35 Hart Street, Semaphore SA 5019
35 Hart Street, Semaphore SA 5019
Coastal Semaphore house | 3 bed, 1 bath, 3 car | Sold $935k Jan 2024 | Rented $625/wk | Modest size, prime location
This is a compact coastal house in the heart of Semaphore, a suburb where land is tightly held and rarely released. The three-bedroom, one-bathroom layout with generous parking is practical rather than expansive, but the property’s real strength lies in its position—walkable to the beach, the Semaphore Road café and retail strip, and daily amenities. It suits a buyer who values lifestyle and location over internal footprint, whether that is a young family, a downsizer, or an investor seeking a property with established rental demand. The January 2024 sale price reflects the premium attached to this pocket, and the subsequent rental listing confirms the house works as a viable income property, even if the yield is modest by national standards.
The value of this house may be shaped by its land size and the condition of the original structure, both of which are not fully confirmed. A buyer should weigh the potential for future renovation or extension against the constraints of a smaller coastal allotment, and consider that some nearby parcels carry flood management or heritage overlays that can limit redevelopment flexibility. The rental return of around 3.5 percent is typical for this coastal market, so the investment case leans more toward capital growth and scarcity than high immediate income. The final price will likely hinge on how the internal presentation compares to other older homes in the immediate area.
|| Comparable Sales: 7 Eton Road, Semaphore South sold around $1.045M; 16–18 Hart Street guided near $2.7M | Property Price Band: $900K–$1.0M | Value Drivers: land size, internal condition, proximity to beach and Semaphore Road amenity
Detailed Independent Property Report prepared by PropCred Analyst team for 35 Hart Street, Semaphore SA 5019
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Semaphore, a coastal Adelaide suburb, presents a bifurcated market. One source records a median house price of $1,227,000 with 18.5% annual growth, while another reports $1,157,500 from 46 sales at a 9.6% compound rate; a third shows $874,238 in January 2026, highlighting price volatility. Houses spend 50 days on market with only 33 sales annually. Units median $565,000, down 8.13%, with yields of 4.48% versus 3.05% for houses. Weekly rents are $720 and $480 respectively. Demand is driven by an older demographic—average age 51—with 32% single-person households and 48% of owners holding mortgages, suggesting lifestyle and owner-occupier buyers. Fifteen local schools serve the area. Key constraints include affordability pressure from elevated house prices, subdued unit performance, and inconsistent price data across sources.
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PropCred Estimated Value
Comparable Sales: 7 Eton Road, Semaphore South sold around $1.045M; 16–18 Hart Street guided near $2.7M | Property Price Band: $900K–$1.0M | Value Drivers: land size, internal condition, proximity to beach and Semaphore Road amenity
Bedrooms
3
Bathroom
1
Parking
2
Land
560m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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