239 Gilles Street, Adelaide SA 5000
239 Gilles Street, Adelaide SA 5000
This is a ground-level duplex unit built in 2004 on a 65m² lot within a heritage block. It offers three bedrooms, two fully renovated bathrooms including an ensuite, and two car spaces. The property is located in the Adelaide council area with no flood or bushfire overlay.
The duplex configuration on a small heritage lot is rare for this inner-city location, and the fully renovated bathrooms and ensuite give it a quality finish that stands out among similar-aged attached dwellings. Its position within a shared heritage structure adds character and stability to the streetscape, which typically appeals to buyers who value location and low-maintenance living over land size. The property sits above the typical price point for the suburb, reflecting its scarcity, renovation quality, and proximity to the CBD and Adelaide High School. It is best suited to professionals or investors seeking a high-yield, low-upkeep unit in a sought-after school catchment.
The small lot size and attached nature may limit privacy and outdoor space, which could affect appeal for families or those seeking a detached home. Heritage overlay restrictions might constrain future modifications or extensions, so buyers should confirm what changes are permissible. The property’s value is supported by strong rental demand in the area, but the lack of private yard space and higher density setting may narrow the buyer pool. These factors should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 239 Gilles Street, Adelaide SA 5000
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Adelaide’s market is defined by exceptionally tight supply, creating a competitive environment that is driving strong price growth across both houses and units. Demand is underpinned by a diversified local economy and relative affordability compared to eastern capitals, attracting both active buyers and new entrants. This supply-demand imbalance, coupled with improving borrowing conditions, supports sustained upward momentum. However, sharply rising entry prices present a significant constraint for first home buyers, while limited new listings and construction timelines continue to pressure overall market activity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
65m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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