82/220 Greenhill Road, Eastwood SA 5063

82/220 Greenhill Road, Eastwood SA 5063
Fifth-floor refurbished unit | 3 bed, 2 bath, 2 car configuration | Prime school catchments | In-complex comparables support value This property presents a competitively strong offering within its complex, defined by its three-bedroom, two-bathroom, and two-car configuration—a combination that is rare and highly functional for upsizers or small families seeking apartment living. Its fifth-floor position and recent refurbishment command a premium, while its placement within the catchments of high-demand government and independent schools directly targets a specific, motivated buyer segment seeking educational access. This unit serves owner-occupiers most effectively, providing a turnkey solution in an active market. The decision hinges on the price point, which sits at the upper limit of evidenced value. The primary risk is paying a refurbishment premium not fully supported by recent comparable sales data within the complex, as the last sale of this unit was over three years ago. The opportunity lies in securing a scarce, well-finished configuration in a tight school zone; the commercial logic is that such scarcity sustains capital holding power. Proceed only if the purchase aligns with a long-term hold strategy to absorb market cycles, not for short-term trade. Recent in-complex sales indicate a value benchmark: – 128/220 Greenhill Road: Sold for $1,210,000. Configuration: 3 bed, 1 bath, 2 car, 114m². – This subject unit, with an additional bathroom and refurbishment, justifies a premium over the above sale, anchoring the current asking range. The lack of more recent, directly comparable sales necessitates caution, but the functional superiority of this floorplan is clear.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

Eastwood presents a tightly held, mature suburb characterised by low sales volumes and a demographic of established, outright owners. Demand is driven by downsizers and professionals within a constrained Adelaide market, where low listings support competitive conditions. While house prices have softened, the unit segment shows strong growth, indicating a divergent market. Future performance hinges on broader market supply dynamics, though the suburb’s limited turnover and ageing demographic present inherent constraints to liquidity and significant price acceleration.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

114m²

Built

Recent Assessments