33 East Terrace, Henley Beach SA 5022
33 East Terrace, Henley Beach SA 5022
Detached coastal house | established character street | walk to Henley Square | mixed-period stock | rear-lane potential
This property is positioned as a detached house on a residential coastal strip where character dwellings and low-maintenance units sit side by side. The location within a sought-after pocket of East Terrace, within walking distance of Henley Square and the foreshore, is its strongest competitive feature. The street’s heterogeneous stock, with early 20th century character homes alongside 1970s units, indicates that this house is likely to be sought by buyers looking for a beachside lifestyle with established neighbourhood character rather than new-build uniformity. It is best suited to owner-occupiers, particularly downsizers and families wanting proximity to the beach, local schools, and community amenity. Rear-lane access, present on similar properties in the corridor, is understood to offer a practical configuration for parking and potential outdoor living.
Value may be shaped by the dwelling’s condition and era, likely older given the street’s mixed building age. Established neighbourhood zoning might limit redevelopment potential, while flood and heritage overlays could be considered relevant. The balance between character features and the need for updating should be weighed by buyers, as renovated period properties in this corridor are known to command a premium.
Detailed Independent Property Report prepared by PropCred Analyst team for 33 East Terrace, Henley Beach SA 5022
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Henley Beach, an established coastal suburb in Adelaide’s western suburbs, is tightly held. House prices reached a $1.621m median, up 8.07% annually; units sat at $700,000, down 6.67%. Houses take around 74 days to sell, with 94 recorded sales. Families seeking four-to-five bedroom homes drive house demand, while investors target units for a 4.14% gross yield versus 2.78% for houses. Weekly rents are $785 for houses and $560 for units. Supply is constrained: advertised listings run 21% below the five-year average, with high construction costs limiting new builds. Population growth and relative affordability to other capitals underpin competition. Risks include affordability pressures and interest-rate sensitivity, with elevated mortgage costs prompting cautious buyer behaviour. The schooling catchment comprises standard government primary provision for Reception to Year 6.
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PropCred Estimated Value
Comparable Sales: 44 East Terrace sold at $2.025M; 162 East Terrace sold at $1.39M | Property Price Band: $1.2M–$1.3M | Value Drivers: condition, land size, position
Bedrooms
3
Bathroom
2
Parking
1
Land
113m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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