3 Cudmore Court, Melrose Park SA 5039
3 Cudmore Court, Melrose Park SA 5039
Modern infill house | Small 354–359m² allotment | 3 bed, 2 bath, 2 car | Inner-south Adelaide convenience | Compact but efficient footprint
This is a contemporary detached house on a compact lot, built for low-maintenance living in an established inner-south pocket. Its strength lies in the configuration: three bedrooms, two bathrooms, and two parking spaces within a 125m² building footprint is a practical, modern layout that suits first-home buyers, downsizers, or small families wanting a house rather than a unit. The land size is modest, but the house itself appears to be the primary draw, offering turn-key condition without the upkeep demands of older, larger-block properties in the area. It sits well in a suburb where housing stock ranges from 1950s originals to newer infill, and this one clearly belongs to the latter category—likely appealing to buyers prioritising convenience, efficiency, and proximity to the city over outdoor space.
The value picture hinges on how the compact land size compares to buyer expectations in this suburb. While the house may offer modern finishes and a sensible layout, the 354–359m² allotment limits extension or redevelopment potential compared to neighbouring older homes on larger blocks. The price band suggested by market signals reflects this trade-off: buyers are paying for the house itself, not the land. Condition, presentation, and any quality of fixtures will matter significantly here, as will the absence of any planning overlays that might complicate future changes. The 2008 sale date indicates this is not a brand-new build, so the state of the kitchen, bathrooms, and roofing should be weighed carefully when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Cudmore Court, Melrose Park SA 5039
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Melrose Park is a compact Sydney suburb where 62% of households are families and 50% of residents have a mortgage, anchoring owner-occupier demand. The median house price is $1.077 million, with annual growth of 8.2–10.1%. Houses sell in 22–25 days on average, reflecting constrained supply; annual sales are just 26–34 properties. Rentals hold firm—median house rent is $615 weekly, gross yield 3.21%, and broader vacancy is 0.27–0.48%. Future demand is supported by accessible road networks including Kegworth Road, Winston Avenue and Price Street, though thin stock, affordability pressure and rate sensitivity limit upside.
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PropCred Estimated Value
Comparable Sales: 1 Cudmore Court, similar 3-bed house on 380m², leased at $700/week and valued around $1.15M; 2 Cudmore Court, 4-bed on 764m², sold at $925k | Property Price Band: $1.0M–$1.1M | Value Drivers: Modern condition, compact land size, layout efficiency, and inner-south location convenience.
Bedrooms
3
Bathroom
2
Parking
2
Land
354m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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