48 Phillips Street, Whyalla Stuart SA 5608

48 Phillips Street, Whyalla Stuart SA 5608
This is a 3-bedroom, 1-bathroom semi-detached property or duplex on a 511m² lot, built in 1965 with 98m² of internal space and parking for two cars. It was sold in 2024 for $168,500. What is competitively strong here is the land-to-building ratio. A 511m² lot for a duplex unit is unusually generous, and that land is what holds long-term value more than the 1965 structure itself. The property sits in a suburb where newer builds command significantly higher prices, which positions this as an entry-level opportunity for a buyer willing to invest in renovation or hold for land appreciation. It serves best an investor seeking a low-cost entry into a regional market with subdivision history, or a first-home buyer who values space over polish. What may materially affect value is the building age. A 1965 duplex may require updates to wiring, plumbing, or insulation that are not immediately visible, and these costs should be weighed against the purchase price. The 2024 sale at $168,500 provides a recent benchmark, but the gap to newer stock suggests the market has already priced in the age. The larger lot might offer future subdivision potential, but zoning and council constraints should be verified. The property’s value is likely tied more to its land than its dwelling, so any buyer should assess the structure’s condition carefully before forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 48 Phillips Street, Whyalla Stuart SA 5608
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk 2
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Market Insight

Whyalla Stuart presents as a high-growth, affordable entry point with a market driven by investor demand for strong rental yields and family-oriented housing. Recent price momentum is robust, supported by tight supply and a significant rental population. Future growth is underpinned by this sustained investor interest and low vacancy rates, though the primary constraint remains the limited availability of stock, which could pressure affordability as competition intensifies.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

511m²

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