40 King Street, Solomontown SA 5540
40 King Street, Solomontown SA 5540
40 King Street, Solomontown, is a three-bedroom, one-bathroom house on a 260-square-metre lot, built in 1910. It features a spacious lounge with refrigerated air-conditioning and a kitchen with a gas oven. No dedicated parking is included.
This property is competitively positioned as an entry-level home in a suburb with strong rental demand. Its older construction, large bedrooms, and functional layout appeal to first-home buyers and investors seeking a low-maintenance purchase. The house’s small lot and lack of parking are offset by its proximity to the Port Pirie town centre, making it a practical choice for those prioritising location over space. It serves buyers who value affordability and immediate rental yield over expansive land or modern finishes.
The property’s age and lot size may influence its long-term value, as older construction could require maintenance or upgrades. The absence of a parking space might limit appeal to car-dependent buyers, potentially affecting resale speed. Its small lot restricts subdivision potential, but the high rental demand in the area may support stable returns. Buyers should weigh these factors when forming a view on price, considering that the property’s strengths lie in its location and affordability rather than its physical footprint.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 King Street, Solomontown SA 5540
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
This suburb presents as an affordable entry point with a market currently driven by strong investor appetite, evidenced by high rental yields and rapid price appreciation. Demand is concentrated in the established three-bedroom housing segment, which transacts relatively quickly, indicating solid underlying demand. While recent growth has been significant, the limited sales volume suggests a tightly held market, which can amplify price movements. Future performance will hinge on the continuation of these investor fundamentals and broader economic conditions influencing affordability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
-
Land
260m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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