2 Whelan Avenue, Camden Park SA 5038
2 Whelan Avenue, Camden Park SA 5038
Mid-century house | high building coverage | 3b2b on compact lot | strong rental yield | 5G coverage
This property presents a competitively dense, low-maintenance housing solution on a sub-400sqm block, maximising internal living area relative to its land parcel. Its configuration as a three-bedroom, two-bathroom house with recent updates appeals directly to small families or investors seeking a turnkey entry into the established Camden Park locale, supported by proximity to schools and strong rental demand evidenced by the yield.
The primary risk is the compressed land component, which historically limits capital growth relative to larger lots in the area, while the conflicting build year data suggests due diligence is required. The opportunity lies in securing a high-utility property with immediate rental income; it is a hold proposition for an investor targeting yield over land banking, or a pragmatic purchase for an owner-occupier prioritising space over garden.
Sales history indicates significant equity growth for the vendor:
– Sep 2016: $279,000
– Dec 2006: $313,000
– Sep 1993: $120,000
This trajectory underscores the suburb’s long-term appreciation, though the last sale eight years ago places a premium on accurate current valuation against recent comparable sales.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Whelan Avenue, Camden Park SA 5038
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
✓
Execution Risk
✕
2
Insight: Camden Park SA 5038
Camden Park is a family-oriented suburb in Adelaide’s west, with a median house price of $905,000. Demand is driven by young professionals and families, evidenced by 47 annual house sales. However, the market has softened, with prices declining -2.5% to -5.2% annually and houses taking 63 days to sell. Future interest hinges on sustained rental demand, with yields at 3.2%, but key risks include affordability pressures and very low current sales listings constricting supply.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
355m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst