24 Fisher Place, Mile End SA 5031
24 Fisher Place, Mile End SA 5031
Infill pocket with new house-and-land stock | Mixed buyer demand from owner-occupiers and investors | Inner-west convenience with character and modern units | No confirmed property specifics for 24 Fisher Place
What stands out here is the location’s versatility. Mile End offers a blend of older character homes and newer infill development, which means the street itself likely carries a mix of established and freshly built properties. For a buyer, this translates into options: either a lower-maintenance modern build or a period home with renovation potential. The area suits owner-occupiers wanting proximity to the city, as well as investors drawn to steady rental demand from professionals and downsizers. The presence of new allotments on Fisher Place suggests ongoing interest in the pocket, which can support future resale appeal if the property aligns with current buyer expectations for layout and finishes.
The value picture may hinge on how the property compares to the newer stock nearby. If it is an older unit or house, its condition and land size could matter more than the suburb’s overall momentum. A smaller lot might limit expansion, while a well-presented interior could offset that. The mixed density in parts of Mile End means streetscape and neighbouring uses might influence perceived privacy or outlook, so a buyer should weigh those factors carefully when forming a price view.
|| Comparable Sales: 8 Bagot Avenue sold at $1.65M; 3/24 Gladstone Road valued near $846K | Property Price Band: $800K–$1.2M | Value Drivers: land size, condition, layout efficiency, and proximity to newer infill stock
Detailed Independent Property Report prepared by PropCred Analyst team for 24 Fisher Place, Mile End SA 5031
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Mile End SA 5031, positioned close to Adelaide CBD with strong road connectivity via South Road, is attracting young professional singles aged 19–30, mostly renters. The market is overheated: median house price is $1.1M with 15.3% annual growth, while units hit $580,158 with 15.4% growth. Stock is exceptionally tight, with 0% on market and houses selling in as few as 34 days; 99 properties sold in the past year, including a four-bedroom home at $1.6M. Demand is driven by infrastructure access and supply scarcity, supporting further appreciation. However, affordability is the key constraint—median house prices now sit well above typical professional incomes in the area—while rising rents and rate sensitivity pose additional risk.
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PropCred Estimated Value
Comparable Sales: 8 Bagot Avenue sold at $1.65M; 3/24 Gladstone Road valued near $846K | Property Price Band: $800K–$1.2M | Value Drivers: land size, condition, layout efficiency, and proximity to newer infill stock
Bedrooms
3
Bathroom
2
Parking
4
Land
453m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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