40 Jordan Drive, Morphett Vale SA 5162

40 Jordan Drive, Morphett Vale SA 5162
3 bed, 1 bath, 2 car on 719 m² | Established suburban pocket with rare block size | Likely 1970s build, traditional layout | Estimated value near $808k | Suits families seeking space over new build This property’s defining strength is its land. At 719 m², it offers a substantial yard in a mature Morphett Vale setting where newer infill product typically sits on lots around 135 m². That size differential alone places it in a different category—one that appeals to buyers wanting room for children, pets, gardening, or future extension potential. The 3/1/2 configuration is classic, functional family layout, and the two-car parking is a practical edge over many comparable older homes. This is a house for an owner-occupier who values established character and outdoor space over turnkey finishes, and who sees the block as the primary investment. The estimated value of $808,000 sits above the price of nearby compact new builds, which reflects the land premium rather than any confirmed renovation or premium finish. The house’s age—likely 1970s—means the interior may require updating, and maintenance costs could be higher than a newer property. The absence of confirmed details on kitchen, bathroom, and overall condition means the final price will hinge heavily on presentation and structural integrity. A buyer should budget for potential modernisation and inspect thoroughly, as the value is concentrated in the land and location, not necessarily the dwelling’s current state. The large block also raises the possibility of future subdivision or development, subject to council approval, which may add strategic value for the right buyer.
Detailed Independent Property Report prepared  by PropCred Analyst team for 40 Jordan Drive, Morphett Vale SA 5162
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk
Income Risk 2
Execution Risk
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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: 4 Seeger Drive, 3/1/10, 660 m², sold $779k–$799k; 42 Jordan Drive, 3/1/1, 1970 build, est. $847k | Property Price Band: $780k–$880k | Value Drivers: Land size, condition of dwelling, potential for subdivision or extension

Bedrooms

3

Bathroom

1

Parking

2

Land

719m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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