28/14 Croker Road, Morphettville SA 5043
28/14 Croker Road, Morphettville SA 5043
This is a 1973 three-bedroom unit on a 117sqm lot with one bathroom and two car spaces, one garage and one open. It sits in a flood overlay zone within the Marion council area.
What is competitively strong about this property is its three-bedroom configuration with two car spaces, which is less common in this complex and gives it an edge over the more typical two-bedroom units nearby. Its position in Morphettville offers solid convenience, being close to Jetty Road and within reasonable reach of the city, which appeals to a mix of first-home buyers, small families, and investors seeking low-maintenance living. The estimated rental yield sits around 4.5 percent, which is reasonable for this area and suggests steady tenant demand for a property of this size and parking provision. It serves best those who want a functional layout in an established suburb without the premium of a newer build.
What might materially affect the value or sale price of this property includes the flood overlay, which could influence insurance costs or future modification options and may be a consideration for some buyers. The strata fees of just over three thousand dollars per year add to ongoing holding costs and should be weighed against comparable units in the area. The lack of recent comparable sales data in the immediate complex makes price positioning less transparent, so the buyer may want to look at similar three-bedroom units in the broader suburb to form a view. The property’s age at fifty-three years may also mean some updates are due, though this is not confirmed from available information.
Detailed Independent Property Report prepared by PropCred Analyst team for 28/14 Croker Road, Morphettville SA 5043
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Morphettville is a suburb experiencing strong demographic and economic momentum, attracting a professional demographic and seeing significant population growth. Demand is driven by young professionals and established singles, creating a stable owner-occupier base. The market demonstrates robust capital appreciation, with houses significantly outperforming units, and properties transacting relatively quickly. Future growth is underpinned by rising household incomes, though low listing volumes indicate a constrained supply that presents both a key driver and a potential risk for market fluidity.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
117m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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