14A Daly Street, Wallaroo SA 5556

14A Daly Street, Wallaroo SA 5556
3-bed house on 455mΒ² lot | Transparent listing with search band | Adjacent recent sale at notably lower price This house presents a standard offering for Wallaroo, with its primary competitive strength being the transparent pricing mechanism, which signals seller flexibility within a defined range. The lot size is above average for the suburb, offering future subdivision or extension potential, best serving an owner-occupier seeking space or a long-term holder comfortable with coastal market cycles. The absence of detailed feature descriptions, however, suggests the property is unrenovated and priced primarily for its land component. The material risk is price validation, as a directly comparable adjacent property sold for $380,000 just five months prior. This discrepancy demands a rigorous appraisal to justify the current ask, as you risk overcapitalising immediately. The opportunity lies in acquiring a large block below replacement cost, but only at a corrected entry point. Treat this as a long-term land play; the house itself is likely a depreciating factor requiring capital. A nearby sale provides critical context for price benchmarking: * 14 Daly Street, Wallaroo: Sold for $380,000 in December 2023. This 3-bed, 1-bath house included a 2-car space. This comparable suggests the subject property’s current asking price requires substantial justification, likely based on superior condition, layout, or unseen improvements not captured in the basic data.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Wallaroo presents as an affordable coastal market with a mature demographic, where demand is primarily driven by older, established buyers, many of whom are childless couples and outright owners. This has supported a market with solid recent price growth and a healthy sales volume, indicating sustained interest. Future performance will hinge on its appeal to this demographic segment, though a relatively high proportion of mortgage-free properties may insulate the market from immediate rate sensitivity, balancing the constraint of limited new supply.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

461mΒ²

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