1/49 Alexander Avenue, Evanston Park SA 5116
1/49 Alexander Avenue, Evanston Park SA 5116
This is a three-bedroom, two-bathroom unit in a nine-unit complex, with a single parking space and a floor area of 134 square metres. It is configured as a two-storey house, with all bedrooms located upstairs.
The property’s primary competitive strength is its entry-level price point within a stable suburban setting, making it a practical option for first-home buyers or investors seeking a low-maintenance holding. Its three-bedroom, two-bathroom layout is functional for a small household, and the upstairs bedroom separation offers a modest degree of privacy. Within the suburb, it sits firmly at the smaller and more affordable end of the market, appealing to those who prioritise affordability over space or parking. The property serves best as a cost-effective foothold in the area, particularly for buyers who do not require a large land component or multiple car spaces.
The property’s value may be influenced by its compact floor area and single parking space, which could limit its appeal to families or those with multiple vehicles. Its shared land lot and position within a multi-unit complex might also constrain its price ceiling compared to freestanding houses in the suburb. Buyers should weigh the potential for lower rental premium against the lower purchase entry cost, and consider how the property’s modest specifications align with their long-term needs. The absence of shared amenities or notable upgrades may be a neutral factor, but it does mean the property’s value rests primarily on its location and basic functionality.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/49 Alexander Avenue, Evanston Park SA 5116
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Evanston Park presents as a family-oriented suburb with a stable professional demographic, underpinning its residential appeal. Demand is driven by established families and professionals, reflected in consistent sales activity and strong rental interest. Recent house price growth has been robust, with the market demonstrating solid momentum. Future performance is supported by sustained demand for family housing, though a high proportion of renters and limited unit supply present a nuanced supply dynamic.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
289m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!