2A Rundle Avenue, Lockleys SA 5032

2A Rundle Avenue, Lockleys SA 5032
3 beds | 2 baths | 488sqm | 7 car spaces | Lockleys 5032 This property offers a rare configuration for Lockleys: three bedrooms with two bathrooms on a compact 488sqm block, but with an unusually generous seven parking spaces. That parking count signals either a deep driveway or off-street arrangement that suits a buyer with multiple vehicles, a trailer, or a small boat. The house itself is positioned for a downsizer or investor seeking low-maintenance land with high utility. The 417sqm building footprint is substantial relative to the block, suggesting efficient use of space without wasted yard. The principal risk is the lack of a comparable sales anchor for this exact address, meaning the buyer must rely on the nearby 2 Rundle Avenue’s $1.659M estimate on a much larger lot as a ceiling reference. Overpaying is the cost of absent data. The opportunity lies in Lockleys’ steady demand character-this is not a boom suburb but a stable, family-oriented pocket with good access to the city and the airport. Hold this property for rental yield or as a long-term home; it does not offer short-term speculative upside but will hold value through market cycles.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Lockleys presents a mature, established market with a clear divergence between its premium house segment and more affordable unit sector. Demand is driven by owner-occupiers seeking established homes, evidenced by strong house price growth and swift sales. The market is characterised by tight supply, supporting robust house values, though this constraint also presents a key risk for accessibility. Future growth will be anchored by this sustained demand against limited stock, while the unit market offers a contrasting, yield-focused entry point.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

5

Bathroom

2

Parking

7

Land

489mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat