34B Grundy Terrace, Christies Beach SA 5165
34B Grundy Terrace, Christies Beach SA 5165
Modern coastal build | 4 bed on compact 367m² | premium price point for street | strong rental appeal | bushfire overlay noted
What stands out here is the combination of a 2010 build with four bedrooms and two bathrooms in a beachside pocket where much of the stock is older, smaller, or attached townhouse product. The property sits at the larger, newer end of the street’s mix, which gives it a rare position for buyers wanting a low-maintenance coastal house without the compromises of a compact unit. The estimated rent of $780 per week signals genuine demand from families or professionals who value proximity to the esplanade, shops, and transport. This is best suited to an owner-occupier seeking a turn-key coastal lifestyle, though the rental figure also makes it credible for an investor chasing stronger-than-suburb yield.
The bushfire overlay is the main factor that might shape your view on price, as it can influence insurance costs and future renovation scope. The land is modest at 367m², so the value sits primarily in the dwelling itself rather than redevelopment potential. The street’s older, larger blocks nearby suggest some price variance across the area, but this property’s modern condition and internal size may justify a premium over the immediate sales history. The absence of flood or heritage constraints is a positive, and the FTTP connection adds practical appeal for remote workers. Weigh the overlay against the lifestyle pull and the tight supply of similar modern houses in this coastal strip.
|| Comparable Sales: 1/13 Grundy Terrace sold $748.5k, 2/13 Grundy Terrace sold $742.5k | Property Price Band: $1.4M–$1.5M | Value Drivers: modern 2010 build, four-bedroom layout, coastal street position, rental income potential
Detailed Independent Property Report prepared by PropCred Analyst team for 34B Grundy Terrace, Christies Beach SA 5165
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Christies Beach, on South Australia’s Gulf St Vincent coast, blends beachside living with Main South Road access and bus links to Adelaide. Demand is driven by owner-occupiers; 52% of households hold mortgages and a third are single. The market remains competitive: houses rose 12.68% annually to a median $800,000, while units surged 20% to $660,000. Houses average 22 days on market, and yields of 3.91% (houses) and 4.26% (units) support investor interest. Future growth hinges on established transport and school infrastructure. Key risks include low inventory—only 11 listings—and rate sensitivity given the suburb’s high mortgage penetration.
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PropCred Estimated Value
Comparable Sales: 1/13 Grundy Terrace sold $748.5k, 2/13 Grundy Terrace sold $742.5k | Property Price Band: $1.4M–$1.5M | Value Drivers: modern 2010 build, four-bedroom layout, coastal street position, rental income potential
Bedrooms
4
Bathroom
2
Parking
2
Land
367m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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