3/187 Anzac Highway, Kurralta Park SA 5037
3/187 Anzac Highway, Kurralta Park SA 5037
3-bed townhouse | Rare 3/2/1 format in unit-heavy suburb | Flood overlay noted | Plympton International catchment | Strong rental depth
This townhouse holds a genuine edge in Kurralta Park because the 3-bedroom, 2-bathroom configuration is noticeably rarer than the dominant 2/1/1 unit stock along Anzac Highway. That extra bedroom and second bathroom shift it from investor-only territory into something a small family or a downsizer could actually live in, which widens the buyer pool considerably. The 59–68 m² footprint is compact but workable, and the townhouse format offers more practical separation than a flat. Its position in a corridor suburb with buses, shops, and quick city access makes it a low-maintenance option for owner-occupiers who value convenience over quiet, and the rental depth in the area suggests it would also hold appeal for an investor wanting flexibility later.
The flood overlay is the main factor that might temper buyer enthusiasm, as it can affect insurance costs and perceived risk even if the property has never flooded. The lack of verified detail on aspect, floor level, and finishes means the actual condition on inspection will carry unusual weight in forming a price view. The wide age range of nearby stock, from older 1960s units to brand-new 2024 townhouses, creates a broad value spectrum, so how this property presents internally will determine whether it lands closer to the older, more affordable end or justifies a premium. The 2021 sale date gives some history, but the market has moved since then, and the compact size may limit how much upside a buyer can reasonably project.
|| Comparable Sales: 5/141-143 Anzac Highway sold $760,000 (new, larger); 3/127-129 Anzac Highway sold $430,000 (2/1/1) | Property Price Band: $700K–$800K | Value Drivers: internal condition, floor level and aspect, townhouse layout efficiency
Detailed Independent Property Report prepared by PropCred Analyst team for 3/187 Anzac Highway, Kurralta Park SA 5037
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
!
1
Execution Risk
✓
Market Insight
Kurralta Park, eight kilometres south-west of Adelaide’s CBD, is an investor-oriented suburb with transient tenants. House prices rose 17.2% in a year to a $973,000 median, though turnover is thin at 25–58 sales. Units have fallen 22.8% to $440,000, signalling oversupply. Demand rests on proximity to Anzac Highway, Cross Road, schools and shopping; unit yields of 4.4–6.28% attract investors. Vacancy is tight at 1.03%, and houses rent near $650 weekly. Future growth depends on amenity and infrastructure, but affordability pressures and rate sensitivity among the 42.42% renter population are key constraints.
PropCred Estimated Value
Comparable Sales: 5/141-143 Anzac Highway sold $760,000 (new, larger); 3/127-129 Anzac Highway sold $430,000 (2/1/1) | Property Price Band: $700K–$800K | Value Drivers: internal condition, floor level and aspect, townhouse layout efficiency
Bedrooms
3
Bathroom
2
Parking
1
Land
62m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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