39 Mellor Avenue, Underdale SA 5032
39 Mellor Avenue, Underdale SA 5032
3-bedroom, 2-bathroom single-level house on a 780m² lot in Underdale, SA 5032. Two parking spaces. Estimated value $1,272,000. Configuration is uncommon for the area with the second bathroom and generous land size.
This property occupies a distinct position within Underdale. The 780m² lot is a rare find in a suburb where most homes sit on significantly smaller parcels, giving this house a land-to-building ratio that appeals to buyers seeking space or future flexibility. The two-bathroom layout is also above the typical standard for the area, adding practical comfort for families or those wanting guest accommodation. This house best suits a buyer who values land size and a functional floorplan over a renovated interior, or someone looking for a property with strong underlying land value in a established residential pocket of West Torrens.
The estimated value of $1,272,000 may reflect the premium attached to the land size, but the absence of detailed finish quality or building age data means the final price could be influenced by the condition of the house itself. A buyer should weigh whether the structure requires significant updating, as renovation costs might narrow the value gap between this property and more modestly sized homes in the suburb. The auction format also introduces competitive dynamics that could push the price above or below the estimate, depending on buyer sentiment on the day.
Detailed Independent Property Report prepared by PropCred Analyst team for 39 Mellor Avenue, Underdale SA 5032
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Underdale presents a divergent market, with its housing segment demonstrating robust demand and strong capital appreciation, while the unit market has experienced recent price softening. Demand for houses is driven by owner-occupiers, evidenced by swift sales and sustained growth, supported by a healthy transaction volume. Future performance hinges on the continuation of these demand drivers, though the suburb’s growth may be tempered by the affordability pressures reflected in the current rental yields.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
813m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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