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Location

Market Insights for Morphettville SA 5043

New Listings (last 30 days)

Average price

$968,250

Lowest price

$649,000

Highest price

$1,900,000

7 Ellis Avenue, Morphettville SA 5043

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Search Band Search Visibility Band

$1M - $1.1M Medium Confidence Calculated based on our search observations.

House 741 m²

Listed: 5th Jul 2026

Updated: 4 days ago

Overview

This unique property presents a combined residential and boutique equestrian opportunity, situated less than 150 metres from one of South Australia's premier racecourses. Spanning 741 square metres, the site's significant size and specialised layout accommodate a range of equine facilities alongside a residence, providing functional and lifestyle benefits.

The site features accommodation space for up to 11 horses, including day and night yards, stable boxes, and a dedicated storage area, offering convenience and versatility for horse owners or enthusiasts. These amenities, coupled with a high carport designed to protect your float and four-wheel drive vehicle, underscore the property’s suitability for those involved in racing or equestrian pursuits.

At the heart of the property is a bungalow residence comprising 5 to 6 rooms plus an office space. This living arrangement is ideally suited for those seeking proximity to their horses while maintaining comfortable home essentials. The existing residential facilities offer the potential for tailored living or working spaces.

Moreover, the property benefits from a favourable planning overlay supporting increased density development (subject to council consents), creating compelling future development prospects. This aspect may appeal to investors or developers considering potential value growth and redevelopment opportunities.

This property is particularly attractive to hobbyists, horse owners, or investors who value the specialized accommodation and proximity to established racing infrastructure. Its affordability and rare combination of residential and equestrian facilities present a noteworthy offering in Morphettville.

Local Market Insights

In Morphettville, Quiet Listings observed 24 new houses entering the market over the last 30 days, up from 20 during the previous 30-day period, with an average advertised asking price of $968,250. The property type mix of listed properties is predominantly Houses at 83%, followed by units (6%), and land (6%). The most active agency for houses in the Morphettville area is currently Ray White, representing 54% of new listings, followed by Magain Real Estate with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.