21 Mclachlan Avenue, Glenelg North SA 5045
21 Mclachlan Avenue, Glenelg North SA 5045
4 bed, 2 bath, 4 car on 715m² | detached house, not strata | larger block for the street | established coastal suburb, family demand | school proximity noted
This is a substantial detached house on a genuinely generous 715 square metre allotment, which is becoming increasingly uncommon in this part of Glenelg North. The four-car accommodation is a rare practical advantage for families with multiple vehicles, a boat, or a trailer, and it sets the property apart from the compact units and townhouses that dominate much of the local inventory. Given the older housing stock in the immediate area, this property likely offers scope for renovation or extension, and it will appeal most strongly to family buyers who want land, space, and proximity to the Glenelg lifestyle without being in the thick of the tourist strip. The school catchments are a practical plus, with St Leonards Primary and Plympton International College both within a few kilometres, which broadens its appeal to households with children.
The absence of a confirmed build year means the buyer should budget for possible updates to the original structure, and the condition of the interior will be the single biggest swing factor in how the property is priced. The large block might also offer subdivision potential, depending on council zoning, and that possibility could justify a premium for an investor or developer-minded buyer. Rental demand in the area is solid, with older houses on this street achieving around $640 to $670 per week, so the property should hold its own as an income-producing holding if that is the buyer’s intent. The main constraint is that the property’s value will be shaped by how much work is needed, so a thorough building inspection is advisable before forming a final view on price.
|| Comparable Sales: 25 McLachlan Avenue, 3 bed, 1 bath, 680m², est. $1.16M; 5/3 St Annes Terrace, 2 bed unit, 163m², sold $750K | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, condition of original structure, four-car parking, subdivision potential
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Mclachlan Avenue, Glenelg North SA 5045
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Glenelg North presents a premium coastal market with a clear price hierarchy between houses and units. Demand is anchored by buyers seeking established homes, evidenced by strong annual capital growth for houses and consistent sales activity. The market demonstrates resilience with steady price appreciation, though houses transact more deliberately than the broader market. Future performance is underpinned by its enduring coastal appeal, yet investors should note the differential in rental yields between property types.
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PropCred Estimated Value
Comparable Sales: 25 McLachlan Avenue, 3 bed, 1 bath, 680m², est. $1.16M; 5/3 St Annes Terrace, 2 bed unit, 163m², sold $750K | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, condition of original structure, four-car parking, subdivision potential
Bedrooms
4
Bathroom
2
Parking
4
Land
715m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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