83 Collins Parade, Hackham SA 5163
83 Collins Parade, Hackham SA 5163
Established 1970s house | medium block around 600m² | 3-bed 1-bath layout | strong investor and first-home buyer demand | solid rental yield potential
This property sits comfortably within Hackham’s core housing market, where older detached homes on usable blocks remain the dominant and most sought-after stock type. The configuration—likely three bedrooms, one bathroom, and space for multiple cars—serves a practical family layout that has consistently appealed to first-home buyers and investors alike. Its position on a medium-sized allotment offers enough outdoor room for shedding, yard space, or future improvements without the maintenance burden of a larger block. The street itself is established and quiet, with a mix of original and renovated homes, which means this property can attract buyers looking for either a ready-to-move-in home or a value-add opportunity depending on its current condition.
The property’s age and condition will most materially shape its final price point. If the kitchen, bathroom, and flooring have been updated, it may compete with the stronger end of the local market, where renovated homes have commanded noticeable premiums. If it remains in original condition, the value may sit closer to the entry-level range, with the renovation potential acting as a drawcard for buyers seeking equity through improvements. The presence of a nearby retail centre adds everyday convenience but may also bring slightly higher traffic along parts of the street, which could be a minor consideration for some purchasers. Rental demand appears steady, with yields in the low-to-mid four percent range, making this a reasonable proposition for investors seeking consistent returns rather than rapid growth.
|| Comparable Sales: 40 Collins Parade sold at $512,000; 48 Collins Parade valued around $760,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition and renovation level, land size around 600m², layout suitability for families or investors
Detailed Independent Property Report prepared by PropCred Analyst team for 83 Collins Parade, Hackham SA 5163
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Hackham, in southern Adelaide, is a value-driven market with strong momentum. House prices have risen 12.4–15.65% annually, pushing the median to roughly $700,000; units are at $205,000 with 18.84% growth. Demand is anchored by affordability, solid rental yields (4.47% houses, 10.39% units) and quick turnover—houses average 23 days on market, or 40 days for 3-bedroom houses, with 55–69 sales recorded in the past year. Main South Road provides connectivity. The rapid price appreciation and short selling times indicate constrained supply relative to demand.
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PropCred Estimated Value
Comparable Sales: 40 Collins Parade sold at $512,000; 48 Collins Parade valued around $760,000 | Property Price Band: $500,000–$600,000 | Value Drivers: condition and renovation level, land size around 600m², layout suitability for families or investors
Bedrooms
3
Bathroom
1
Parking
1
Land
550m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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