3 Red Road, Blackwood SA 5051

3 Red Road, Blackwood SA 5051
Large 2437sqm block | 11% building coverage | 4-5 bedrooms | Bushfire overlay | In-ground spa A property of this scale on a 2437sqm block with only 11% building coverage is increasingly rare in the Mitcham council area, giving a buyer significant scope for future extension or subdivision subject to council approval. The double brick construction, solar panels, and multiple living zones support long-term family use, while the established grounds and private setback create a lifestyle position that typically holds value well in Blackwoodโ€™s family market. This house suits a buyer seeking a foothills retreat with room to reconfigure or add value, rather than a turnkey purchase. The bushfire overlay is the primary risk, potentially increasing insurance costs and limiting some renovation options, though no flood or heritage constraints apply. The inconsistent bedroom counts across listings suggest a study or flexible room that may need clear designation. With reliable NBN and 5G coverage as supporting factors, the property offers a sound hold for a buyer who can tolerate the overlay and sees the land as the real value. Buy for the block and privacy, not for the current configuration.

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

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Market Insight:

Blackwood is an established, family-oriented suburb with a stable, high-ownership demographic. Demand is driven by professionals and established families seeking long-term security, reflected in rapid house sales and strong capital growth. The market exhibits robust price appreciation and tight supply, though this strength is concentrated in houses, with the unit segment showing divergence. Future growth is underpinned by sustained buyer interest, yet affordability constraints and selective market performance present key considerations.
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PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

8

Land

2400mยฒ

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