17 Penong Avenue, Camden Park SA 5038
17 Penong Avenue, Camden Park SA 5038
Detached house on 616 m² | 4-car parking rare for suburb | 3-bed family layout | Mixed streetscape with redevelopment potential
This property holds a genuine competitive edge in Camden Park through its combination of a full-size detached house footprint and unusually generous parking provision. The four dedicated spaces immediately separate it from the villa and retirement-living stock that dominates much of the immediate area, giving it broader appeal to families needing room for multiple vehicles, a trailer, or workshop space. The 616 m² block also provides meaningful outdoor area that most nearby unit-style offerings cannot match, and the established residential setting suggests a stable neighbourhood with schools within practical distance. This house best serves an owner-occupier seeking a solid family base with room to adapt, or a renovator looking to lift a dated but sound structure into a higher-value proposition.
The value picture may be influenced by how the house presents internally, as the available information does not confirm finish quality, layout efficiency, or condition of key systems. A dated kitchen or bathroom could justify a price discount relative to polished comparables, while a well-maintained structure with original charm intact may hold firm. The land itself may offer extension or redevelopment potential, but this depends on zoning and overlay conditions that remain unverified. Buyers should weigh whether the four-car parking reflects a genuinely useful feature or simply an oversized driveway, and consider how the mixed streetscape—detached homes alongside villas—might affect long-term character and resale appeal. The moderate yield signals in the area suggest investor demand exists but is not exceptional, so owner-occupier competition will likely set the final price.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Penong Avenue, Camden Park SA 5038
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Camden Park is an Adelaide western-suburbs locality with direct road access to the city. Demand is driven mainly by professionals aged 20-29 with bachelor or certificate qualifications and incomes in the $78k-$130k band; families make up 58% of households and 52% of owners hold mortgages. House prices have cooled, with a median of roughly $905,000-$910,000 and annual declines of 2.5%-5.2%, while units median $611,000. Sales remain thin at 47 houses in the past year, and no listings were recorded last month, underscoring supply constraints. Rental demand is firmer: house rents median $685 weekly, up 5.4%, and gross yields are 3.2% for houses and 4.1% for units. Future growth is tied to ongoing buyer interest and rental pressure, but limited turnover and negative price growth point to affordability constraints and rate sensitivity risks.
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PropCred Estimated Value
Comparable Sales: 30 Penong Avenue sold 2021 on good-sized block; 21 Penong Avenue comparable 3-bed house on 614 m² | Property Price Band: $0.9M–$1.0M | Value Drivers: Land size and parking capacity, condition and renovation scope, streetscape position within mixed suburb
Bedrooms
3
Bathroom
1
Parking
4
Land
616m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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