8/360 Anzac Highway, Plympton SA 5038
8/360 Anzac Highway, Plympton SA 5038
2 bed, 1 bath, 1972 build | 1 car + 1 carport | 11m² land, unit title | Anzac Highway corridor | Compact, low-maintenance living
This unit sits in a well-established older apartment block along Anzac Highway, a corridor that balances convenience with affordability better than most of Plympton’s detached housing stock. The configuration is straightforward: two bedrooms, one bathroom, and two parking spaces, which is a genuine edge for this property type. Many comparable units in the area make do with a single car space, so the added carport improves everyday practicality and rental appeal. The 1972 build means solid construction and a layout that has stood the test of time, though the internal footprint is likely compact. That is not a drawback for the right buyer. This unit serves first-home buyers wanting a foothold in a well-located suburb, downsizers trading land for lock-and-leave ease, or investors chasing yield from a proven rental corridor. The 11m² land component is purely administrative under unit title, so there is no usable outdoor space to maintain, which keeps ongoing costs low and the property genuinely low-maintenance.
The main factors that might shape the property’s value are condition and presentation. A 1972 unit that has been updated — modern kitchen, refreshed bathroom, new flooring — will sit at the top of its price band, while one needing cosmetic work will appeal to buyers expecting a discount for sweat equity. The Anzac Highway position brings traffic noise and street exposure, which some buyers will weigh against the convenience of being roughly five kilometres from both the CBD and Glenelg. The absence of heritage, flood, or bushfire overlays removes compliance risk, and the secure complex with visitor parking adds a layer of appeal that older blocks do not always offer. The rental demand in this corridor is consistent, supported by transport access and proximity to schools, so an investor can reasonably expect steady occupancy.
|| Comparable Sales: 5/360 Anzac Highway sold $255,000 in 2018; 2/263 Anzac Highway sold $625,000 | Property Price Band: $350,000–$450,000 | Value Drivers: condition, parking provision, internal layout
Detailed Independent Property Report prepared by PropCred Analyst team for 8/360 Anzac Highway, Plympton SA 5038
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Plympton sits on Adelaide’s inner-south corridor, anchored by Anzac Highway and Marion Road commercial hubs. Demand is driven by rapid turnover—59 houses and 90 units sold in the past year—and strong momentum, with house prices up 23.2% and units up 33.8% annually. The median house price is $1.17 million; units average $580,500. Houses sell in 27 days, reflecting tight supply, with only seven listings currently. Rental yields are modest—2.9% for houses, 4.2% for units—and house rents fell 2.9%, signalling landlord caution. Future growth hinges on infrastructure and scarce stock, but high entry prices, rate sensitivity, and low house yields constrain upside.
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PropCred Estimated Value
Comparable Sales: 5/360 Anzac Highway sold $255,000 in 2018; 2/263 Anzac Highway sold $625,000 | Property Price Band: $350,000–$450,000 | Value Drivers: condition, parking provision, internal layout
Bedrooms
2
Bathroom
1
Parking
1
Land
71m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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