14B Carribean Terrace, Modbury Heights SA 5092
14B Carribean Terrace, Modbury Heights SA 5092
Modern row house | 2017 built | ducted reverse cycle | near O-Bahn & schools | low-maintenance courtyard
This property presents a competitively strong, low-maintenance housing solution in a family-established suburb. Its 2017 construction with premium finishes like ducted heating and cooling, a modern kitchen, and a single-level layout is rare for the price point in this format, serving first-home buyers or downsizers seeking modern convenience without compromise. The proximity to the O-Bahn interchange and quality schools anchors its enduring appeal to owner-occupiers and supports consistent rental demand, evidenced by its prior tenancy.
Proceed with the understanding that its strata-titled row house configuration on a 236mยฒ lot inherently limits land value appreciation and subjects you to owners corporation fees and bylaws. The single car space may constrain future resale to multi-vehicle families. For a buyer, the commercial logic is to hold this as a long-term, low-effort residence or a stable rental; it is not a high-growth land play. The judgment is to acquire at a disciplined price below the current guide, as its value is in its quality and function, not its underlying land.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 14B Carribean Terrace, Modbury Heights SA 5092
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.