16 Leabrook Drive, Para Hills SA 5096
16 Leabrook Drive, Para Hills SA 5096
1965-built house on compact 348m² block | 232m² building footprint signals extensive rework or dual-living potential | Subdivision activity underway on same parcel | Strong rental demand around $630/week | Infill opportunity in established Para Hills street
This property sits in an unusual position within Para Hills. The 1965 build date combined with a 232m² building area on just 348m² of land suggests this is not a typical original dwelling — it has likely been extended, reconfigured, or is being marketed as part of a subdivision play. That compact land footprint, roughly half the size of many neighbouring established lots, makes it a lower-maintenance option that appeals strongly to downsizers or owner-occupiers wanting a modernised house without a large yard. The presence of two proposed allotments on the same title adds a development angle that could interest builder-buyers, though the existing house itself serves best as a turnkey home for someone prioritising internal space over outdoor area.
The key value consideration here is the unresolved status between the standing house and the proposed subdivision lots. If the existing dwelling is retained, its high building coverage and efficient layout may justify a premium over typical 1960s stock, but the smaller block could cap upside compared to larger parcels in the street. The land-sale framing might also mean the house is not the primary product, which could affect how the property is priced relative to comparable homes. Rental demand appears solid at an estimated $630 weekly, suggesting good income potential if leased rather than sold.
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Leabrook Drive, Para Hills SA 5096
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Para Hills presents as an affordable entry point into Adelaide’s northern suburbs, characterised by strong recent capital growth in its established housing stock. Demand is driven by young families and first-home buyers, evidenced by the suburb’s youthful demographic and high sales volume for three and four-bedroom homes. The market demonstrates solid momentum with houses selling efficiently, indicating sustained buyer interest. Future performance will hinge on broader affordability pressures and the suburb’s ability to maintain its appeal to its core demographic, though current supply-demand dynamics appear balanced.
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PropCred Estimated Value
Comparable Sales: 2 Leabrook Drive sold recently for $675k on 350m² land | Property Price Band: $700k–$800k | Value Drivers: Building condition, subdivision approval status, land-to-building ratio
Bedrooms
5
Bathroom
2
Parking
1
Land
350m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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