16 Florence Street, Murray Bridge SA 5253

16 Florence Street, Murray Bridge SA 5253
4-bed family home on large 1004mΒ² block | dual living areas | modernised kitchen & bath | 5-car accommodation This house presents a competitively strong proposition for a family or multi-vehicle household seeking space and separation on a substantial, flat block. The dual living areas and modernised core areas are functional advantages, while the five-car capacity is a rare and valuable attribute in this market. It best serves an owner-occupier who will utilise the land and internal volume, as the scale exceeds typical rental demand. Discrepancies in recorded bedroom count, floor area, and land size introduce valuation risk, complicating finance and resale. The current asking price sits significantly above the estimated market value, presenting an immediate negotiation hurdle. Proceed only with a disciplined price ceiling reflective of verified dimensions and recent local sales, treating this as a long-term hold to amortise the land value.

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

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Market Insight:

Murray Bridge is a top-performing regional market with strong momentum, driven by sustained demand for smaller, more affordable homes. This has propelled house prices to record highs and pushed weekly rents to new peaks. The suburb’s appeal to a younger demographic seeking value is a key growth driver, though the increasing supply of larger new builds presents a moderating influence on future rental growth for existing stock.
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PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

4

Land

1004mΒ²

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