Lot 12 - 4 Radnell Street - Ridgehaven

Description

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Ridgehaven is a leafy, family-oriented suburb located about 15 km northeast of Adelaide’s CBD within the City of Tea Tree Gully. Developed primarily in the 1960s, it remains a stable residential area surrounded by well-established streets and green spaces.

The suburb spans around 2.1 km² and had approximately 4,304 residents in 2021—a 7.4% increase since 2016. Most households are owner‑occupied, typically couples with no children, and mortgage repayments often range from $1,400 to $1,800 per month. The dominant age bracket is 30–49 years. Employment is mostly in professional, clerical, and trade occupations.

Recent property performance has been strong. The median house price is roughly $750,000, up nearly 12% year‑on‑year, while units sit around $541,000 with 20% growth. Houses rent for about $592 per week (yielding 4.2%), and units $492 weekly (4.6%). In the past year, 77 houses and 25 units sold, taking around 42 days to sell for houses and 27 days for units.

Green space is a key feature—12 parks occupy about 13% of the area, including access to major reserves like Cobbler Creek Recreation Park. Ridgehaven Primary School is the only school within its borders; additional educational institutions nearby include St David’s Parish, Banksia Park International High, Modbury High, and the TAFE Tea Tree Gully campus.

Connectivity is solid: multiple bus routes run through the area, with the nearest O-Bahn interchange in Modbury. Ridgehaven is close to major roads like North East and Golden Grove Roads, making access to central Adelaide convenient.

Crime rates are below the state average. In 2024 there were about 29 crimes per 1,000 people—roughly 3.7 violent incidents per 1,000 and 22.8 property crimes per 1,000—placing Ridgehaven in the safer third of suburbs.

Feedback from local residents reflects a positive picture, praising its family-friendly vibe, proximity to shopping, quality schools, quiet leafy streets, and low crime.

In summary, Ridgehaven offers a mature, stable community with appealing green surroundings, solid property growth and strong rental returns, convenient transport links and access to schools, reserves, and shopping, and low-to-moderate crime levels. It's a compelling suburb for families, professionals, and investors seeking quality suburban living with reliable amenities and good property fundamentals.

• Property Type: House and Land
• Property Stage:
• Price: $ 848,200.00
• Land Price: $ 480,000.00
• Build Price: $ 368,200.00
• Beds: 4
• Bath: 2
• Garage: 1
• Storey: 1
• Study: N/A
• Power Rooms: N/A
• MPR: N/A
• Powder Room: N/A
• Balcony: N/A
• Floor Plan: 9M HOVE 4
• Completion: N/A
• Land Size: 427
• Area Size: 153.00
• Year Built: N/A
• Est. Rates: N/A
• Est. Rent PW: 700.00
• Est. Body Corp.: N/A
• Title Status: To be confirmed
• Gross Per Week: $ 700.00
• Gross Per Annum: $ 36,400.00
• Gross Yield: 4.29%
• Capital Growth 12 Months: 7.26%
• Capital Growth 10 Year Annualised: 6.94%
• Vacancy Rate: 0.22%