4 Mayell Street, Millicent SA 5280
4 Mayell Street, Millicent SA 5280
Brand new 2025 build with 3 beds, 2 baths, 10x4m powered shed|601m2 lot, low-maintenance turf, 5kL rainwater|Walk to schools, lake, playground|Rental $380-400/wk suits families/investors|152
Open-plan living flows to modern kitchen, ensuite master, all-electric setup on low-fuss 601m2 block with new fencing, auto watering. Neighbourhood zoning fits seamless family use near Millicent North Primary (0.9km walk) and High School (2.1km). Suits first-home buyers, growing families or investors eyeing 5-6% yields amid steady regional demand for turnkey modern homes. Central positioning beats outer edges for lifestyle perks like sports grounds access, though south-east aspect limits northern light. Stable demographics draw timber workers, retirees; growth from local projects boosts appeal. Risks minimal: new build warranty, no overlays noted, but check rates. High opportunity for hassle-free occupancy or rental lock-in as new stock draws selective buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Mayell Street, Millicent SA 5280
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Market Insight:
Millicent demand is driven by affordability for families and investors tapping into the Limestone Coasts service and agricultural jobs, and the markets very low listings keeps buyer competition firm. Buyers like the roughly $385k median for houses, solid rental yields near 5%, and the steady upward tone over the past six months rather than any sharp swings, reflecting about 10% growth over the last 12 months with rising enquiry. Risks include a below-average IRSAD score, 30-year affordability pressure, and muted new-build activity, while tight rentals and limited stock create a moderate window for capital growth if regional employment stays steady.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
601m²
Assessments Delivered Today
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