2 Fifth Avenue, Warradale SA 5046

2 Fifth Avenue, Warradale SA 5046
1964-built 3-bed house | 641mΒ² large lot in Warradale | 6-car garage capacity | Flood overlay present | Brighton Secondary catchment This property presents a strong proposition for a buyer seeking space and location in a tightly held suburb. Its lot size is substantially larger than typical offerings on the street, providing immediate scarcity value and future flexibility. The six-car garage capacity is a significant functional advantage for a family with multiple vehicles or hobbyist needs. The home suits a buyer prioritizing internal living space over contemporary finishes, with the established garden and single-level layout catering well to a long-term owner-occupier. The primary investment risk is the identified flood overlay, which necessitates specific due diligence on insurance premiums and potential building restrictions. The 1964 construction era suggests upcoming capital expenditure on roofing and systems. The commercial logic rests on securing a large parcel in a sought-after school zone, where land value will anchor long-term appreciation. Proceed with a conditional offer contingent on building and pest inspections, and utilize a property report to validate the flood overlay implications, obtain accurate comparable sales, and assess true holding costs against the quoted price range.

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

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Market Insight:

Warradale is a well-established suburb experiencing strong price growth, driven by high demand from professionals and childless couples. This demand is supported by a tight rental market and low vacancy rates, indicating sustained pressure on housing supply. Recent sales activity has been robust, reflecting a competitive environment. Future growth is underpinned by these demographic and supply dynamics, though the rapid price appreciation introduces sensitivity to economic conditions and affordability constraints.
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PropCred Estimated Value

Bedrooms

-

Bathroom

-

Parking

-

Land

642mΒ²

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