15 Aistrope Avenue, Modbury North SA 5092
15 Aistrope Avenue, Modbury North SA 5092
Compact 3-bedroom house on 300m² | Contemporary lower-maintenance build | Tight rental demand in an established suburb | Smaller land footprint than older local stock | Suits owner-occupiers and investors alike.
This property occupies a genuinely useful position in Modbury North’s current market. The 3-bedroom, 2-bathroom, 2-car configuration on a 300m² allotment is a more modern, efficient layout than much of the older detached housing nearby, which tends to sit on larger blocks with more dated interiors. That gives it a clear edge for buyers who want a newer, lock-and-leave style home without the upkeep of a big yard. The tight vacancy rate and solid weekly rent levels in the area suggest it would also perform well as a rental, should that be the intention. It is best suited to a first-home buyer, a downsizer, or an investor looking for something with contemporary appeal and minimal maintenance demands.
The value picture here may hinge on how the smaller land size is weighed against the newer build quality. Houses on larger blocks in the suburb often attract a premium for redevelopment potential, but this property’s appeal is more about the dwelling itself than the land beneath it. The absence of confirmed details on internal finishes, aspect, and build year means the final price might be influenced heavily by presentation and condition once inspected. Buyers should consider whether the compact footprint feels sufficient for their needs, and how the property’s modern character compares to older, larger homes that may offer more space but require renovation.
|| Comparable Sales: 7 Aistrope Avenue sold at $875,000 for a 1966-built 4-bedroom on 716m² | Property Price Band: $1.0M–$1.1M | Value Drivers: modern configuration, land size relative to newer stock, and overall condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Aistrope Avenue, Modbury North SA 5092
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Modbury North, in Greater Adelaide, is a family-dominated suburb with 44% couples with children and a buyer mix led by professionals and trades. Tight supply — vacancy at 0.37% and 4-9 rentals — sustains demand. House prices gained 14.0% annually to a $837,500 median, with 46 median days on market. Future growth drivers include population growth of 1.42% and constrained unit stock; however, affordability is stretched with prices from $774k to $850k against a median weekly income of $1,596, and annual sales volumes of 65-114 signal a thin market.
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PropCred Estimated Value
Comparable Sales: 7 Aistrope Avenue sold at $875,000 for a 1966-built 4-bedroom on 716m² | Property Price Band: $1.0M–$1.1M | Value Drivers: modern configuration, land size relative to newer stock, and overall condition and presentation
Bedrooms
4
Bathroom
2
Parking
5
Land
300m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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