39/6 Loades Street, Salisbury SA 5108
39/6 Loades Street, Salisbury SA 5108
1970s unit complex | compact 2×1 layout | single allocated car space | consistent rental demand | flood overlay noted on street
This unit is understood to form part of a mid-1970s low-rise complex, offering a compact two-bedroom, one-bathroom layout with a single allocated car space. Its configuration suits buyers seeking low-maintenance living or rental income, and the reported rental demand around $400 per week supports an investment-led purchase. The complex is considered typical of its pocket, with brick construction, built-in robes, and reverse-cycle air conditioning noted on comparable units. The building is not unusual, but its efficient floor plan and modest footprint keep running costs low, which is a real advantage for an investor or first-home buyer. The location is convenient to everyday essentials, and the property type holds an established place in the local market, though it does not offer rare or distinctive features. The unit is best suited to buyers prioritising yield and simplicity over size or premium finishes.
Value may be influenced by the flood management planning control indicated on a comparable unit in the same street, though its application to this specific unit is not directly confirmed. Internal condition and presentation are likely to be the most material factors, as the building’s age means modernised finishes could support a price at the higher end of expectations, while dated interiors might limit it. Floor level and aspect could also affect appeal, but these details are not established from available evidence. The market for this unit may move gradually, given its older, compact nature, and buyers should weigh the trade-off between rental return and long-term capital growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 39/6 Loades Street, Salisbury SA 5108
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Salisbury is a suburban market where owner-occupiers drive demand. House prices have grown 14.29% annually to a $720,000 median, with another source at $774,649; units outperformed, rising 35.42% to $487,500–$510,000. Solid turnover supports the market: 97 houses and 67 units sold in 12 months. Inventory is tight—19 properties for sale, 12 for rent—and houses sell in a median 37 days. Weekly rents are $550 for houses and $430 for units, yielding 4.42% and 5.44% respectively. Accessibility improves via Salisbury Highway infrastructure. The main constraint is rate sensitivity, as mortgage repayments are moderate and could strain budgets if borrowing costs rise.
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PropCred Estimated Value
Comparable Sales: 32/6 Loades Street sold at $375,000 | Property Price Band: $300K–$400K | Value Drivers: condition, layout, allocated parking
Bedrooms
2
Bathroom
1
Parking
1
Land
63m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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