38 Virgara Way, Angle Vale SA 5117
38 Virgara Way, Angle Vale SA 5117
4 bed family build | Virgara Way growth corridor | new estate setting | school within walk | price sits above local norm
This is a solid family-oriented property in one of Adelaide’s northern growth corridors, sitting within a master-planned estate that is still being built out. The four-bedroom, two-bathroom, two-car configuration is the standard family layout buyers in this segment are looking for, and the location places it within walking distance of the primary school and childcare, which strengthens its appeal to young households. The property serves best as a long-term family home, with the surrounding development activity likely to keep improving local amenity over the next few years.
The price point appears higher than many of the house-and-land packages nearby, which may reflect a larger build, a better positioned lot, or a more premium finish. Buyers should weigh the ongoing construction environment, as dust and incomplete streetscapes can persist for a while. Rental returns in this area tend to be moderate rather than strong, so the value case leans more toward owner-occupiers than investors. Overlay considerations such as bushfire or flood may apply to parts of the locality, so confirmation on the specific lot is worthwhile.
|| Comparable Sales: 22 Virgara Way sold around $985K for a similar 4/2/2 on 400m² | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, build specification, estate location
Detailed Independent Property Report prepared by PropCred Analyst team for 38 Virgara Way, Angle Vale SA 5117
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
✓
Market Insight
Angle Vale is a family-centric suburb in northern Adelaide, characterised by a high rate of home ownership and a young demographic. Demand is driven by purchasers, particularly families attracted to new housing estates, supported by household incomes well above the regional average. The housing market has demonstrated robust price growth over the past year, with houses selling relatively quickly, indicating strong current conditions. Future growth is underpinned by continued development and family demand, though risks include affordability pressures and a market highly exposed to interest rate changes due to prevalent mortgage holdings.
PropCred Estimated Value
Comparable Sales: 22 Virgara Way sold around $985K for a similar 4/2/2 on 400m² | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, build specification, estate location
Bedrooms
4
Bathroom
2
Parking
2
Land
576m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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