7 Illalong Cres, Munno Para SA 5115
7 Illalong Cres, Munno Para SA 5115
3-bed, 1-bath on 629m² | 224m² building area | bushfire overlay | established Munno Para | family-oriented
The property is positioned on one of the larger blocks in its immediate pocket, with a building area that is unusually generous relative to its bedroom count. That combination suggests substantial internal space, likely with large living zones or rooms, rather than the compact layouts found in newer subdivisions. The house is well suited to budget-conscious families who need room to move indoors and outdoors, or to investors seeking a broad rental appeal. Its location in an established part of Munno Para places it within easy reach of local shopping, transport, and the growth corridor around Edinburgh, which supports consistent interest from first-home buyers and growing households. The older build is offset by the sheer practicality of the floor plan and the land beneath it.
The 1978 construction may require more immediate attention than a newer property, particularly around the bathroom and kitchen. The bushfire overlay might influence insurance costs and could factor into future renovation decisions, though it does not typically hinder resale in this area. The single bathroom is a potential constraint for larger families, and the reported building size suggests some rooms could be oversized relative to their use. A buyer might weigh the opportunity to reconfigurate the internal layout or add a second bathroom against the cost of doing so. The land itself is a strong holding point, giving future flexibility for extensions or outdoor living.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Illalong Cres, Munno Para SA 5115
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Munno Para, in Adelaide’s northern corridor, is a young, entry-level market: population sits at 7,577, with a median age of 29, and demand is driven by first-home buyers, young families, and investors chasing rental yields above 4.5%. House prices have reached a median of $610,000 with 5.35% annual growth, while units are surging at 19.05% to a $550,000 median—signal of tightening supply. Houses clear in 28 days, and 177 sales annually indicate steady turnover. Rents of $550 weekly for houses and $500 for units underpin investor returns, with rental demand from new residents a core support. Infrastructure upgrades, including road extensions, enhance family appeal, though local schools are only average, pushing some buyers toward private options nearby. Future growth hinges on continuing infrastructure investment and population inflow, but affordability is strained: at $610,000, median prices challenge lower-income first-timers, new development is constrained, and rate-sensitive young mortgage holders face risk if borrowing costs rise. Unit growth at 19% may also outpace rental growth, compressing yields over time.
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PropCred Estimated Value
Comparable Sales: 5 Illalong Cres sold for $450,000 in 2024 | Property Price Band: $600K–$700K | Value Drivers: land size, building area, location appeal
Bedrooms
3
Bathroom
1
Parking
3
Land
627m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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