174 Carey Gully Road, Mount George SA 5155

174 Carey Gully Road, Mount George SA 5155
Solid brick 1963 construction | 2450sqm block on a quiet owner-occupied street | first sale in 30 years | no bushfire or flood overlay detected | eastern ridge position with morning light This property offers a rare configuration edge in Mount George: a solid brick house on a full quarter-acre block, with no detected bushfire or flood overlays-unusual for the Adelaide Hills. The 249sqm building footprint leaves significant land for future use, while the 5m roof height and 454m elevation provide a structural and positional buffer. For a buyer seeking a stable, long-term holding in a 100% owner-occupied street, this is a quiet but defensible entry point. The newly polished floors and fresh paint reduce immediate reno pressure, and the reverse-cycle air conditioning supports year-round comfort. It best suits a buyer who values privacy, space, and a low-risk land position over a turnkey interior. The main risk is that the house is original 1963 build condition beyond surface updates-expect eventual kitchen, bathroom, and electrical upgrades that carry a cost premium in the Hills. The lack of recent comparable sales on Carey Gully Road means price discovery is untested, which works for a patient buyer but not for a quick flip. The opportunity lies in the land: 2450sqm with no overlay constraints allows for a future subdivision or extension without rezoning risk. Hold this property for the land, not the house; the structure is a serviceable base while the block builds long-term value.

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

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Nestled in the Adelaide Hills, Mount George is an exclusive, tightly held enclave defined by its scarcity. Demand is driven by downsizers and affluent families seeking acreage, drawn to the privacy and space that command premium pricing. The market is exceptionally thin, with only three house sales in the past year, yet median values for three-bedroom homes sit at a high watermark of $2.7 million, reflecting a deep well of buyer capital. A five-bedroom property commands $3.75 million, underscoring the premium on scale. With a modest rental poolโ€”a single three-bedroom listing at $750 weeklyโ€”the suburb offers limited turnover. Future constraints are rooted in this very illiquidity; the absence of recent growth data and a low population of 276 suggest a market resistant to rapid change, where price discovery hinges on individual transactions rather than broad trends.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

2450mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat