5 Armagh Avenue, Hectorville SA 5073
5 Armagh Avenue, Hectorville SA 5073
Infill energy on a redevelopment street | Low-maintenance modern house potential | Strong rental depth for compact stock | Established suburb with leafy amenity
This property sits in a street where the redevelopment pattern is already set, with approved multi-dwelling projects nearby confirming that Armagh Avenue is part of Hectorville’s gradual renewal. That matters because it means the house is likely to be compared against both older detached homes on larger allotments and newer compact builds with contemporary finishes. For a buyer, the competitive edge here is flexibility: if the house is older, the land component carries the value; if it’s newer, the low-maintenance appeal and modern fixtures do the work. The suburb’s buyer base is genuinely mixed—young families, downsizers, and investors all active—so the property should attract reasonable enquiry across segments. The rental market is also notably strong, with newer stock achieving high weekly returns, which gives an investor or owner-occupier with future plans some comfort.
What may materially shape the price is the actual built form and land size, neither of which can be assumed from the street context alone. If the house is older, the redevelopment potential of the allotment becomes the key value lever; if it’s already a modern infill dwelling, then finish quality, layout efficiency, and how it compares to similar compact homes in the immediate area will matter more. The street’s 39% renter presence suggests a pocket with turnover and demand, but it also hints that some neighbouring properties may not be owner-maintained to a high standard. Buyers should weigh whether the house offers immediate liveability or whether they are paying for future potential, as that distinction will drive how the price feels relative to the market.
|| Comparable Sales: 36C Wembley Avenue sold around $1.2M for a 2019-built 4-bed on 247sqm; a nearby modern townhouse achieved $730–$750 weekly rent | Property Price Band: $1.1M–$1.2M | Value Drivers: land size and redevelopment potential, build age and finish quality, street position within the infill corridor
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Armagh Avenue, Hectorville SA 5073
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Hectorville is an established eastern Adelaide suburb where demand is driven by professional families aged 30-39, with 63% family households and an average size of 2.3 people. House prices have compounded at 23.7% annually, lifting the median to $1.1 million, though sales volume is thin at 78 transactions over the past year. Buyer interest remains strong, with 771 monthly searches, and two-bedroom units provide a $548,000 entry point. Supply is constrained, with only 11 dwellings listed monthly and houses averaging 45 days on market. Affordability pressures are building: 47% of owners hold mortgages, gross yields sit at 3.5%, and weekly rents range from $550 for two-bedrooms to $1,000 for five-bedroom homes. School catchments and transport links underpin future demand, but rate sensitivity and stretched valuations pose risks to sustained growth.
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PropCred Estimated Value
Comparable Sales: 36C Wembley Avenue sold around $1.2M for a 2019-built 4-bed on 247sqm; a nearby modern townhouse achieved $730–$750 weekly rent | Property Price Band: $1.1M–$1.2M | Value Drivers: land size and redevelopment potential, build age and finish quality, street position within the infill corridor
Bedrooms
3
Bathroom
1
Parking
2
Land
570m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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