2 Mair Street, Wallaroo SA 5556
2 Mair Street, Wallaroo SA 5556
2-bed cottage | 1870 build | 268sqm block | 97sqm house | secure parking
This is a genuinely rare offering in Wallaroo: a small-footprint, older cottage with a 36% building coverage that leaves a fully fenced yard intact. Its 1870 build date gives it a character absent from most modern stock, while the three car spaces—two under cover—are a practical advantage in a coastal township. The house best suits a downsizer, holiday buyer, or investor seeking low-maintenance living with period charm, as the compact size reduces upkeep without sacrificing a private outdoor area.
The 268sqm land size may limit future expansion, and the older structure might require attention to insulation, wiring, or plumbing that is not reflected in the listing. The absence of heritage or flood overlays is a positive, but the small bedroom count could narrow buyer interest in a family-oriented market. Rental yield near 4.8% is reasonable for the area, though achieving that figure depends on the condition of finishes and fixtures, which are not detailed in available records.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Mair Street, Wallaroo SA 5556
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Wallaroo presents as an affordable coastal market with a mature demographic, where demand is primarily driven by older, established buyers, many of whom are childless couples and outright owners. This has supported a market with solid recent price growth and a healthy sales volume, indicating sustained interest. Future performance will hinge on its appeal to this demographic segment, though a relatively high proportion of mortgage-free properties may insulate the market from immediate rate sensitivity, balancing the constraint of limited new supply.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
3
Land
268m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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