7/508 Wright Road, Modbury SA 5092
7/508 Wright Road, Modbury SA 5092
Compact 1998 homette | tree-lined quiet side | flexible layout | strong Modbury demand
This property’s primary advantage is its configuration within a competitive price band-three bedrooms, a functional two-way bathroom, and a 122m² footprint give it an edge over newer units that often sacrifice space. The tree-lined outlook and undercover pergola create a private outdoor room that feels larger than the 271m² lot suggests, which matters for downsizers seeking a lock-and-leave with amenity. Positioned within Modbury High School catchment and walking distance to Westfield and the O-Bahn, it serves first-home buyers and investors equally well, though the rental yield at 3.4% is modest.
The flood overlay is the key risk-it may affect insurance premiums and future resale speed, though no heritage or bushfire constraints apply. The price guidance sits above the estimated value range, meaning the buyer must negotiate firmly or accept a premium for the floorplan’s rarity. FTTP and 5G coverage are present but secondary. For an owner-occupier, this works as a long-term hold; for an investor, the yield is below market average, so the play is capital growth from Modbury’s 7.1% annual lift. Hold for five years, refinance after value increase, and avoid overpaying now.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/508 Wright Road, Modbury SA 5092
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Modbury is a well-connected, family-oriented suburb attracting young professionals, which underpins strong demand. This demographic is driving robust price and rental growth, particularly in the unit segment, reflecting a dynamic market. Recent conditions show sustained momentum with properties transacting steadily. Future growth is supported by this entrenched demand profile, though affordability pressures and interest rate sensitivity present notable constraints given current price levels.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
271m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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