21 Silvermere Terrace, Modbury Heights SA 5092
21 Silvermere Terrace, Modbury Heights SA 5092
1970s family home | Fully renovated interiors | Large 716m² block | Dual secure parking
This house presents a competitively strong offering for a family or long-term occupant, due to its substantial land holding in a established suburb paired with a comprehensive, high-quality renovation. The complete renewal of key living areaskitchen, bathroom, laundry, and flooringremoves immediate capital expenditure for a buyer and delivers modern convenience. The configuration, with multiple living zones, large covered entertaining, and versatile rear garage space, supports a family lifestyle. Its position within walking distance to schools and reserves solidifies its utility.
The primary decision point is the price premium commanded by the recent renovations, which must be justified against the broader suburb price ceiling. The sales history indicates significant appreciation; future gains will rely on general market movement rather than value-add potential. It is a low-maintenance, turnkey property best acquired at a price that recognises the renovation cost is already captured. Secure it for long-term occupation to amortise the entry cost, as its rental yield does not support a strong investment-led purchase.
Sales history shows rapid appreciation: $301.5k in Feb 2019, followed by $556k in Nov 2021. This steep climb suggests the suburb has seen strong growth, and the current asking price will test the market’s acceptance of further gains post-renovation.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Silvermere Terrace, Modbury Heights SA 5092
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Modbury Heights is a family-focused suburb in Adelaide’s northeast corridor, with strong capital growth of 10.65% annually driving its median house price to $852,000. Demand is anchored by owner-occupiers upgrading for its transport links and by investors targeting a robust 4.12% gross rental yield, supported by a tight rental market with a 0.34% vacancy rate. However, this rapid price growth introduces rate sensitivity, while limited supply, evidenced by just 39 median days on market, pressures affordability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
716m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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