6/74 Military Road, Tennyson SA 5022
6/74 Military Road, Tennyson SA 5022
Coastal-lakefront unit | Likely 2-bed, 1-bath, 1-car | Tightly held Military Road pocket | Low-maintenance lifestyle demand | Compact strata living
This unit occupies a genuinely scarce position within Tennyson, sitting in a low-rise strata group where the dominant configuration is a practical two-bedroom, one-bathroom layout with secure parking. The location between the lake and the sea is the strongest competitive feature, giving everyday living a resort-like backdrop that detached houses in the suburb rarely match at this price point. The apartment stock here is limited, and the building profile suggests steady owner-occupier tenure rather than high turnover, which typically supports more careful maintenance and a quieter neighbourly environment. For downsizers seeking a lock-and-leave coastal lifestyle, or first-home buyers wanting a foothold in a premium suburb without the land price tag, this unit serves those needs well. The open-plan living, updated finishes, and balcony outlook common in this pocket reinforce its appeal as a low-maintenance property with genuine lifestyle pull.
The compact size and shared strata arrangement may temper price growth compared with detached houses, so the value case rests heavily on location and presentation rather than land content. Condition and any recent updates will likely drive buyer interest more than floor area, given the modest internal dimensions. The lake-and-sea aspect, if present from this unit, could add a meaningful premium, while a garden-level position might reduce that advantage. Rental demand appears steady for this product type, though yields in this coastal pocket tend to sit modestly, reflecting capital-value-driven pricing rather than income-led investment appeal. Buyers should weigh the trade-off between lifestyle scarcity and the inherent limits of strata living when forming a view on price.
|| Comparable Sales: 1/74 Military Road listed near $1.4M; 1/70 Military Road sold $507K Jan 2024 | Property Price Band: $500K–$600K | Value Drivers: lake outlook, internal condition, floor level
Detailed Independent Property Report prepared by PropCred Analyst team for 6/74 Military Road, Tennyson SA 5022
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✓
Execution Risk
✕
2
Market Insight
Tennyson is an exclusive coastal enclave defined by its high-value, low-volume property market. Demand is driven by established professionals seeking premium waterfront living, creating intense competition for a very limited number of homes. This has resulted in exceptional recent capital appreciation. Future growth is underpinned by its irreplaceable coastal position and constrained supply, though the market’s high entry point and sensitivity to broader economic conditions present inherent constraints.
PropCred Estimated Value
Comparable Sales: 1/74 Military Road listed near $1.4M; 1/70 Military Road sold $507K Jan 2024 | Property Price Band: $500K–$600K | Value Drivers: lake outlook, internal condition, floor level
Bedrooms
2
Bathroom
1
Parking
1
Land
127m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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