1 Pashen Street, Paradise SA 5075
1 Pashen Street, Paradise SA 5075
Single-level new build | 3/2/1 layout | solar panels | compact 248m² | near Linear Park and interchange
This house stands out as a genuinely contemporary infill product in a suburb dominated by older detached stock. The single-level floorplan, three bedrooms, and two bathrooms deliver practical low-maintenance living, while the solar panels and fresh finishes reduce ongoing costs and appeal. Its position near Linear Park, the River Torrens, and the Paradise Interchange gives it a commuter-friendly lifestyle advantage that many larger older homes lack. This property suits downsizers or professional couples seeking modern convenience without sacrificing access to green space and transport.
The compact 248m² allotment may limit appeal for buyers seeking a substantial yard, and the three-dwelling development context might create shared driveway or proximity considerations that affect perceived privacy. The new-build condition is a solid value anchor, but the lack of established landscaping or a clear record on the dwelling’s history could prompt cautious purchasers to seek further confirmation. Pricing may also be influenced by the balance between the efficient floorplan and the limited outdoor space.
>> Comparable Sales: 5/1 Martha Street, Paradise sold for $730,000 in July 2022 | Property Price Band: $1.0M–$1.1M | Value Drivers: new condition, single-level layout, park and transport proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Pashen Street, Paradise SA 5075
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Paradise SA 5075 sits as a firmly mid-market Adelaide suburb, with a median house price hovering near $1,000,000 after compounding at 15.6% annually. Demand is driven principally by established households aged 40–49, many with mortgages and family-oriented profiles, drawn by a solid mix of 3 and 4-bedroom stock. Market conditions remain brisk: 3-bedroom homes clear in a median 55 days, 4-bedrooms in 62, supported by roughly 98–112 settled house sales over the past year. Rental pressure is evident too, with 3-bedroom homes averaging $650 weekly across 93 listings. Future growth will hinge on sustained buyer appetite from upper-middle income families, many earning between $78,000 and $130,000, and continued turnover in the 3-bedroom segment, which accounts for 60 of recent sales. Key risks centre on affordability constraints at the $1 million threshold and the high share of mortgaged owners, leaving the market sensitive to rate movements.
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PropCred Estimated Value
Bedrooms
5
Bathroom
1
Parking
3
Land
702m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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