22 Florence Street, Fullarton SA 5063
22 Florence Street, Fullarton SA 5063
4 bedroom sandstone fronted bungalow on 704sqm, single level circa 1920, one bathroom, three parking spaces, Unley Council, no heritage overlays, catchment for Glenunga International High School.
This is a tightly held configuration in a blue-chip suburb. A four bedroom bungalow on a full size allotment is rare here, most newer stock sits on subdivided lots half this size. The sandstone frontage and period character are genuine differentiators, and the school catchment adds strong family appeal. This property suits a buyer who values land size and location over turnkey condition, and who is prepared to renovate or rebuild to unlock its full potential. It sits comfortably among the top tier of Fullarton offerings.
The single bathroom may be a functional constraint for a four bedroom home, particularly compared to modern expectations of two or more. Renovation or extension will require council consent, and while no heritage overlays are present, the period character may influence what is permitted. The land size does offer flexibility, but the value of the property will be shaped by how a buyer weighs the cost of bringing it up to standard against the premium for a large block in this catchment.
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Florence Street, Fullarton SA 5063
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Fullarton demand is driven by premium inner-south positioning near the Adelaide CBD, schooling access and lifestyle amenity, attracting affluent professional families and established owner-occupiers (~66% OO). The buyer profile supports price resilience but limits turnover and investor participation, with yields remaining low (~2.5%).
The key opportunity is tightly held, blue-chip supply with very limited listings, underpinning long-term capital stability. However, the primary risk is thin liquidity and reliance on owner-occupier cycles, where price signals are driven by a small number of transactions.
Recent trends show moderate growth (~7–8% annually) but short-term softening (negative quarterly movement), indicating a premium market stabilising after a strong run rather than accelerating further.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
3
Land
704m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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