2/2 Hansen Court, West Lakes Shore SA 5020

2/2 Hansen Court, West Lakes Shore SA 5020
3-bed unit | coastal suburb | scarce stock | family/downsizer appeal | premium price point This unit is positioned in a tightly held coastal suburb where houses dominate the landscape. Its three-bedroom configuration within a strata complex is considered a scarce offering, appealing primarily to families and downsizers seeking a low-maintenance lifestyle near the beach. The property’s value is supported by the limited supply of units in the area and its alignment with established residential demand. The property’s final value may be influenced by its exact internal finishes, aspect, and floor level, which are not yet fully confirmed. Its price might also be affected by typical strata costs and the absence of a substantial landholding. A buyer should weigh these factors carefully when forming a view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2/2 Hansen Court, West Lakes Shore SA 5020
Checks found:
Value Risk ✕ 2
Liquidity Risk ! 1
Planning Risk ✕ 2
Income Risk ✕ 2
Execution Risk ! 1
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Market Insight

West Lakes Shore’s median house price is $1.3 million, up 5.7% annually, while the unit median sits at $800,000 after a 15.7% decline. Houses sell in about 42 days, with annual turnover of 37–57 sales, indicating a thin, tightly held market. House rents range $750–$782 weekly, units $560–$580, and gross yields are 3.0% for houses versus up to 4.3% for units, pointing to stronger investor interest in the apartment segment. Demand is led by high-income owner-occupiers favouring the established housing stock, but affordability constraints and rate sensitivity temper the outlook, especially for units.
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PropCred Estimated Value

Comparable Sales: 2/8 Hansen Court sold at $1.14M; 22 Thiele Crescent sold at $960k | Property Price Band: $1.0M–$1.1M | Value Drivers: coastal placement, three-bed layout, unit scarcity

Bedrooms

3

Bathroom

1

Parking

-

Land

336m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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