8 Mulberry Road, Glenside SA 5065
8 Mulberry Road, Glenside SA 5065
Modern 2018 townhouse | Strong school catchment | Compact 311m² land | Premium rental appeal
This property sits in the newer, higher-value segment of Glenside’s housing mix, offering a low-maintenance townhouse format that stands apart from the suburb’s older detached stock. Built in 2018 with floorboards, reverse-cycle air conditioning and secure remote garage parking, it presents as a turn-key option for buyers who want contemporary finishes without renovation work. The configuration—three bedrooms, two bathrooms and three toilets—works well for professional couples, downsizers, or families prioritising access to Linden Park Primary and Glenunga International High. Its estimated rental return of $925 per week signals strong premium demand, though the modest gross yield near 3.8% suggests owner-occupiers, not investors, will likely drive the final price.
The compact 311m² land parcel and attached form may limit appeal for buyers seeking space or future extension potential, though the absence of bushfire, flood or heritage overlays simplifies any alteration pathway. The 2018 build means depreciation benefits are partially exhausted, which could temper investor enthusiasm. Recent nearby sales on the same street, including a comparable three-bedroom townhouse achieving $1.31M, provide a useful reference point, but the smaller land size here may justify a slight adjustment. Buyers should weigh the premium school catchment against the modest outdoor area, and consider how the townhouse format compares with detached options in the same price range.
|| Comparable Sales: 10 Mulberry Road sold $1.31M; 66 Mulberry Road recent sale confirmed | Property Price Band: $1.2M–$1.3M | Value Drivers: school catchment, modern condition, compact land size
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Mulberry Road, Glenside SA 5065
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Glenside demand is driven by premium inner-east positioning near the Adelaide CBD, lifestyle amenity and redevelopment activity, attracting affluent professionals and established families. The buyer base is predominantly owner-occupier, supporting price resilience but limiting turnover in a tightly held market.
The key opportunity lies in constrained supply and ongoing gentrification, with very low listings (~13 for sale) and strong historical growth (~12–13% annually) underpinning long-term capital stability. The primary risk is low yield (~2.8–3%) and thin liquidity, where price movements are driven by limited transactions rather than broad demand.
Recent trends show strong growth but emerging volatility, with some data indicating short-term softening despite elevated price levels, signalling a market transitioning from rapid growth to stabilisation
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 10 Mulberry Road sold $1.31M; 66 Mulberry Road recent sale confirmed | Property Price Band: $1.2M–$1.3M | Value Drivers: school catchment, modern condition, compact land size
Bedrooms
3
Bathroom
2
Parking
2
Land
132m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!