9 Howard Florey Street, Adelaide SA 5000

9 Howard Florey Street, Adelaide SA 5000
Corner position with elevation | 2024 NBN upgrade | Adelaide High catchment | Four-bed townhouse on 70mΒ² This townhouse presents a competitively dense configuration for its location, offering four bedrooms within the Adelaide High School zone on a low-maintenance corner allotment. The 2004 build provides modern internal space, while the recent NBN enhancement supports contemporary work-from-home or tenant needs. It serves owner-occupiers seeking zoned access or investors targeting professional tenants drawn by the school catchment and inner-city proximity. The primary risk is the absence of recent comparable sales data, making price validation difficult against the listed range. The compressed 70mΒ² land component limits future subdivision or significant capital growth driven by land appreciation. Proceed only if the purchase aligns with a yield-focused hold for rental income, or a long-term occupancy need for the school zone, accepting that the value is in the built form and tenancy, not the underlying land.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Adelaide’s market is defined by exceptionally tight supply, creating a competitive environment that is driving strong price growth across both houses and units. Demand is underpinned by a diversified local economy and relative affordability compared to eastern capitals, attracting both active buyers and new entrants. This supply-demand imbalance, coupled with improving borrowing conditions, supports sustained upward momentum. However, sharply rising entry prices present a significant constraint for first home buyers, while limited new listings and construction timelines continue to pressure overall market activity.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

70mΒ²

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