16 Murray Cres, Smithfield Plains SA 5114
16 Murray Cres, Smithfield Plains SA 5114
Compact detached house | ~290 m² allotment | small-lot estate pocket | strong rental demand | flood overlay possible
This property sits in a modern infill-style pocket where compact detached houses dominate, and it suits buyers wanting a low-maintenance family home with solid rental appeal. The configuration is likely three to four bedrooms with one to two bathrooms, which matches what most households in this area are looking for. The land size is efficient rather than generous, but that keeps the entry price more accessible while still delivering a freestanding house. First-home buyers and investors are the most natural fit here, given the balance of purchase price and achievable rent. The street reads as a cohesive, newer estate environment, which tends to hold appeal for tenants and owner-occupiers alike.
The flood overlay noted on nearby lots may or might apply to this parcel, and that could influence insurance costs or future development flexibility. The small allotment limits any land-banking potential, so the value sits mostly in the dwelling itself. Presentation and internal condition will matter more here than in larger-lot suburbs, since the house is the primary driver of price. A buyer should weigh whether the rental yield justifies the price band, and whether the compact layout meets their needs long-term. The absence of confirmed build year or finishes means the physical inspection will carry real weight in forming a view.
|| Comparable Sales: 14 Murray Cres around $700k; 6 Murray Cres near $640k | Property Price Band: $650k–$750k | Value Drivers: dwelling condition, layout efficiency, flood overlay status
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Murray Cres, Smithfield Plains SA 5114
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Smithfield Plains is a lower-priced northern Adelaide suburb where demand is driven by young families and a high renter share, including a high proportion of single-parent households. Median house prices are between $581,000 and $592,500, with annual growth reported at 27% over the past year, 15% compound, and 12% capital growth. Sales volume ranges from 62 to 109 annually. Houses average 38 days on market, a 4.2% gross rental yield, and median weekly rent of $570. Transport, infrastructure, supply, vacancy, and rate-sensitivity data are unavailable, so future growth drivers and downside risks cannot be quantified.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 14 Murray Cres around $700k; 6 Murray Cres near $640k | Property Price Band: $650k–$750k | Value Drivers: dwelling condition, layout efficiency, flood overlay status
Bedrooms
3
Bathroom
2
Parking
1
Land
290m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!