57A Rellum Road, Greenacres SA 5086
57A Rellum Road, Greenacres SA 5086
Modern 3-bed house | 2008 built | 438mΒ² land | Solar & ducted AC | Quick rental lease
This property presents a competitively strong offering as a modern, low-maintenance house on a usable block in a established suburb, free of development overlays. Its 2008 construction date, solar PV, ducted air conditioning, and dual living areas position it well above the area’s typically older stock, serving a buyer seeking immediate livability or a secure rental investment with proven tenant demand evidenced by its quick prior lease.
Proceed with the understanding that its value is pegged to a 2023 sale, requiring scrutiny of the ~30% implied gain against recent suburb sales. The narrow 35% building coverage limits extension potential, a cost for growing families. However, the high-spec finish and lack of overlays support a stable hold. Acquire for a long-term rental or a primary residence with upgrade flexibility, but benchmark firmly against recent 3-bed sales in Greenacres to validate the premium.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Greenacres presents a stable, family-oriented market where houses demonstrate consistent capital growth and strong rental demand, evidenced by low vacancy. Demand is primarily driven by owner-occupiers, with a significant portion of the population renting, indicating solid investor interest. House prices are rising steadily, supported by a brisk sales pace, while the unit segment shows divergent, weaker performance. Future growth will hinge on sustained demand for houses, though the market faces a constraint from the underperformance of its unit sector.