28 Centenary Circuit, Andrews Farm SA 5114
28 Centenary Circuit, Andrews Farm SA 5114
4 bed 2 bath 2012 build | lowset on 375m² | leased Dec ’24 at $525pw | flood overlay present
This house presents a competitively strong, modern family package in a practical location. Its 2012 construction offers contemporary living with minimal maintenance, while the established tenancy at a solid weekly rent demonstrates immediate income viability. The configuration, with a master suite and built-in storage throughout, directly serves the owner-occupier or investor seeking a turnkey solution in a school-serviced suburb. It represents a efficient entry into a newer segment of the Playford housing stock.
The primary risk mechanism is the identified flood overlay, which necessitates due diligence for insurance costs and potential future resale constraints. The commercial opportunity lies in acquiring a property with proven rental demand and a high-confidence valuation bracket, providing a buffer against market volatility. This property is best held as a long-term rental, leveraging its family appeal and reliable infrastructure, with a future exit to an owner-occupier market.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Centenary Circuit, Andrews Farm SA 5114
Market Insight:
Andrews Farm is a young, family-oriented suburb in Adelaides north, characterised by strong population growth and high mortgage ownership. Demand is driven primarily by young working families, reflected in substantial annual sales volumes and a very active market. Recent price growth has been robust, supported by this sustained buyer interest. Future growth is underpinned by continued demographic expansion, though the market faces sensitivity to interest rates and affordability pressures given the high proportion of mortgaged owners.