306 The Parade, Kensington SA 5068
306 The Parade, Kensington SA 5068
High-exposure corner site in strategic business zone|375mยฒ lot with 340mยฒ building, 91% coverage|Heritage/flood overlays, Marryatville Primary catchment|Strong rental potential at $705pw mid-range|139
Compact house suits medical/consulting or small professional buyers seeking visibility on busy Parade. Zoned for business, offers reconfiguration opportunities amid rising demand for mixed-use in inner east. NBN and 5G reliable, solar panels add appeal. Positioned 4km from CBD with Norwood Payneham St Peters Council perks, but flood/heritage limits expansions-risk for development plays. Family demographics favor professionals; growth from proximity to schools, new urban projects. Stable investor interest due to yields, though overlays temper upside. Suits yield-focused landlords over flippers.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 306 The Parade, Kensington SA 5068
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Market Insight:
Kensington demand is driven by inner?ring convenience to the Adelaide CBD, strong public transport links, established character homes and nearby schools and cafรฉs that appeal to families and professionals. (( Buyers are typically after lifestyle and long?term capital growth; risks include stretched affordability and interest?rate sensitivity while opportunities come from tight supply and continued buyer appetite for quality inner suburbs. (( Prices have been broadly steady to modestly higher over the past six months, with house medians around the lowยtoยmid $1.2M range and positive recent annual growth, suggesting a stable, in?demand market. ((
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
375mยฒ
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