3/1109-1111 North East Road, Ridgehaven SA 5097
3/1109-1111 North East Road, Ridgehaven SA 5097
Spacious 4-bed family home on 808sqm|Established config suits downsizers/families|Quick market absorption signals steady demand|Proximity to schools boosts family appeal|148
Offers generous layout with multiple living zones and large yard ideal for kids/pets, positioned on a quiet North East Road frontage amid family-oriented homes. Appeals to growing households or investors eyeing rental stability around 4-4.5% yields from similar setups. Demand remains firm with properties moving in 40-50 days, reflecting undersupply in this pocket. Sits in a stable, leafy suburb 18km northeast of CBD, advantaged by easy access to Tea Tree Plaza shopping, Modbury Hospital and public transport, though traffic on main road is a minor drawback. Catches top-rated Ridgehaven Primary (walking distance) and nearby Highgate Primary/Charles Darwin University. Demographics skew families (avg 2.3/household, solid incomes), with low vacancy fueling rentals. Growth drivers include infrastructure upgrades and low stock levels; opportunities in minor renos for value-add. Risks limited to road noise, no major projects disrupting. Healthy positioning for long-term hold.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/1109-1111 North East Road, Ridgehaven SA 5097
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Demand in Ridgehaven is underpinned by a tight supply profile, quality schools, and leafy family blocks that keep owner-occupiers and downsizers engaged, while higher-than-average incomes and solid socio-economic indicators support buyers who are confident in capital growth. People are choosing Ridgehaven for its stability, low vacancy, and access to established amenities, even as rental yields stay modest, so growth is driven by scarcity rather than cashflow. The biggest risks are stretched affordability and limited upside on rents, but the upside lies in constrained new listings and generally resilient values; prices have nudged higher through the past six months, tracking about a 910% lift year-on-year for houses while remaining steady for smaller formats.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
227m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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