1 Waterview Cres, O'Halloran Hill SA 5158
1 Waterview Cres, O’Halloran Hill SA 5158
3-bed, 1-bath, 5-car | Large suburban block | Family-focused pocket | Strong parking advantage | Established neighbourhood
This property stands out primarily for its exceptional parking capacity. Five car spaces is a genuine rarity in this suburb, where most comparable houses offer one or two. That alone gives it a competitive edge for families with multiple vehicles, a tradie needing secure storage, or a buyer who simply values the flexibility of a big garage or hardstand area. The house itself, with three bedrooms and one bathroom, is a classic family configuration, and it sits within a neighbourhood defined by detached homes on generous allotments. This is not a dense, walk-up area; it is a car-oriented, low-rise pocket where the land and the house work together to offer practical, everyday living. The buyer this serves best is likely a young family or a first-home buyer looking for a solid entry point into a suburb with good school access and a genuine backyard presence, without paying for more internal space than they need.
The value picture here may be shaped by a few things. The single bathroom could be a limiting factor for some buyers, especially those comparing against four-bedroom, two-bathroom alternatives nearby. The condition of the interior, which is not confirmed, might also play a significant role; if the house has been updated it could command a stronger price, but if it retains original 1970s finishes, a buyer might need to budget for renovation work. The land size, also unconfirmed, will be a key determinant of value, given that larger blocks in this suburb tend to attract a premium. A north-facing rear aspect or any hills outlook could further support price, but without confirmed details, these remain potential upsides rather than guarantees. Buyers should weigh the parking advantage against the need for internal upgrades when forming their view.
|| Comparable Sales: 12 Waterview Crescent sold for $775,000, 31 Longview Crescent estimated at $862,000 | Property Price Band: $800,000–$900,000 | Value Drivers: parking capacity, land size, renovation level
Detailed Independent Property Report prepared by PropCred Analyst team for 1 Waterview Cres, O’Halloran Hill SA 5158
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
This southern suburb, positioned along Main South Road, offers country-style living within a developing corridor. Demand is driven by owner-occupiers: 48% of residents are purchasers, 43% are couples with children, and 30% are over 55, indicating stable family and downsizer interest. The median house price sits at roughly $780,000–$792,000, though annual growth estimates diverge widely, from 0.7% to 9.7% across sources, reflecting a thin sales base of 43 houses sold last year. Houses clear in 23–53 days, with gross rental yields of 3.6–4.2% and vacancy under 0.6%, signalling tight rental stock. Future drivers include rapid southern suburban development and constrained supply: stock is down 25% year-on-year, with just two rentals and one property for sale last month. Key risks centre on limited unit turnover—fewer than five sales—and a 25% stock contraction that may accelerate price pressure.
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PropCred Estimated Value
Comparable Sales: 12 Waterview Crescent sold for $775,000, 31 Longview Crescent estimated at $862,000 | Property Price Band: $800,000–$900,000 | Value Drivers: parking capacity, land size, renovation level
Bedrooms
3
Bathroom
1
Parking
5
Land
780m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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