom will command a noticeable premium over a dated example, as will an upper-level unit with a balcony or porch versus a ground-floor lot with less outlook. Cross Road frontage could introduce traffic noise, which may temper appeal for owner-occupiers but is less of a concern for tenants. Strata fees are moderate for the area, and the building’s 1971 vintage means some shared components may need attention over time. The floor level, aspect, and exact fitout of this particular unit are not confirmed, so those details should be verified before forming a final view on price.
|| Comparable Sales: 3/383 Cross Road sold $475k; 1/383 Cross Road sold $430k | Property Price Band: $400k–$500k | Value Drivers: renovation level, floor position, balcony or outdoor space
Detailed Independent Property Report prepared by PropCred Analyst team for 14/383 Cross Road, Edwardstown SA 5039
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✕
2
Market Insight
Edwardstown presents a compelling proposition, positioned for growth with strong recent capital appreciation driven by a young professional demographic and its relative affordability within Adelaide’s western corridor. Demand is robust, supported by population growth and tight supply conditions, particularly for houses, which are seeing significant sales activity. Future growth is underpinned by these persistent supply constraints and sustained buyer interest, though the market’s sensitivity to interest rates and the potential for affordability pressures remain key considerations.
PropCred Estimated Value
Comparable Sales: 3/383 Cross Road sold $475k; 1/383 Cross Road sold $430k | Property Price Band: $400k–$500k | Value Drivers: renovation level, floor position, balcony or outdoor space
Bedrooms
2
Bathroom
1
Parking
1
Land
12m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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