19 Blackburn Street, Reynella SA 5161
19 Blackburn Street, Reynella SA 5161
Large 824m² block | 249m² detached house | Reynella East College catchment | Est. $645/wk rent | No overlay risk detected
This property holds a genuine competitive edge in Reynella because of its land-to-building ratio. At 824m² with a 249m² footprint, it sits at the larger end of the suburb’s detached housing stock, which is predominantly mid-size homes on generous allotments. That extra land translates into real flexibility—room for a shed, pool, extended parking, or a future subdivision conversation, depending on council appetite. The house itself is substantial enough to appeal to families who want space without an immediate renovation, and the school catchment adds a practical layer of buyer demand. It best serves owner-occupiers looking for established homes with room to grow, or investors seeking a solid rental yield in a family-oriented pocket.
The estimated $874,000 value and $645 weekly rent imply a gross yield near 3.8%, which is workable but not exceptional for the area. The lack of verified build year or interior finish details means condition could swing the final price noticeably—a well-presented interior might justify a premium, while dated finishes could invite negotiation. The FTTN connection, rather than full fibre, may matter to some buyers, though 5G coverage offsets that concern. The street’s mix of older stock and some redevelopment interest suggests the land component will hold value even if the house requires updates. Buyers should weigh how much they value the land versus the existing dwelling’s condition.
|| Comparable Sales: 4 Blackburn St sold $895k (696m²) | 21 Blackburn St listed ~$1.058M (875m²) | Property Price Band: $850K–$950K | Value Drivers: land size, presentation, renovation potential
Detailed Independent Property Report prepared by PropCred Analyst team for 19 Blackburn Street, Reynella SA 5161
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Reynella, in Adelaide’s southern corridor, has a 41% couple-with-children household share and 47% of residents are purchasers. Demand comes from 30-39 year-old trades and professionals earning $78k–$130k; median household income grew 18.9% since 2016. House prices reached $800,000, compounding at 15.9% annually, with 26 average days on market and 103 sales in the past year. Owner-occupier demand is strong, but unit supply data is unavailable and transport/school infrastructure information is limited. Prices rose 12.1% in 12 months; future growth hinges on income growth sustaining against affordability constraints.
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PropCred Estimated Value
Comparable Sales: 4 Blackburn St sold $895k (696m²) | 21 Blackburn St listed ~$1.058M (875m²) | Property Price Band: $850K–$950K | Value Drivers: land size, presentation, renovation potential
Bedrooms
3
Bathroom
1
Parking
2
Land
820m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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