4 Passmore Place, Salisbury North SA 5108
4 Passmore Place, Salisbury North SA 5108
quiet court location | modern build | secured tenant till 2026 | open-plan layout | master with ensuite
This property offers a compelling buying case as a modern, tenanted home in a quiet court. Its open-plan layout and master ensuite serve family occupancy or investor return, with immediate income from the established lease. The 2015 build and low-maintenance yard reduce initial outlay.
Primary risk is the single car space and rent slightly below market, which may suppress yield. However, the secure tenancy provides income predictability. Hold for steady rental return and gradual capital growth in a demand area.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Passmore Place, Salisbury North SA 5108
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Salisbury North demand is driven by affordability in Adelaide’s north and proximity to employment hubs, attracting first-home buyers and yield-focused investors. The buyer mix is balanced, with strong investor participation supported by solid rental returns (~4.4–4.7%) and consistent tenant demand.
The key opportunity lies in entry-level pricing with strong rental absorption and relatively fast sales (~28–29 days), underpinning liquidity compared to other affordable markets. The primary risk is socio-economic exposure and supply responsiveness, where price growth can be uneven and sentiment-driven.
Recent trends show strong growth (~10–12% annually) off a low base, with momentum now stabilising as supply increases and affordability pressures begin to cap further acceleration
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
1
Land
300m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!