2/9 Panmure Place, Woodville North SA 5012
2/9 Panmure Place, Woodville North SA 5012
Quiet rear unit | larger-than-typical floorplan | strong rental demand | low-maintenance appeal | city-fringe convenience
This unit stands out for its generous size within a small group of just five single-storey homes, offering more space than much of the older two-bedroom stock in the area. The floorboards, built-in robes, secure parking, and separate laundry give it a practical, move-in-ready feel that suits first-home buyers and downsizers alike. Its position at the back of the group adds privacy, while the tenanted status at $500 per week signals solid rental interest, making it equally attractive to investors seeking steady income without the upkeep of a standalone house.
The price band reflects the property’s improved condition and larger layout, but the real value drivers are the secure parking, the quiet rear position, and the strong rental yield potential. Strata costs around $500 per quarter are moderate and unlikely to deter buyers, though the lack of private outdoor space and shared ownership structure may limit appeal for those wanting more control. The property’s appreciation from earlier sales in the same building suggests the market has recognised its upgrades, and the current asking range aligns with that trajectory. Buyers should weigh the convenience of the location against the typical trade-offs of unit living, and consider how the long-term tenancy might affect immediate occupancy plans. The overall package is well-suited to those prioritising low-maintenance living with solid rental fundamentals, rather than those seeking a project or significant redevelopment potential.
|| Comparable Sales: 5/9 Panmure Place sold $231k in 2013; 2/9 Panmure Place sold $268k in 2018 | Property Price Band: $600k–$700k | Value Drivers: larger floorplan, secure parking, strong rental income
Detailed Independent Property Report prepared by PropCred Analyst team for 2/9 Panmure Place, Woodville North SA 5012
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Woodville North, an established Adelaide suburb anchored by Woodville Road and Hanson Road, is drawing buyers aged around 36, many with mortgages and smaller households. House prices sit near $820,500–$827,550, with annual growth estimates between 1.6% and 7.8%; units average $560,000 and grew 15.46%. Sales turnover remains thin at 29–33 houses and 13 units annually, with houses selling in 42–61 days. The rental market is unusually tight: vacancy is 0.25%, and weekly house rents range from $570 to $630. Rental demand is supported by 36% of residents renting. Future momentum hinges on limited supply—stock listings fell 50% year-on-year for houses, with only three properties for sale and six for rent last month. That scarcity supports prices but caps transaction volumes. Infrastructure is limited to local road access and agency presence, while school catchment quality remains unclear. The dominant risk is low stock, which could restrain turnover despite strong tenant demand.
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PropCred Estimated Value
Comparable Sales: 5/9 Panmure Place sold $231k in 2013; 2/9 Panmure Place sold $268k in 2018 | Property Price Band: $600k–$700k | Value Drivers: larger floorplan, secure parking, strong rental income
Bedrooms
2
Bathroom
1
Parking
1
Land
181m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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