3/22 Graham Street, Glanville SA 5015
3/22 Graham Street, Glanville SA 5015
3/22 Graham Street, Glanville is a top floor two bedroom one bathroom flat built in 1973 with 71 square metres of internal space and one car space on a 13 square metre lot.
Being the top floor unit in a small five unit block gives this apartment a genuine privacy advantage over ground floor flats in the area, and the split system air conditioning makes the older build more comfortable year round. The property sits in a part of Glanville where demand has been lifted by improving connectivity and proximity to Port Adelaide, and the rental growth from 240 dollars a week in 2018 to an estimated 435 dollars a week now signals that tenants value this location. This unit best suits an investor looking for a solid yield near 5 percent or a first home buyer wanting a secure low maintenance foothold in an established suburb without paying for land they do not need.
The flood overlay detected on this property may affect insurance premiums or lender appetite, and buyers should confirm the cost and availability of cover before committing. The 1973 build means the unit may need updates to kitchen or bathroom finishes over time, and the small lot size of 13 square metres limits any future extension or outdoor living. These factors do not break the property’s case but they are real considerations that a careful buyer should weigh against the strong rental demand and top floor positioning.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/22 Graham Street, Glanville SA 5015
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Glanville demand is being driven by proximity to the revitalising Port Adelaide/waterfront precinct, relatively affordable entry compared with nearby coastal suburbs, and improved local amenity that’s attracting owner‑occupiers and investors. Prices have risen modestly to strongly over the past six to twelve months-median house values sit in the mid‑$800ks with low listings creating ongoing upward pressure. Risks include small stock and sensitivity to interest rates and infrastructure outcomes; opportunities lie in continued precinct upgrades, infill development and tight rental demand.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
13m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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