56/220 Greenhill Road, Eastwood SA 5063

56/220 Greenhill Road, Eastwood SA 5063
3 bed 2 bath unit | 190m² internal floor area | dual parking | 2025 build | near top-tier primary schools This unit presents a compelling proposition for an owner-occupier seeking space and convenience in a school catchment. The 190 square metre internal footprint is substantial for a three-bedroom apartment, offering house-like proportions rarely found in newer builds. The configuration of two bathrooms and at least two secure car spaces aligns perfectly with the needs of a young family, further strengthened by its proximity to well-regarded primary schools. The 2005 construction suggests modern standards without the premium of a brand-new build, positioning it as a practical, low-maintenance home. The critical decision point is the vendor’s pricing ambition, set approximately 48% above the purchase price from just eight months prior. This aggressive re-pricing, coupled with a limited marketing campaign, suggests a speculative listing rather than a competitively priced opportunity. For a buyer, the commercial logic rests on acquiring at a material discount to the current ask, using the recent July 2025 sale as a firm value anchor. Proceed only if due diligence confirms the larger 191m² land title and justifies a premium over the recent transacted price, otherwise this represents overpayment for the locale.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Eastwood presents a tightly held, mature suburb characterised by low sales volumes and a demographic of established, outright owners. Demand is driven by downsizers and professionals within a constrained Adelaide market, where low listings support competitive conditions. While house prices have softened, the unit segment shows strong growth, indicating a divergent market. Future performance hinges on broader market supply dynamics, though the suburb’s limited turnover and ageing demographic present inherent constraints to liquidity and significant price acceleration.

PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

3

Land

14m²

Built

Recent Assessments