22/193 Ladywood Road, Modbury Heights SA 5092
22/193 Ladywood Road, Modbury Heights SA 5092
| Modbury Heights unit | 1991 build | 2-bed, 1-bath | secure carport | walking distance to reserves |
This property offers a rare combination of a secure single-level layout and a low-maintenance 212sqm lot, which gives a buyer a clear edge over newer apartment stock that often sacrifices private outdoor space. The open-plan living with a bay window and mid-tone floorboards feels more generous than the 95sqm footprint suggests, and the separate toilet alongside the central bathroom is a practical advantage for shared living. It suits first-home buyers or downsizers who want a lock-and-leave holding without strata complexity, and the catchment for The Heights School adds a layer of demand that supports resale liquidity.
The 1991 build means older insulation standards and potential for higher energy costs, which the buyer should budget for even with the split-system air conditioning. The carport arrangement is adequate but not generous, and the lot size limits any future extension without council variance. On the opportunity side, the established low-maintenance gardens and direct rear yard access from the laundry reduce ongoing upkeep and improve rental appeal. The NBN and 5G coverage support remote work, but are not primary value drivers. This unit is best held as a long-term owner-occupied base or a low-effort rental, not a flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 22/193 Ladywood Road, Modbury Heights SA 5092
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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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
2
Bathroom
1
Parking
1
Land
212m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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