27 Wilkins Street, Glengowrie SA 5044
27 Wilkins Street, Glengowrie SA 5044
A single-level detached house built in 1957, with 4 bedrooms, 2 bathrooms, and 2 car spaces. The internal living area is 154 square meters on a 356 square meter lot, the result of a subdivision of an original 700 square meter parcel.
This property is competitively positioned as a rare subdivided land offering in a tightly held residential pocket of Glengowrie, minutes from the beach and close to quality schools, public transport, and parks. The 4-bedroom, 2-bathroom configuration is a modernized update over the original 3-bedroom, 1-bathroom stock typical of the 1950s era, making it more aligned with current family buyer expectations. The subdivision into two lots, with one already listed for a price exceeding the entire property’s 2021 sale, signals that the land value is a primary driver of the property’s worth. This property serves best a buyer seeking a family home in a well-located suburb, or a land developer or investor looking to capitalize on the subdivision potential.
The discrepancy in recorded bedroom and bathroom counts between historical sales and current listings may indicate a renovation or reconfiguration that has not been uniformly documented, and a buyer should verify the actual layout and permits. The 1957 construction may require attention to insulation, wiring, and other systems. The significant appreciation between 2021 and 2022 sales suggests the subdivision and any improvements have already added considerable value, and the current asking price for Lot 31 alone implies the house on the remaining lot may be valued lower than typical for the suburb. A buyer should weigh the condition of the existing house against the potential for future development or renovation on the subdivided land.
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Wilkins Street, Glengowrie SA 5044
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Glengowrie is a premium, established suburb with a professional demographic driving demand, evidenced by strong recent capital growth across both houses and units. This demand is supported by a healthy market score, though limited sales volumes and a premium price point relative to the state indicate a tightly held, high-value environment with inherent supply constraints.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
356m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!