97A Murrell Road, Modbury Heights SA 5092
97A Murrell Road, Modbury Heights SA 5092
Compact 3-bed infill house | 214m² build on 320m² land | High site coverage, low upkeep | Strong rental yield around 4% | Best suited to buyers wanting modern efficiency over yard space.
This house offers a genuinely efficient footprint for Modbury Heights, where much of the stock remains older and larger-lot. The 214m² building on a 320m² parcel means you are getting a near-new-style layout without the maintenance burden of a big block. Air conditioning, built-in robes, and a dishwasher are already in place, so the property is move-in ready rather than a project. With three car spaces including a double garage, it punches above its weight for parking. The estimated rent of $680 per week against the $893,000 value gives a gross yield near 4%, which is respectable for a detached house and makes this appealing to an investor or a first-time buyer wanting low-maintenance living. It sits in a residential zone with no bushfire, flood, or heritage overlays, which simplifies due diligence. The buyer this serves best is someone prioritising convenience, modern amenity, and rental return over sprawling outdoor space.
The modest 320m² land size may limit future extension options, and the high 67% site coverage leaves little room for significant additions without council approval. Buyers wanting a traditional backyard or scope to renovate will find this constrained compared to older homes nearby. School catchment appears address-specific, so verification is worthwhile before committing, particularly if schooling is a deciding factor. The property’s value may be influenced by how much weight the market places on land size versus building condition—given the recent update, the house itself carries the value more than the land. Rental demand appears steady, but the yield is not exceptional, so price sensitivity could emerge if similar compact houses enter the market. The lack of aspect or view data means orientation should be checked on site, as this could subtly affect liveability and resale appeal.
|| Comparable Sales: 97 Murrell Road, 3-bed 2-bath on 320m², sold near $880k–$920k; 8 Hinkler Crescent, 3-bed on 730m², sold in similar range | Property Price Band: $850,000–$950,000 | Value Drivers: recent update condition, compact low-maintenance land, parking provision and rental yield potential.
Detailed Independent Property Report prepared by PropCred Analyst team for 97A Murrell Road, Modbury Heights SA 5092
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Modbury Heights SA 5092 sits in the northeast Adelaide corridor, where family buyers aged 30-39 and trades or professional occupations drive demand for mid-range purchases. Annual house growth of 10.65% has lifted the median house price to $852,000, with units at $572,500. Tight conditions persist: vacancy sits at 0.34%, houses spend just 39 days on market, and 99 houses sell yearly. A 15.3% renter population supports a 4.12% gross rental yield, drawing investors seeking stable tenant profiles. Proximity to Modbury and Paradise employment hubs, plus bus connections to Tea Tree Plaza, anchors commuting appeal. School catchments are average but affordable, reinforcing family interest. Future momentum rests on constrained supply and infrastructure access, though stretched affordability relative to state medians and high sensitivity to interest rate rises temper the outlook.
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PropCred Estimated Value
Comparable Sales: 97 Murrell Road, 3-bed 2-bath on 320m², sold near $880k–$920k; 8 Hinkler Crescent, 3-bed on 730m², sold in similar range | Property Price Band: $850,000–$950,000 | Value Drivers: recent update condition, compact low-maintenance land, parking provision and rental yield potential.
Bedrooms
3
Bathroom
2
Parking
3
Land
320m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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