21 Hillier Road, Evanston SA 5116
21 Hillier Road, Evanston SA 5116
Hillier Road corridor | compact infill house | mixed buyer demand | active subdivision nearby | older stock with redevelopment potential
The property sits within a transitioning Evanston corridor where older detached houses and newer infill lots sit side by side. Its likely configuration as a compact house on a modest lot places it in the entry-level to mid-range segment, which suits first-home buyers, investors, and small-scale developers. The street’s ongoing subdivision activity signals continued capital turnover and amenity expansion, which supports steady demand. For a buyer seeking a property with redevelopment optionality or strong rental fundamentals, this location offers practical advantages without the premium attached to established suburbs.
The property’s value may be shaped by its land size relative to newer lots in the street, the condition of the existing dwelling, and whether the parcel carries any overlay constraints such as bushfire designation. A dated interior might limit immediate rental return, while a well-presented house could attract owner-occupiers willing to pay a slight premium. The mixed streetscape means presentation and land configuration will likely matter more than location alone. Buyers should weigh the cost of any necessary updates against the property’s income potential and future subdivision feasibility.
|| Comparable Sales: 71A Hillier Road sold at $792,000; 15/56A Hillier Road sold at $328,500 | Property Price Band: $300K–$800K | Value Drivers: land size, dwelling condition, subdivision potential
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Hillier Road, Evanston SA 5116
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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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: 71A Hillier Road sold at $792,000; 15/56A Hillier Road sold at $328,500 | Property Price Band: $300K–$800K | Value Drivers: land size, dwelling condition, subdivision potential
Bedrooms
3
Bathroom
1
Parking
1
Land
2 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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