2 Clovelly Avenue, Hove SA 5048
2 Clovelly Avenue, Hove SA 5048
4 bedrooms, 2 bathrooms, 4 car spaces on 1014 square metres. Built 1952, single level, deep land profile with dual living zones. Estimated value $1,580,000.
This property holds a rare combination in Hove: a substantial land parcel that is more than double the typical block size in the area, paired with a four-bedroom single-level layout that already offers modern interiors. The deep lot and dual living zones give it flexibility that most nearby homes lack, making it a strong candidate for families needing space or buyers looking at future subdivision potential. It sits quietly in an established residential street, close to Glenelg beaches and schools, which supports steady demand from middle-to-high-income households aged 35 to 55. The property serves best as a long-term family home or a high-value investment with renovation or redevelopment optionality.
The 1952 construction date may mean ongoing maintenance requirements, even with modern updates, and the older structure could limit immediate financing options for some buyers. The large land size may attract higher council rates, and while the four-car garage adds utility, it does not necessarily command a premium in this market. Rental yield sits around 3.5 to 4.0 percent, which is moderate for the price point, so investors should weigh capital growth potential against income return. The property’s positioning on a deep lot might also present future subdivision opportunity, but that depends on council zoning and buyer appetite for a longer-term project.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Clovelly Avenue, Hove SA 5048
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Hove presents as a mature, low-turnover coastal suburb with a stable, predominantly professional demographic. Demand is underpinned by established families and downsizers, attracted by its coastal positioning and low vacancy rates. Recent price trends indicate solid growth, supported by constrained supply and consistent sales activity. Future growth is linked to its enduring appeal and limited rental stock, though affordability pressures from higher interest rates and modest new supply pose potential constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
1014m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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