23A Cooke Street, Modbury SA 5092
23A Cooke Street, Modbury SA 5092
3-bedroom new-build townhouse | Modbury heart | best offers due 11 May | 10 days on market
This is a near-new, low-maintenance townhouse in a tightly held pocket of Modbury, appealing most to first-home buyers and investors seeking a lock-and-leave position. The three-year-old construction removes immediate capital outlay for repairs, and the subdivision configuration as 23A suggests a smaller footprint that keeps entry pricing below the adjacent 23 Cooke Street’s $1M+ sale. Proximity to Modbury South Primary School adds rental demand stability.
The main risk is the lack of disclosed land size or floor plan-buyers must verify whether the 344m² block refers to the parent property-and the “best offers” campaign with a short 10-day market exposure may compress due diligence. A clear opportunity lies in negotiating before the 11 May deadline if competing interest is muted, particularly as spring inventory builds. Hold this property for steady rental yield or as a starter home with minimal upkeep.
Detailed Independent Property Report prepared by PropCred Analyst team for 23A Cooke Street, Modbury SA 5092
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Modbury is a well-connected, family-oriented suburb attracting young professionals, which underpins strong demand. This demographic is driving robust price and rental growth, particularly in the unit segment, reflecting a dynamic market. Recent conditions show sustained momentum with properties transacting steadily. Future growth is supported by this entrenched demand profile, though affordability pressures and interest rate sensitivity present notable constraints given current price levels.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
322m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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