5 Margaret Street, Evanston SA 5116
5 Margaret Street, Evanston SA 5116
1958 brick house | 1,421 m² block | 3 bed, 1 bath | Bushfire overlay, no flood risk
This is a rare opportunity to secure a genuinely large residential allotment in an established part of Evanston. At over three times the size of typical newer blocks in the surrounding area, the land is the standout feature here. The 1958 build offers solid bones and a functional footprint, but the real value sits in the yard. For a buyer wanting space for sheds, vehicles, a caravan, or future extensions, this property delivers flexibility that most nearby homes simply cannot match. It suits families seeking room to grow, or investors drawn to the strong rental demand and the long-term potential of holding a big block in a well-connected suburb close to Gawler’s amenities.
The bushfire overlay is a factor that may influence insurance costs and could require careful consideration for any future building work. The older construction might also mean updating for energy efficiency or modern comfort, depending on what has been done over the years. The estimated rent of around $515 per week offers a reasonable yield against the likely price point, which may appeal to investors. Buyers should weigh the cost of any necessary upgrades against the intrinsic value of the land, as the block itself is what will hold and grow in worth over time.
|| Comparable Sales: 7 Margaret Street similar 1,421 m² block sold in 2010, no recent sale; 6 Grey Crescent 700 m² sold around $595,000–$635,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, original condition, redevelopment potential
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Margaret Street, Evanston SA 5116
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Evanston SA 5116 is a tightly held market, with annual house sales volume of 42 to 61. Median house prices range from $598,000 to $650,000, with annual growth of 14.7% to 18.2%. Houses sell in 26 to 32 days on average, reflecting strong buyer competition. Rental yields for houses sit between 4.2% and 4.64%, attracting investor demand; 62% of owners hold a mortgage, indicating a mortgage-driven owner-occupier base. The unit market is effectively inactive, with fewer than 5 sales recorded, leaving no reliable pricing or yield data. That thin transactional base, combined with a high share of single-person households (37%) and small household size (2.2), points to a market sensitive to interest rate changes and limited supply churn. Future growth drivers remain unquantified in available data.
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PropCred Estimated Value
Comparable Sales: 7 Margaret Street similar 1,421 m² block sold in 2010, no recent sale; 6 Grey Crescent 700 m² sold around $595,000–$635,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, original condition, redevelopment potential
Bedrooms
3
Bathroom
1
Parking
1
Land
1421m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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