2/25 Greenwood Drive St Agnes SA 5097
2/25 Greenwood Drive St Agnes SA 5097
1976-built unit | 2 beds, 1 bath, 2 car spaces | 345m² lot size edge | Fully fenced courtyard | Banksia Park High catchment
This unit presents a competitively strong offering for a first buyer or downsizer, anchored by its unusually large private lot and dual car spacesa configuration rare for its type that provides tangible space and storage utility. The fully fenced courtyard and shed enhance its liveability, positioning it as a low-maintenance yet practical home in a established family catchment, best serving those seeking security and space without garden upkeep.
The primary decision risk is the significant premium in the asking price against both its estimated value and recent comparable sales, demanding an immediate valuation assessment to justify the gap. Its age necessitates a focused building inspection for latent defects, while the lot size discrepancy between sources requires council record verification. Proceed only with a strategy to secure it within the evidenced valuation band, treating it as a long-term hold to amortize renovation costs. Our property report would ground your offer with a real market valuation, a tailored due diligence checklist for 1970s constructions, and precise locality risk mapping for insurance.
Nearby 25 Greenwood Drive (house) estimated at $859,000. Another St Agnes unit listed at $490,000-$530,000. This context underscores the subject unit’s asking range is notably elevated, requiring disciplined negotiation anchored to lower-priced comparables.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/25 Greenwood Drive St Agnes SA 5097
Market Insight:
St Agnes presents as a well-established, mature suburb with a stable owner-occupier base. Demand is underpinned by this established demographic, with strong recent price growth and tight rental conditions evidenced by a very low vacancy rate. The market has demonstrated robust capital appreciation, though a significant recent increase in stock for sale suggests a potential shift in momentum. Future growth will be influenced by the suburb’s appeal to upsizers and the ongoing pressure on the limited rental supply.