7 Buckingham Drive, Salisbury East SA 5109
7 Buckingham Drive, Salisbury East SA 5109
3 bed house on compact 317m² lot | Sold June 2025 for $667k | Small block limits extension scope | Active local buyer demand | Mixed street character
The property presents as a straightforward three-bedroom house on a modest 317m² parcel, which is noticeably tighter than much of the detached stock in Salisbury East. That compact footprint is both its main limitation and its defining feature — it suits buyers prioritising affordability and low-maintenance living over space for future expansion. The June 2025 sale at $667,250 suggests the market has already priced in the smaller land component, and the house should appeal most to first-home buyers or investors seeking a solid rental proposition in a suburb with healthy turnover and a median house rent around $530 per week.
The small site may constrain renovation or extension potential, which could matter if you are comparing against larger neighbouring blocks that offer more flexibility. Condition and presentation will likely carry significant weight here, as the property’s value rests more on the house itself than the land beneath it. Street character is mixed, with units and detached homes sitting side by side, so the immediate context may influence perceived desirability. Buyers should weigh whether the compact layout and limited outdoor space align with their medium-term plans, as resale could hinge on how well the interior is maintained.
|| Comparable Sales: 1 Buckingham Drive sold around $680k–$700k on 580m²; 34 Buckingham Drive listed at $840k on 302m² | Property Price Band: $650k–$750k | Value Drivers: land size, internal condition, street presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Buckingham Drive, Salisbury East SA 5109
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Salisbury East, in Adelaide’s northern corridor off Main North Road, is a family-oriented suburb of 9,273 residents and average household size 2.4. Demand is led by 30-39-year-old tradespeople and families, many with mortgages. The median house price is $730,000, with annual growth of 14.1%; 3-bedroom houses average 52 days on market, 4-bedroom 57 days. Recent sales include $830,000 and $936,000 for four-bedroom homes and $980,000 for five bedrooms; two-bedroom units are $450,000. Rent evidence shows $600 for three bedrooms and $690 for four, indicating consistent occupier demand. Supply is moderate at 137-163 sales annually and only 3-6 listings last month. Future growth is supported by Main North Road connectivity and population expansion of 3.35% from 2016 to 2021, but affordability is a constraint: median incomes are moderate against $730,000 prices, and 53% mortgage-holder prevalence leaves the market rate-sensitive.
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PropCred Estimated Value
Comparable Sales: 1 Buckingham Drive sold around $680k–$700k on 580m²; 34 Buckingham Drive listed at $840k on 302m² | Property Price Band: $650k–$750k | Value Drivers: land size, internal condition, street presentation
Bedrooms
3
Bathroom
1
Parking
2
Land
314m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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