41 Elmwood Circuit, Blakeview SA 5114
41 Elmwood Circuit, Blakeview SA 5114
1992 house | 429m² allotment | 3 bed 1 bath | 2 living spaces | flood overlay flagged
This house presents a genuinely useful family configuration on a solid detached block, especially when compared against the newer estate product that now dominates much of this suburb. The 1992 build gives it a more established feel, with a practical 104m² footprint that includes two separate living areas and room for two cars under cover. The 429m² allotment is a real point of difference; many more recent houses in this locality sit on smaller easy-care lots. A first-home buyer, a young family, or an investor targeting steady rental demand would all find this a logical fit. Its appeal is not flashy, but it is honest — a straightforward house that works for everyday living and holds its own in a family-oriented neighbourhood.
The flood overlay flagged on the title is the single most material factor to investigate, as it may shape future renovation or extension options and could have a minor influence on insurance or lending appetite. The single bathroom and original 1990s finishes might feel dated to buyers expecting a newer presentation, which in turn may create room to negotiate. That said, the land size and functional layout provide a strong base, and a buyer willing to refresh kitchens or bathrooms could add meaningful value over time. The property’s value is most likely to move on how much weight you place on that overlay and the level of updating you expect to do.
Detailed Independent Property Report prepared by PropCred Analyst team for 41 Elmwood Circuit, Blakeview SA 5114
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Blakeview, in Adelaide’s north, is a tight family market. Median house price is $679,500, up 14.2% annually; units $472,500, up 4.1%. Sales volume of 210-228 houses over the past year with only 9 listings signals strong turnover and scarce supply. Buyers are young families—46% couples with children, 20-29 age bracket, trades and community workers. 74% of owners hold mortgages, leaving the market sensitive to rates. House yields are 4.2%, units 4.8%; median rents $670 and $520 respectively. Tight rental supply (13 properties) and family demographics underpin demand, but affordability strains against a $405k-$990k price range. No major infrastructure triggers are apparent; growth should follow owner-occupier demand, not speculation.
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PropCred Estimated Value
Comparable Sales: 16 Elmwood Circuit (1992, 3-bed, 429m²) recent market transaction around $682,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, original condition, flood overlay implications
Bedrooms
3
Bathroom
2
Parking
2
Land
565m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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