23A Henry Street, Payneham SA 5070
23A Henry Street, Payneham SA 5070
23A Henry Street, Payneham is a 4-bedroom, 2-bathroom detached house on a 383 m² lot with 2 car spaces, built circa 1928 and likely renovated. The land dimensions are approximately 9.69 metres wide by 39.32 metres deep. This property sits in an established inner-suburban location with strong family demand and convenient access to amenities.
The configuration of this property is competitively strong for the family market, offering four bedrooms and two bathrooms on a single level. Its location within the Norwood Payneham and St Peters council area provides access to quality school catchments and established greenery. This house serves best buyers seeking a functional family home in a well-connected suburb, with a long lot design that maximises rear garden space. The property’s value has grown significantly since its last sale, reflecting sustained demand for this type of housing.
The narrow frontage of the lot may limit driveway width and street-side parking options. The building age, if tied to the 1928 construction of the original block, might require ongoing maintenance for older infrastructure. The high entry price for this property could narrow the pool of potential buyers compared to smaller or more affordable options in the area. These factors should be weighed when forming a view on the property’s value.
Detailed Independent Property Report prepared by PropCred Analyst team for 23A Henry Street, Payneham SA 5070
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Payneham is a well-established suburb attracting professional couples, with demand underpinned by Adelaide’s robust capital growth outlook. Recent house price trends show significant long-term appreciation, though short-term data presents a mixed picture. The unit market demonstrates stronger recent momentum with higher rental yields, indicating solid investor appeal. The suburb’s low sales volume suggests tightly held stock, while its demographic profile points to sustained demand from upgraders within a city forecast for continued price growth.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
381m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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