19 Alabar Cres, Globe Derby Park SA 5110

19 Alabar Cres, Globe Derby Park SA 5110
4 bed | 1977 build | 1416sqm block | rural-urban edge | solar + shed + workshop | 6 car spaces The property’s primary buying case rests on its unusually large 1416sqm lot in a suburb that balances rural feel with city access, a configuration that is increasingly rare near Adelaide. The 345sqm building envelope, including a shed and workshop, provides genuine space for a family with hobbies, vehicles, or small-scale trade use, which standard suburban blocks cannot offer. Ducted heating and cooling, solar panels, and two living areas make it immediately liveable without major retrofit, serving buyers who want room to move without a full renovation project. The main risk is the 1977 build age, which may bring hidden maintenance costs in plumbing, electrical, or roofing that a newer home would avoid, and the lot’s size could deter buyers seeking low-maintenance living. The previous 2021 sale at $585,000 shows strong capital growth, but current market conditions may test further upside. For a buyer, the commercial logic is to hold this property as a long-term family home or future subdivision candidate, given the zoning flexibility, rather than flip it quickly.

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

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Market Insight:

This tightly held suburb, with a small and predominantly older population, presents a market defined by scarcity. Demand is driven by local tradespeople and established households earning above-average incomes, favouring low-turnover, owner-occupied housing. The median house price sits at a premium level, reflecting limited stock and zero average days on market, indicating strong buyer competition for the few available listings. A very low vacancy rate and a modest gross rental yield suggest a tightly supplied rental market. Future growth is constrained by the absence of major transport or infrastructure catalysts and a reliance on a narrow buyer demographic, limiting broader price appreciation.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

6

Land

1416mยฒ

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