30 Surrey Parade, Morphett Vale SA 5162
30 Surrey Parade, Morphett Vale SA 5162
4-bedroom, 1-bathroom double-brick house on a 597m² lot, estimated at $813,000. This property offers solid construction and a larger bedroom count than typical for the suburb, though its condition is dated and the lot size is slightly below the local average. It is positioned as a renovation opportunity in a quiet residential street, attracting buyers focused on value-add potential.
This property’s competitive strength lies in its double-brick construction and four-bedroom configuration, which are sought-after features in Morphett Vale. Its condition as a cosmetic update opportunity positions it well for first-home buyers and investors seeking to build equity through renovation. The single-level layout and standard suburban lot provide a straightforward canvas, while the quiet street character supports family appeal. This property is best suited for cost-conscious buyers who prioritize structural soundness over modern finishes and are willing to invest sweat equity to unlock value.
The property’s value may be materially affected by its older condition and lack of modern amenities, which could limit appeal to buyers seeking a turnkey home. The smaller lot size relative to typical suburban stock might constrain future extension potential. Renovation costs should be carefully weighed against the sale price guide to ensure the investment remains viable. Rental yield is estimated at 4–5%, reflecting moderate demand in the area, but the property’s dated state may require initial capital outlay before achieving optimal returns.
Detailed Independent Property Report prepared by PropCred Analyst team for 30 Surrey Parade, Morphett Vale SA 5162
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
This suburb demonstrates robust market momentum, with house and unit prices experiencing strong annual growth. Demand appears broad-based, supported by healthy rental yields and a relatively brisk sales environment, indicating sustained investor and owner-occupier interest. While the precise drivers are unspecified, the consistent upward trajectory suggests underlying fundamentals are at play. Future performance will hinge on the continuation of these demand drivers against broader economic conditions.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
1
Land
597m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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