15 Coxe Street, Milang SA 5256
15 Coxe Street, Milang SA 5256
C1900 sandstone character | 1350m² land | 4 bed family home | Milang location | 14 days on market
This property presents a competitively priced entry into Milang’s character housing segment, distinguished by its original c1900 sandstone façade and generous 1350 square metre land parcel. Its four-bedroom configuration and period features like lofty ceilings and fireplaces cater specifically to buyers seeking space and heritage charm, a profile less served by newer local stock. The pricing positions it as a value alternative to premium restorations, best suiting a long-term occupant who values authenticity over modern finishes.
Decision hinges on accepting the cost of modernising an older build without specific data on condition, while the land size offers future flexibility. The commercial logic is acquiring a scarce period property below recent premium sales, with a holding strategy of gradual improvement. Proceed with a building inspection to quantify renovation risk, as the underlying land and character provide a solid foundation for capital growth.
Nearby sales indicate a wide value range, confirming this property’s estimated position:
– 27 Coxe Street (3 bed, heritage): Sold Nov 2024 for $1,050,000
– 12 Coxe Street (4 bed, 1987): Estimated value $758,000
– 17 Coxe Street (3 bed, 2014): Listed $630k-$750k, estimated $688,000
– 5 Coxe Street (2 bed): Estimated value $409,000
The $645,000 ask for 15 Coxe Street is credible, sitting appropriately between basic and premium comparables, with its land size and age justifying a value above newer but smaller builds.
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Coxe Street, Milang SA 5256
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Milang presents as a tightly held lakeside village with a mature demographic profile, where demand is driven by families and downsizers seeking a lifestyle change. The market exhibits strong recent price momentum, supported by very low vacancy rates and a modest sales volume that underscores its limited turnover. Future growth is likely tied to its enduring lifestyle appeal, though its small population and constrained sales activity suggest a market sensitive to broader economic shifts.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
1350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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