28 Haines Road, Tea Tree Gully SA 5091

28 Haines Road, Tea Tree Gully SA 5091
1960s original condition | 745m² large lot | 4-bed, 1-bath layout | Bushfire overlay | Pool present This property presents a clear opportunity for a buyer seeking a large, blank-canvas lot in an established location. Its 745m² size and original 1960s condition are competitively strong for the area, offering immediate entry into a primary school catchment with minimal competition from renovated homes. It serves the renovator or extender most directly, where the value will be created through capital improvement, or the investor banking on land appreciation. Proceed with the cost of the bushfire overlay construction requirements factored into your renovation budget, which will materially impact build quotes. The single bathroom is a functional obsolescence that must be addressed to realise broad market appeal. Secure it only at a price that leaves a clear commercial margin for these necessary works, then hold for the long term to amortise the upgrade costs.

Market Insight:

Tea Tree Gully is a well-established, family-oriented suburb with strong market fundamentals. Demand is driven by middle-income families seeking established homes, supported by solid infrastructure and school catchments. The housing market exhibits robust price growth and tight supply, with houses transacting efficiently. Future growth is underpinned by sustained buyer activity, though affordability pressures and interest rate sensitivity present notable constraints in the current climate.

PropCred Estimated Value

Bedrooms

4

Bathroom

1

Parking

4

Land

745m²

Built

Recent Assessments