34 Redwood Avenue, Blakeview SA 5114
34 Redwood Avenue, Blakeview SA 5114
Detached house on a modest block | Mid-1990s build likely | Family-oriented northern Adelaide suburb | Strong local schooling demand | Compact footprint with growth potential
This property sits within a suburb that is overwhelmingly defined by detached family housing, which means it competes in a market where buyers are typically owner-occupiers rather than short-term investors. The likely configuration, a 1990s brick veneer home on a smaller allotment, positions it well for first-home buyers or young families who want a standalone house without the maintenance burden of a large yard. Its strength lies in the balance between suburban privacy and practical convenience, with schools, shopping, and main road access all within a short drive. For a buyer seeking an entry point into an established neighbourhood, this property offers a sensible and competitive option.
The value of this property may be shaped by its land size and how the internal layout uses that space, as smaller blocks in this area tend to attract a price ceiling unless the house itself is well presented. The age of the build could mean the kitchen, bathrooms, or flooring need attention, which might affect how the property compares to newer stock nearby. Buyers should weigh the potential for future improvements, such as adding a second bathroom or updating finishes, against the purchase price. The presence of any flood overlay in the broader suburb could also be a consideration, though it is not confirmed for this specific property.
|| Comparable Sales: 26A Redwood Avenue sold at $680,000 for a 3-bedroom house on 130m²; 32 Applecross Drive, a 1994 build on 300m², reflects similar stock | Property Price Band: $600,000–$700,000 | Value Drivers: Land size, condition of the original build, and the functionality of the internal layout
Detailed Independent Property Report prepared by PropCred Analyst team for 34 Redwood Avenue, Blakeview SA 5114
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Blakeview, in Adelaide’s north, is a tight family market. Median house price is $679,500, up 14.2% annually; units $472,500, up 4.1%. Sales volume of 210-228 houses over the past year with only 9 listings signals strong turnover and scarce supply. Buyers are young families—46% couples with children, 20-29 age bracket, trades and community workers. 74% of owners hold mortgages, leaving the market sensitive to rates. House yields are 4.2%, units 4.8%; median rents $670 and $520 respectively. Tight rental supply (13 properties) and family demographics underpin demand, but affordability strains against a $405k-$990k price range. No major infrastructure triggers are apparent; growth should follow owner-occupier demand, not speculation.
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PropCred Estimated Value
Comparable Sales: 26A Redwood Avenue sold at $680,000 for a 3-bedroom house on 130m²; 32 Applecross Drive, a 1994 build on 300m², reflects similar stock | Property Price Band: $600,000–$700,000 | Value Drivers: Land size, condition of the original build, and the functionality of the internal layout
Bedrooms
4
Bathroom
2
Parking
2
Land
445m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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