24A Renown Avenue, Tranmere SA 5073
24A Renown Avenue, Tranmere SA 5073
Single-level Torrens title on 374m² | Four bedrooms, two bathrooms | Modern low-maintenance finish | Secure gated entry with solar | Suits families and downsizers
This property holds a genuine edge in Tranmere because it combines the practicality of single-level living with a compact, modern footprint that requires little upkeep. The four-bedroom layout with multiple living zones gives it flexibility most newer builds lack, and the front bedroom doubling as a home office broadens its appeal to professionals who work remotely. Positioned in an eastern-suburbs pocket known for school access and proximity to Firle Plaza and the Parade, it serves growing families wanting space without land maintenance, and downsizers seeking a secure, lock-up-and-leave home that still feels substantial. The 6.6kW solar system and ducted reverse-cycle air conditioning add everyday cost efficiency, while the artificial lawn and garden shed keep outdoor chores minimal. This is the kind of property that competes well against both older larger homes needing work and newer townhouses lacking a true house format.
|| Comparable Sales: 26B Edwin Avenue sold at $1.02M; 46 Reid Avenue sold at $1.4M | Property Price Band: $1.1M–$1.2M | Value Drivers: single-level layout, modern condition, secure low-maintenance land
The value picture may hinge on how buyers weigh the smaller 374m² allotment against the convenience of a finished, move-in-ready house. The secure gated entrance and intercom could justify a premium for safety-conscious buyers, while the lack of confirmed building age might prompt some to request further inspection. Rental demand in the area appears steady, with comparable modern houses achieving around $660 weekly, which may support investor interest. The auction format suggests competitive tension, but the final price may depend on whether family buyers prioritise the low-maintenance lifestyle over larger land holdings common in older Tranmere stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 24A Renown Avenue, Tranmere SA 5073
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Tranmere SA 5073 is a tightly held eastern Adelaide suburb, with limited supply and strong buyer competition. Demand is driven by established families seeking school catchments, reflected in 115 house sales in the past year and a median of $1.3 million. Prices have lifted 12% annually, corroborated by a second index showing 10.68% growth, while units recorded an 18% increase to a median of $860,000. Houses sell in a median 28 days, indicating robust absorption. Future growth is supported by constrained stock—just six rental listings and two active sale listings—but affordability constraints and interest-rate sensitivity temper upside. Gross rental yields for houses are a modest 2.95%, versus 4.35% for units, positioning units as the stronger income play.
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PropCred Estimated Value
Comparable Sales: 26B Edwin Avenue sold at $1.02M; 46 Reid Avenue sold at $1.4M | Property Price Band: $1.1M–$1.2M | Value Drivers: single-level layout, modern condition, secure low-maintenance land
The value picture may hinge on how buyers weigh the smaller 374m² allotment against the convenience of a finished, move-in-ready house. The secure gated entrance and intercom could justify a premium f
Bedrooms
4
Bathroom
2
Parking
4
Land
374m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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