7/137 Anzac Highway, Kurralta Park SA 5037
7/137 Anzac Highway, Kurralta Park SA 5037
2 bedrooms, 1 bathroom, 1 carport space, 93 square metres of internal living area, built in 1969, with split system air conditioning and heating, a dishwasher, and a courtyard. This unit sits within a multi-unit complex on a major arterial road.
This unit is competitively positioned as a straightforward, entry-level property within a well-established 1960s complex along the Anzac Highway corridor. Its 2-bedroom, 1-bathroom configuration is the dominant stock type in this area, meaning it appeals directly to first-home buyers and small families seeking an affordable foothold, as well as investors targeting consistent rental demand. The estimated weekly rental income of $535 suggests a gross yield near 4.0 percent, which is a solid signal for an investor. The property’s location offers high walkability and strong transport links to both Glenelg and the city, making it a practical choice for owner-occupiers who prioritise convenience over a quiet setting. The presence of a courtyard and built-in robes adds functional appeal for its size.
The property’s value may be materially affected by its direct frontage onto a major arterial road, which introduces ongoing traffic noise and potential air quality concerns. The 1969 construction date suggests that maintenance costs could be a factor for a buyer to weigh, particularly if the unit has not been substantially renovated since its original build. A detected flood overlay on the lot may also influence insurance premiums and future development potential. A buyer should consider how these factors align with their tolerance for noise and long-term holding costs when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/137 Anzac Highway, Kurralta Park SA 5037
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Kurralta Park is an up-and-coming, well-located suburb with strong transport links and amenities, driving demand from families and investors. Recent market conditions show a stark divergence, with house prices experiencing robust growth while the unit market has seen a significant correction, indicating potential oversupply. Future growth is anchored by its proximity to the city and established infrastructure, though key risks include affordability pressures for houses and the suburb’s sensitivity to interest rate changes given its high proportion of renters and investor activity.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
93m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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