29B Gardiner Avenue, Warradale SA 5046
29B Gardiner Avenue, Warradale SA 5046
Compact 227m² townhouse | Sold $530k in 2018, $815k in 2023 | Strong rental demand, 29-day market | School catchment varies by source | Small lot, attached format.
This townhouse holds a clear competitive edge in Warradale’s market through its low-maintenance attached format on a compact 227m² parcel, which appeals directly to downsizers and small households seeking proximity to coastal amenities without the upkeep of a detached house. The recorded configuration discrepancy—4/2/2 in one source versus 3/2/1 in another—suggests flexibility in how the space is presented, potentially broadening its buyer pool. Its sales history shows solid capital growth, rising from $530,000 in 2018 to $815,000 in 2023, reflecting the suburb’s positive 6.9% annual value growth and active demand. This property suits owner-occupiers prioritising convenience and investors chasing moderate yields in a liquid market.
The value picture may be shaped by the small land size relative to typical Warradale stock, which could limit upside compared with detached houses. The inconsistent bedroom and parking records might affect buyer perception, so verification of the actual layout is worthwhile. School catchment ambiguity—Brighton versus Hamilton Secondary depending on the source—may influence family buyer interest, though rental demand appears robust at around $770 per week for similar nearby homes. These factors might temper or enhance price expectations depending on how they resolve during inspection.
|| Comparable Sales: 29 Gardiner Ave sold $871,000 in May 2022; 2 Gardiner Ave vacant land sold $715,000 in Apr 2023 | Property Price Band: $800,000–$900,000 | Value Drivers: land size, layout configuration, presentation quality
Detailed Independent Property Report prepared by PropCred Analyst team for 29B Gardiner Avenue, Warradale SA 5046
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Warradale, in Adelaide’s Marion area, is a tightly held market driven by professionals, older buyers and childless couples: 38% of residents are purchasers, 33% are over 55 and 41% are couple-only households. House prices have jumped 24.5% over the past year to a $1.068m median, with 3-bed homes at $1.065m and 4-bed at $1.25m. Units are more accessible at $680,000 for 2-bed. Sales are brisk—61 to 105 houses annually—and stock is tight, down 22.7% year-on-year, with houses averaging 36 days on market. Low vacancy (0.82%), a 3.5% rental yield and $650 weekly house rents underpin investor interest. Future growth relies on continued supply constraints and stable demand, but affordability is stretched across a $600k–$2.2m price range, leaving the market exposed to rate sensitivity after such rapid appreciation.
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PropCred Estimated Value
Comparable Sales: 29 Gardiner Ave sold $871,000 in May 2022; 2 Gardiner Ave vacant land sold $715,000 in Apr 2023 | Property Price Band: $800,000–$900,000 | Value Drivers: land size, layout configuration, presentation quality
Bedrooms
4
Bathroom
2
Parking
2
Land
227m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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