Enfield has had a quite poor year for property investment returns compared to the rest of SA, giving investors a capital gain of 1.27% to date .
The five-year average increase in median property values for Enfield,5085 has given property investors a potential capital gain of 11.89% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.41% offered to property buyers. Sellers in Enfield itself are offering an average vendor discount of -6.13% to real estate investors.
Property investors should expect to get $345 weekly from the median priced house in this suburb.
While Enfield,5085 ranked number 2nd in SA for increase in median house value (annualised) increase, it is ranked 5th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Enfield is offering property investors an average of -6.37. This rate of discount on properties puts Suburb at number 87th in terms of most discounted suburbs in SA
With the median price for a house in Enfield being $347000 and the advertised rent reaching $267.5 the gross rental yield for property investors calculates out to be 4.01%