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Location

Market Insights for Morphett Vale SA 5162

New Listings (last 30 days)

Average price

$833,870

Lowest price

$450,000

Highest price

$1,800,000

Lot 2&3/37 Surrey Parade, Morphett Vale SA 5162

$999,000 - $1,079,000

Search Band

$999k - $1.05M Transparent Based on an openly advertised listing price.

House 3 beds 3 baths

Listed: 13 days ago

Overview

This unique investment opportunity at Lot 2&3/37 Surrey Parade in Morphett Vale offers a pair of meticulously designed dwellings, each transformed to house three one-bedroom apartments. Scheduled for completion in late 2027, these homes present a compelling prospect for investors seeking multiple income streams or homeowners interested in a live-and-rent arrangement.

Designed by a renowned local builder, the properties feature contemporary architecture that maximizes space and functionality. The clean lines and modern fittings combine style with practicality, ensuring enduring comfort and aesthetic appeal. Each apartment includes a modern kitchenette complete with stainless steel appliances, a private bathroom, and bedrooms equipped with built-in robes, underpinning a balance between convenience and privacy.

Additional features such as panel lift roller doors, Westinghouse appliances including dishwashers, and 2.7m high ceilings elevate the quality of living. The residences are fully insulated and painted in warm wattle tones, contributing to a pleasant interior ambiance. Low-maintenance landscaping, including grey concrete paving, rainwater tanks, letterboxes, and clotheslines, enhances the lifestyle suitability for busy owners or tenants.

Situated in a well-established suburb, the location provides easy access to several schools including Morphett Vale Primary and Wirreanda Secondary, making it relevant for families. Shopping needs and amenities are met by nearby Colonnades Shopping Centre and Noarlunga Centre, while convenient transport links and recreational spaces abound in the surrounding area. This blend of practical living spaces and a strategic location renders the development attractive to investors and potential residents looking for a reliable income source paired with community convenience.

These dwellings represent a low-maintenance, high-yield investment with a thoughtful design tailored to today’s market demands. Whether securing multiple rental incomes or acquiring a smart residence with supplementary income potential, this offering stands out for its blend of investment strategy and lifestyle benefits.

Local Market Insights

In Morphett Vale, Quiet Listings observed 46 new houses entering the market over the last 30 days, up from 37 during the previous 30-day period, with an average advertised asking price of $833,870. The property type mix of listed properties is predominantly Houses at 82%, followed by units (12%), and land (5%). The most active agency for houses in the Morphett Vale area is currently Magain Real Estate, representing 33% of new listings, followed by Ray White with 28%. 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.