16A Cowra Street, Mile End SA 5031
16A Cowra Street, Mile End SA 5031
3 bed 2 bath 3 car on 425m² | pool and air conditioning | 188m² building footprint | West Torrens residential pocket | no overlay constraints detected
This house holds a genuinely useful configuration for the inner-west market. The 3 car spaces are rare for the suburb, and the combination of a pool, three bedrooms, and a 188 square metre footprint gives it a practical edge over older character stock that often lacks parking or modern amenity. The 425 square metre allotment is workable, not oversized, which suits buyers who want outdoor space without heavy maintenance. The property sits comfortably within Mile End’s established residential character, and the lack of bushfire, flood, or heritage overlays simplifies any future renovation or extension work. It will most likely appeal to a family buyer or an owner-occupier looking for a move-in ready house close to the city, rather than an investor chasing high yield.
The estimated rent of $710 per week against a value around $1.04 million points to a modest gross yield, so this is not a property that will stack up on rental return alone. The building coverage at 44 percent is fairly efficient, but the pool may add upkeep costs that some buyers will factor into their offer. The absence of a stated construction year means the condition of the roof, electricals, and plumbing should be verified through inspection, as these could influence how much a buyer is willing to pay. The 3 car configuration may also carry a slight premium in this market, given how few comparable houses offer that level of parking.
|| Comparable Sales: 16 Cowra Street sold around $1.27M; 13 Cowra Street guided $950K–$1.02M | Property Price Band: $1.0M–$1.1M | Value Drivers: pool, 3 car parking, 425m² land with no overlay constraints
Detailed Independent Property Report prepared by PropCred Analyst team for 16A Cowra Street, Mile End SA 5031
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Mile End SA 5031, positioned close to Adelaide CBD with strong road connectivity via South Road, is attracting young professional singles aged 19–30, mostly renters. The market is overheated: median house price is $1.1M with 15.3% annual growth, while units hit $580,158 with 15.4% growth. Stock is exceptionally tight, with 0% on market and houses selling in as few as 34 days; 99 properties sold in the past year, including a four-bedroom home at $1.6M. Demand is driven by infrastructure access and supply scarcity, supporting further appreciation. However, affordability is the key constraint—median house prices now sit well above typical professional incomes in the area—while rising rents and rate sensitivity pose additional risk.
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PropCred Estimated Value
Comparable Sales: 16 Cowra Street sold around $1.27M; 13 Cowra Street guided $950K–$1.02M | Property Price Band: $1.0M–$1.1M | Value Drivers: pool, 3 car parking, 425m² land with no overlay constraints
Bedrooms
3
Bathroom
2
Parking
3
Land
425m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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