33 Armagh Cres, Salisbury Downs SA 5108

33 Armagh Cres, Salisbury Downs SA 5108
Large family block with pool | 773sqm in tight market | 260sqm solid brick home | Strong owner-occupier street The property presents a rare configuration for Salisbury Downsโ€”a 773sqm block with a 260sqm brick home and pool, placing it well above typical floor-to-land ratios in the area. For a buyer seeking space without moving to outer growth corridors, this offers immediate utility. The 85% owner-occupier street and low renter churn suggest stable neighbourhood character, which supports long-term value retention. The property suits families prioritising internal space, a pool, and proximity to Parafield Gardens High School, while investors benefit from the $665pw rental estimate and low supply of similar stock. The main risk is the 1993 build age and unknown update statusโ€”kitchen, bathrooms, and pool condition require verification, as any deferred maintenance could narrow the buyer pool. The valuation spread between $740k and $856k signals that automated models are uncertain, which means the final price will be set by comparable sales and presentation, not estimates. No hazard overlays reduce holding risk, and HFC NBN with 5G coverage supports modern liveability. The auction format on 23 May may favour a prepared buyer if competition is thin, but a pre-auction offer near the listing price could secure it if internal condition is sound.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 33 Armagh Cres, Salisbury Downs SA 5108
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Market Insight:

Salisbury Downs demand is driven by affordability in Adelaideโ€™s north and proximity to employment hubs, attracting first-home buyers and investors seeking accessible entry points. The buyer mix is balanced, with strong investor participation supported by consistent rental demand and yields around the lowโ€“mid 4% range. The key opportunity lies in strong absorption and steady turnover (~34 days on market), indicating relatively better liquidity than comparable affordable suburbs. The primary risk is socio-economic exposure and supply responsiveness, where increased listings can quickly moderate price growth. Recent trends show strong growth (~12โ€“13% annually) off a low base, with momentum now stabilising as affordability tightens and supply gradually returns
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

773mยฒ

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