8 Grenada Avenue, Ingle Farm SA 5098
8 Grenada Avenue, Ingle Farm SA 5098
freestanding house on 766sqm | wide 22.8m frontage | flood overlay present | pool and solar | 5 bed potential
The property’s primary buying case rests on its wide 22.8-metre frontage and 766sqm lot, a configuration increasingly rare in Ingle Farm and one that offers genuine future optionality. The discrepancy between historical 3-bed records and the current 5-bed listing signals that meaningful renovations have been undertaken, likely adding value beyond standard suburb stock. With an in-ground pool and solar panels already in place, the house presents as a turnkey family proposition with room to grow. It is best suited to buyers who want a spacious single-level home on a substantial block, with the possibility of subdivision or further expansion subject to council approval. The school catchment and nearby exceeding-rated childcare reinforce its appeal to families.
The flood overlay is the property’s most material risk, potentially affecting insurance premiums and limiting certain development pathways. Buyers should verify with Salisbury Council the exact overlay restrictions before committing. The rental yield sits at a modest 3.3% gross, which is acceptable for a family home but not exceptional for investors. The active Domain listing contradicts off-market status elsewhere, suggesting a recent relisting that may indicate seller motivation. For a buyer willing to investigate the flood constraints and confirm the renovation quality, the wide frontage and strong location fundamentals present a solid opportunity in a steady market.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Grenada Avenue, Ingle Farm SA 5098
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Ingle Farm is a well-established northern Adelaide suburb positioned as an affordable family enclave, attracting professionals, couples, and retirees with its blend of older and modern homes. Demand is driven by its family-friendly amenities, including quality schools and recreational facilities, supported by strong transport links. The market exhibits robust price appreciation, with houses selling relatively quickly, indicating sustained buyer interest. Future growth is underpinned by its accessible entry point and balanced housing stock, though its popularity may introduce supply constraints as affordability attracts continued demand.
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PropCred Estimated Value
Bedrooms
5
Bathroom
1
Parking
3
Land
766m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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