25-27 Pirie Street, Port Pirie South SA 5540

25-27 Pirie Street, Port Pirie South SA 5540
Large block in growth suburb | 3-bed house on 1,115mΒ² | Near primary schools | Recently sold this year This property presents a rare suburban holding within a high-growth area, defined by its substantial land component relative to the dwelling. The 1,115 square metre allotment is the primary competitive strength, offering tangible future utility beyond the existing three-bedroom house. It serves the land-banking buyer or the owner-occupier seeking expansion space, positioned within walking distance to government schools. The recent 2024 sale introduces immediate valuation risk, compressing capital growth potential in the short term. The commercial logic lies in leveraging the suburb’s strong rental yield against the land’s development optionality over a long hold. Acquire for land value and hold through the suburb’s growth cycle, as the existing house provides income coverage.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Port Pirie South presents as a high-growth, family-oriented market with strong investor appeal. Demand is driven by buyers seeking affordable entry into the housing market, supported by robust capital growth and attractive rental yields. The market is characterised by rapid sales and limited stock, indicating significant buyer competition. Future momentum hinges on sustained demand for houses, though the imbalance between supply and demand presents a key constraint, with very limited activity in the unit sector.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

1115mΒ²

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