7 Tea Tree Lane, West Lakes SA 5021
7 Tea Tree Lane, West Lakes SA 5021
4 bed, 3 bath, 2 car garage. 351 sqm of internal living on a 216 sqm land parcel. Two levels. Fairway frontage to West Lakes Golf Course. Modern construction, likely post-2010. Annual rates circa $1,285.
What is competitively strong here is the sheer internal volume on a compact footprint. A 351 sqm two-level house on a 216 sqm lot is an unusual configuration for West Lakes, where most detached homes trade floor area for land. The fairway aspect is the primary differentiator, giving this property a resort-like orientation that is genuinely rare in the suburb. It serves the buyer who prioritises living space and outlook over garden area, and who values being within walking distance to the golf course and West Lakes Village. The four-bedroom, three-bathroom layout with a downstairs lounge and upstairs open plan suits a family or a couple who entertains frequently. It positions itself as a premium, low-maintenance home in a suburb where older single-level stock dominates.
What might materially affect value is the land-to-floor ratio. The 216 sqm lot is small for a detached house, and the limited outdoor space could narrow the buyer pool to those who do not require a large yard. The 2022 sale price of $550,000 is inconsistent with a property of this size and specification, which a buyer should investigate to confirm whether it reflects a different property or a data error. The two-level design on a small lot may also mean limited storage or a tight floor plan on the ground level. These factors do not diminish the property’s appeal, but they should be weighed when forming a view on price relative to other premium homes in the suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Tea Tree Lane, West Lakes SA 5021
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
!
1
Market Insight
West Lakes is a premium waterfront suburb characterised by an established, mature demographic of outright owners. Demand is driven by professionals and empty-nesters seeking a detached, low-maintenance lifestyle, which sustains strong competition for limited stock. Recent price growth has been robust across both houses and units, reflecting this sustained lifestyle appeal. Future performance is underpinned by its unique location and amenity, though high entry prices and sensitivity to interest rates present constraints on affordability and market fluidity.
PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
216m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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