23 Tatura Court, Craigmore SA 5114
23 Tatura Court, Craigmore SA 5114
No recent sales record | price near suburb median | limited data on renovations | buyer must verify condition and permits for extension
The property’s asking price is within the estimated range, but the absence of recent sales history creates valuation uncertainty. The 1998 purchase price offers no current benchmark, so buyers must rely on broader suburb trends. This is a hold-and-improve property: its value is tied to the land and potential for extension, not the existing house condition.
The reserve frontage and school catchment are competitive advantages rarely found at this price point. The double-length carport and rear verandah add practical livability that appeals to first-home buyers and downsizers seeking single-level living. The solar system reduces ongoing costs. For investors, the yield is acceptable but not exceptional, making owner-occupiers the strongest fit.
The comparable sale at 3 Tatura Court (620sqm, 3 bed) estimated at $670K–$790K suggests this property’s smaller two-bedroom layout and slightly lower land size justify the $649,950 asking price. The lack of recent sale data means independent building and pest inspections are non-negotiable before proceeding.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Tatura Court, Craigmore SA 5114
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Craigmore is a family-oriented suburb with a stable, established demographic, where demand is primarily driven by owner-occupiers, particularly families. This has supported robust recent price growth and a competitive sales environment with properties transacting efficiently. Future performance will be influenced by continued household income growth, though a high proportion of mortgaged owners indicates sensitivity to economic conditions.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
4
Land
560m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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