28 Morgala Drive, Holden Hill SA 5088
28 Morgala Drive, Holden Hill SA 5088
3 bed, 2 bath single-story house on 679sqm with a 276sqm floorplan, built in 1970. Parking is 3 carport spaces. Land size is generous for the era and the suburb’s mid-century character is well established here.
The property’s competitive strength lies in its substantial single-story footprint and generous land size, which is increasingly rare in Holden Hill’s mid-century housing stock. The 276sqm building area offers significant internal space without the maintenance of a two-story home, making it particularly suited to downsizers or families seeking single-level living. Its position within Tea Tree Gully council area places it in a well-established residential corridor where similar era homes dominate, meaning the property fits naturally into the neighbourhood without being an outlier. The outdoor entertaining area adds practical value for this buyer group.
The value picture is shaped by the age of the building and the condition of its original finishes, which are not detailed in available records. A 1970 build may require updating of electrical, plumbing, or insulation systems, and this could affect the final price depending on what has been done. The discrepancy in bathroom count between listing and historical data suggests a renovation may have occurred, but without confirmation, buyers should verify the actual configuration. The estimated value of $876,000 may be reasonable if the property is in good order, but any deferred maintenance could shift that figure downward. The rental yield potential is modest given the $640 weekly rent against that valuation, so investors should model carefully.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Morgala Drive, Holden Hill SA 5088
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Holden Hill is a well-established suburb attracting young professionals and families, evidenced by its dominant demographic and household size. Demand is driven by this demographic seeking family-friendly amenities, supported by strong rental yields and low vacancy indicating tight rental conditions. Recent price growth has been robust, with properties transacting efficiently, reflecting sustained buyer competition. Future growth is underpinned by ongoing demand from this core demographic, though sensitivity to interest rates and a noted increase in available stock present watchpoints for market balance.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
679m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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