39 Malone Street, Morphett Vale SA 5162
39 Malone Street, Morphett Vale SA 5162
3-bed brick family house | 700m² established block | open-plan modern updates | large secure backyard | solid suburban demand
This is a genuinely solid family proposition. The 700m² block is the standout feature, giving you rare outdoor space in a suburb where newer infill is squeezing lots down to 200m² or less. The solid brick construction with modern updates means you get character without the immediate renovation burden, and the open-plan living suits how families actually use a home today. It sits comfortably within Morphett Vale’s established detached-house stock, which is dominated by similar 3-bedroom homes, so you are buying into a proven market rather than testing something new. The buyer this serves best is a family or first-home purchaser wanting land, room to grow, and a backyard that can handle kids, pets, or a shed without compromise.
The value picture here is shaped by how the land is used and what the house offers in its current form. The large block may allow future subdivision or a second dwelling, though that depends on council zoning and planning rules you would need to verify. The single bathroom is a practical constraint for a growing family, and the absence of a stated build year means you should budget for potential ageing infrastructure like wiring, plumbing, or roofing. Presentation and renovation level will matter most when comparing against similar homes, so a thorough building inspection is worthwhile before forming a firm price view.
|| Comparable Sales: 25 Malone Street sold $800,000 (3-bed, 850m²) | Property Price Band: $700K–$800K | Value Drivers: land size, renovation condition, backyard utility
Detailed Independent Property Report prepared by PropCred Analyst team for 39 Malone Street, Morphett Vale SA 5162
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Median house prices in this suburb run from $698,250 to $790,500, with annual growth of 11.8% to 15.2%. Unit medians are $553,000 to $608,500, growing 12.7% to 19.8%. Selling times of 22 to 47 days and an annual house sales volume of 116 to 457 indicate a thin but active market. Gross rental yields of 3.8% to 4.3% for houses and 3.5% to 4.3% for units, against weekly rents of $580–$590 and $475–$513, show price growth outpacing rental income, pointing to demand focused on capital appreciation. This price-led demand, combined with tight days-on-market, suggests strong buyer competition. High entry prices and modest yields are the key constraints, while the limited transaction volumes could intensify price swings if demand stays strong.
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PropCred Estimated Value
Comparable Sales: 25 Malone Street sold $800,000 (3-bed, 850m²) | Property Price Band: $700K–$800K | Value Drivers: land size, renovation condition, backyard utility
Bedrooms
3
Bathroom
1
Parking
1
Land
700m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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