2 Gaffney Place, Hectorville SA 5073
2 Gaffney Place, Hectorville SA 5073
This three-bedroom, one-bathroom house built in 1964 sits on a 739 square metre allotment on a quiet residents-only street in Hectorville. Solid brick construction, single-story with three car spaces and approximately 107 square metres inside. Currently tenanted until August 2026. Its rear positioning offers rare privacy and the land size is notably spacious in this established eastern suburb.
The large land holding and private position are considered the strongest features of this property. The residents-only street and rear setback create a secluded environment that is increasingly uncommon in Adelaide’s east. The solid brick build is seen as a dependable foundation, suitable either for renovation or long-term holding. In Hectorville this property occupies one of the more generous plots within a well-settled residential pocket known for its mid-century character and family appeal. It serves investors or families who value land area and quiet living, with the existing lease providing immediate income certainty.
The value of this house may be substantially weighted toward its land, given the 1964 construction likely retains original finishes. The single bathroom might limit appeal for some households, and the modest rental yield suggests future appreciation could be driven more by land scarcity than by income produced. The existing lease until 2026 restricts immediate owner-occupancy but ensures steady cash flow. Inspection of the property’s condition is recommended, as no major updates are confirmed in available records
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Gaffney Place, Hectorville SA 5073
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Hectorville is a well-established suburb attracting young professional families, evidenced by its dominant demographic and high proportion of family households. Demand is driven by this demographic seeking family-suitable housing, supported by strong recent capital growth. The market demonstrates solid activity with consistent sales volume, though properties move at a measured pace. Future growth is underpinned by sustained buyer interest, while considerations include mortgage exposure among existing owners and the balance between supply and demand.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
739m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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