2 The Boulevard, Parafield Gardens SA 5107
2 The Boulevard, Parafield Gardens SA 5107
5 bed on 407mยฒ | 4 car spaces | auction campaign | strong street demand
The property’s configuration is its primary competitive advantage: five bedrooms and four car spaces on a standard 407mยฒ block suggests efficient design that directly targets the larger family buyer poolโa segment often under-supplied in established suburbs. Recent sales on The Boulevard for smaller homes have cleared in the high seven to high eight hundred thousand range, which positions this listing as a potential value play if the internal condition and floor area are competitive. The auction method is appropriate here; it allows the market to price a property with an unusual bedroom-to-land ratio, and the buyer who prepares comparables for 3 and 4 bed homes on the same street will have a clear ceiling for their bidding.
The primary risk is that the floor area is not disclosedโif the living spaces are cramped despite the bedroom count, the property may struggle to justify a premium over the 4-bed sale at 114 The Boulevard. Buyers should also verify whether the 4-car accommodation is undercover or simply hardstand, as this affects both utility and resale. The opportunity lies in the absence of disclosed overlays and the presence of FTTP and 5G coverage, which support modern living without structural risk. For a buyer, this property is best held as a long-term family home or a future subdivision candidate if zoning permitsโeither way, the bedroom count and parking give it a durable edge in a market that rewards flexibility.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2 The Boulevard, Parafield Gardens SA 5107
Market Insight:
Parafield Gardens is a family-dominated northern Adelaide suburb with strong demand from mortgaged owners, comprising 39% of households. This demographic, with 50% couples with children, drives a competitive detached house market, evidenced by median prices of $708k-$795k and robust annual growth of 11.6%-24.1%. Houses sell in approximately 32 days, with rental yields at 3.8% and weekly rents rising 12%. Future growth is underpinned by high family population growth, though affordability constraints and interest rate sensitivity for mortgaged owners present key risks.