9 Michael Avenue, Hackham SA 5163
9 Michael Avenue, Hackham SA 5163
4 bedrooms, 2 bathrooms, 4 parking spaces, and a high-clearance shed on a 1,280 m² allotment. Built in 1972 as a single-level home. This is a large, family-oriented property in Hackham with a substantial land footprint.
What is competitively strong here is the land. At 1,280 m², this allotment is rare for Hackham, where modern subdivisions typically offer half that space. The high-clearance shed and four parking spaces add functional utility that newer stock lacks. The 1972 build, while older, often means solid construction and a layout that prioritises room size over open-plan trends. This property serves families who need space for children, pets, or vehicles, and it also appeals to buyers looking for land with future redevelopment potential. Its position in a convenient, family-friendly part of Hackam means steady demand from owner-occupiers who value established neighbourhoods over fringe estates.
The 1972 construction age may affect value through maintenance needs or energy efficiency compared to a modern build, so a buyer should weigh the cost of potential updates against the land value. The large lot might also offer subdivision or development opportunities, depending on council zoning, which could influence how you view the price. The property’s appreciation from $662,500 in 2022 to $830,000 in 2024 shows strong recent growth, but future value will depend on how the land’s potential is realised and the condition of the existing house. These factors should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Michael Avenue, Hackham SA 5163
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Hackham presents as a high-growth, high-demand suburb in southern Adelaide, with its housing market experiencing exceptionally strong capital appreciation. This momentum is primarily driven by investors and owner-occupiers seeking value, evidenced by rapid sales and significant price growth. The market is notably tight, with houses selling quickly, while the unit segment offers compelling rental yields, indicating robust investor activity. Future growth will likely be sustained by this strong demand, though the pace of recent gains may introduce affordability constraints over the longer term.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
1280m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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