8 Riverpark Road
27 days on Market

8 Riverpark Road,
Long Flat, SA

house
First listed on 25/12/2024
Property Overview
Bedrooms4
Bathrooms2
Car Spaces8
Current Asking Price

$1.9M

Cash Required (10% Deposit)

$368,404

Agent

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Market Appraisal

Confidence

High

High

$1,360,000

Medium

$1,200,000

Low

$1,040,000

Appraised Rent

Confidence

Not Found

-

Original Listing

Street Statistics

Public Housing (%)

0%

Owner Occupiers (%)

88.6%

Median Street Sold Price

-

Median Street Rental Yield

-

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Property Investment Scores

Property

Configuration

Very Good

Street

Sweet Spot

Average

Suburb

Proj. Growth

Average

Overall

Investment

Average

Under Market Value

$50,000

Net Cashflow PA

-$51,732

Gross Yield

-

Purchase Costs

Asking Price

-

Estimated Purchase Price

$1,150,000

Stamp Duty

$57,080

Transfer Fee

$10,883

Conveyancing

$1,226

Deposit (10%)

$115,000

Reg. Mortgage

$187

LMI Premium

$36,333

Renovation Costs

-

Total Cash/Equity Required

$221,259

Income Statement (Cashflow)

Income

Assumptions

Year 1

Year 10

Rent Received

+4.0% PA

-

-

Expenses

Property Management

+7.7% PA

-

-

Rates

+3.0% PA

$2,072

$2,703

Water

+3.0% PA

$1,271

$1,658

Insurance

+3.0% PA

$1,250

$1,631

Repairs & Maintenance

+3.0% PA

$1,000

$1,305

Net Operating Income

-$5,593

-$7,298

Interest Repayments

$68,310

$68,310

Net Cashflow Before Tax

-$73,903

-$75,608

Depreciation

-

-

Tax Offset

-$22,171

-$22,682

Net Cashflow After Tax

-$51,732

-$52,925

Balance Sheet

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Assets

Assumptions

Year 1

Year 10

Property Value

6.8%

$1,281,600

$2,316,828

Liabilities

Loan Balance

I.O

$1,035,000

$1,035,000

Net Equity

$246,600

$1,281,828

Property Inspection Report

Property Overview

This modern architectural masterpiece sits on a sprawling 2,377m2 lot within the prestigious Riverpark Estate, offering panoramic views of the countryside and the scenic River Murray. With 4 bedrooms, including a master with an ensuite and walk-in robe, the home features open plan living and dining areas, a luxurious kitchen, and a butler's pantry. Highlights include a theater room, study room/nursery, and multiple bathrooms with premium amenities. Outdoors, you'll find an undercover entertaining area, a massive shed, and beautifully landscaped grounds. The property provides private river access and is only a short drive to Murray Bridge and a quick freeway commute to Adelaide.

Inspection Checklist

  • Verify the actual size and boundary of the property.
  • Confirm quality and condition of flooring, including polished concrete and solid timber.
  • Check for any signs of wear and tear in the kitchen appliances and butler’s pantry.
  • Inspect the functioning of the feature fireplace and air conditioning system.
  • Examine the layout and fittings of the theatre room and study/nursery rooms.
  • Inspect plumbing fixtures in the bathrooms and verify the water pressure.
  • Check the condition and operation of the automatic garage door.
  • Examine the exterior shed structure and functionality of the roller doors.
  • Verify the operation of the auto irrigation system in the landscaping.
  • Confirm private access rights to the riverfront reserve and discuss any associated fees.
  • Assess commuting times to Murray Bridge and Adelaide during different times of day.

Questions for Agent

  • Can you confirm the boundaries and precise size of the land?
  • What are the specifics and brand details of the kitchen appliances?
  • Could you provide more information on the theater room's design and technology capabilities?
  • Can you explain the air conditioning and heating systems in more detail?
  • Are there any homeowners association fees for the Riverpark Estate?
  • What maintenance or updates have been done recently on the property?
  • How is the internet and mobile connectivity in this area?
  • What are the current rules and regulations about using the riverfront reserve?
  • Could you tell me more about the water storage system and its capacity?
  • What makes Riverpark Estate prestigious compared to other developments in the area?

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0

0

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Annual Cashflow

-

Yield

-13.6%

return

Location Opportunity

Murray Bridge statistics

Location, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.

21,644

2021 Population

34

Suburbs

Demand

Employment

Em

New project

Pr

lifestyle

Li

population

Po

Supply

New Supply

Su

Opportunity

Opportunity

Op

Em

Employment Industries
Very Diverse

Retail Trade - 13.0%

Manufacturing - 12.0%

Health Care and Social Assistance - 12.0%

Agriculture, Forestry and Fishing - 9.0%

Others - 54.0%

income growth
Average

Average Income

COMMUTE TIME

75mins

39kms

Average

Pr

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Spent Per Capita

$44K
1

Thomas Foods International

A new meat processing facility that will create over 2000 jobs and process up to 100000 cattle per year

ManufacturingUnder construction
$300M
2

FRV Services Australia Pty Ltd

A 200MW solar farm that will generate enough electricity to power over 40000 homes

ManufacturingConfirmed
$200M
3

SA Water

An upgrade to the existing water treatment plant to improve water quality and increase capacity

ManufacturingUnder construction
$50M
4

SA Water

Upgrade of the Murray Bridge Wastewater Treatment Plant to improve treatment capacity and reduce environmental impact

Energy, Electricity, Gas & WaterUnder construction
$25M
5

Enel Green Power

Construction of a 50MW solar farm to generate renewable energy and reduce carbon emissions

Energy, Electricity, Gas & WaterConfirmed
$50M
6

APA Group

Upgrade of the gas pipeline infrastructure to improve supply reliability and meet growing demand

Energy, Electricity, Gas & WaterUnder consideration
$30M
7

Boral Limited

The Murray Bridge Quarry is a limestone quarry located near Murray Bridge South Australia The quarry has been in operation since 2015 and produces highquality limestone products for the construction industry

MiningConfirmed
$25M
8

Terramin Australia Limited

The Monarto Zinc Project is a zinc mine located near Monarto South Australia The project involves the development of an underground mine and processing plant to produce zinc concentrate

MiningUnder Construction
$50M
9

Holcim Australia Pty Ltd

The Mannum Limestone Quarry is a limestone quarry located near Mannum South Australia The quarry produces highquality limestone products for the construction industry

MiningConfirmed
$30M
10

Murray Bridge Council

A stateoftheart rowing centre with facilities for athletes spectators and the local community

Community & Other servicesComplete
$25M
11

SA Health

A major redevelopment of the Murray Bridge Hospital to improve healthcare services for the local community

Community & Other servicesUnder Construction
$30M
12

Murray Bridge Council

A new sports precinct featuring multiple playing fields amenities and facilities for local sports clubs and the community

Community & Other servicesConfirmed
$20M
13

SA Health

The Murray Bridge Soldiers Memorial Hospital Redevelopment project involves the construction of a new hospital building as well as upgrades to existing facilities The project aims to improve healthcare services for the local community

HealthUnder construction
$33M
14

Department of Planning, Transport and Infrastructure

The Murray Bridge Rail Overpass project involves the construction of a new rail overpass on the AdelaideMelbourne rail line improving safety and reducing congestion

Transport & StorageUnder construction
$45M
15

Murray Bridge Council

The Murray Bridge Freight Hub project involves the development of a new freight hub improving the efficiency and capacity of freight movements in the region

Transport & StorageConfirmed
$30M
16

Flinders Port Holdings

The Murray Bridge Riverport Upgrade project involves the upgrade of the existing riverport facilities improving the efficiency and capacity of cargo movements

Transport & StorageUnder consideration
$25M
17

Murray Bridge Council

A revitalisation project for the Murray Bridge town centre including upgrades to infrastructure and public spaces

Mixed useUnder construction
$10M
18

Private Developer

A major redevelopment of the Murray Bridge Marketplace including new retail and dining spaces

Finance, Property & Business servicesUnder Construction
$30M
19

Murray Bridge Council

A major revitalisation of the Murray Bridge waterfront including new public spaces and amenities

Finance, Property & Business servicesConfirmed
$40M
20

Private Developer

An expansion of the existing Murray Bridge Business Park including new industrial and commercial spaces

Finance, Property & Business servicesUnder Consideration
$20M
21

Murray Bridge Hotel Pty Ltd

Redevelopment of the Murray Bridge Hotel including new accommodation rooms and amenities

AccommodationUnder construction
$25M
22

River Murray Resort Pty Ltd

New resort development on the River Murray featuring accommodation rooms restaurants and recreational facilities

AccommodationConfirmed
$30M
23

Murray Bridge Council

Upgrade of the existing Murray Bridge Caravan Park including new amenities and infrastructure

AccommodationUnder consideration
$15M
24

Neoen

A 120 MW solar farm to generate renewable energy for the region

TradeConfirmed
$120M
25

SA Water

The Murray Bridge Irrigation Scheme is a 25 million project that aims to improve irrigation efficiency and reduce water losses in the Murray Bridge area

Agriculture, Forestry & FishingUnder construction
$25M
26

River Murray Water

The River Murray Water Storage Project is a 30 million project that aims to construct a new water storage facility to support irrigation and other water users in the Murray Bridge area

Agriculture, Forestry & FishingConfirmed
$30M
27

Murray Bridge Fish Farm Pty Ltd

The Murray Bridge Fish Farm is a proposed 20 million project that aims to establish a new fish farm in the Murray Bridge area producing a range of fish species for domestic and export markets

Agriculture, Forestry & FishingUnder consideration
$20M
28

Government of South Australia

A new regional rowing centre to support the growth of rowing in the region

GovernmentUnder construction
$25M
29

Government of South Australia

A major redevelopment of the Murray Bridge Hospital to improve healthcare services in the region

GovernmentConfirmed
$30M

Li

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Local Services

Good

1

Coles

Supermarket

5km
2

Woolworths

Supermarket

5km
3

Bunnings

Shopping Centre

5km
4

Parafield Airport

Airport

73km
5

Adelaide Airport

Airport

74km
6

Murray Bridge Soldiers Memorial Hospital

Hospital

4km
7

Unity College OSHClub

School

2km
8

Unity College Inc

School

2km
9

Fraser Park Child Parent Centre

School

3km
10

Flinders University

University

68km
11

TAFE SA

University

68km

Po

Population Growth

Average Population

SUPPLY vs POPULATION
Under Supply

Projected Population Growth

2.6%

projected

for 2025 to 2027

High

Su

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Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.

Recent New Home Construction

3.3%

Average
SALES PRICE GROWTH

Monthly % Change in Median House Prices (Prev. Quarter)

Rental Yield

No data available

VACANCY RATE
Very Good

Average Vacancy Rate

Days of Supply
Poor

Average Days of Supply

Owner Occupier Level

No data available

VENDOR DISCOUNTING
Poor

Average Population

Pricing

Sold Price

Asking Price

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