21/761 Port Road, Woodville SA 5011

21/761 Port Road, Woodville SA 5011
1 bed | 1 bath | 1 car | 12 mยฒ lot | $375k sale Apr 2024 | arterial road address This property is a compact entry-level apartment in Woodville, a suburb that offers good connectivity to Adelaide’s western corridor. Its 1/1/1 configuration is competitively strong for first-home buyers or investors seeking low-maintenance holdings, as it provides a rare combination of parking and a small footprint in a location where detached houses dominate. The April 2024 sale at $375,000 suggests the market has already validated its price point for this format, and the unit likely appeals most to those prioritising access over internal space or outdoor area. The Port Road frontage may materially affect value through traffic noise and reduced street appeal, which could temper future price growth compared to quieter pockets. The very compact 12 mยฒ lot limits any potential for expansion or outdoor amenity, so the property’s value is tied almost entirely to its internal condition and location convenience. Buyers should weigh whether the low maintenance advantage outweighs the arterial-road exposure when forming a view on price, as resale demand might be narrower than for similar units in quieter streets.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 21/761 Port Road, Woodville SA 5011
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Market Insight:

Woodville’s inner-west positioning, 10 minutes from the CBD, is underpinned by exceptional house price growth, with a median of approximately $1.3 million reflecting annual growth near 50%. This surge is driven by strong family demand, as indicated by 64% growth insights positioning the suburb as ideal for this demographic. The market is active, with houses selling in a median of 42 days, though unit growth is more subdued at 4%. Future growth is linked to its established transport links, while the high proportion of mortgaged owners suggests potential sensitivity to interest rate changes.
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PropCred Estimated Value

Bedrooms

1

Bathroom

1

Parking

1

Land

12mยฒ

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