10 Wells Place, Evanston Gardens SA 5116
10 Wells Place, Evanston Gardens SA 5116
4 bedrooms, 2 bathrooms, 4 car garage parking, 240 square metres internal floor space on a 450 square metre lot, built 2014, single level with a dual living configuration. The 4 car garage is a genuinely rare feature for this suburb and immediately distinguishes this property from most other homes in the Master Planned estate. This house serves the family buyer who needs generous parking for multiple vehicles, a tradesperson requiring secure workshop space, or a household considering multigenerational living. The dual living layout under one roof adds practical flexibility without the maintenance of a separate dwelling. Positioned within a modern estate, the property offers the convenience of newer construction standards and efficient floorplan design, though it sits within a uniform neighbourhood character that lacks the established feel of older Gawler streets.
The 4 car garage may command a premium over comparable homes, but the value ceiling is constrained by the standard lot size and the lack of premium finishes or aspect data to confirm a standout street presence. Buyers should weigh whether the dual living configuration genuinely adds rental income potential or simply represents an extra living zone, as this distinction affects yield calculations. The 2014 build age means some systems may approach replacement timing within the next decade, though no immediate capital works are indicated. The property sits within a Master Planned zone where ongoing development could influence future supply levels and buyer competition in the immediate area.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Wells Place, Evanston Gardens SA 5116
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Evanston Gardens is a tightly held, family-oriented suburb where strong demand from mortgaged households is fuelling exceptional capital growth. This high-growth market is characterised by rapid sales, with houses transacting swiftly, reflecting intense competition. Future performance hinges on sustained affordability for local incomes, while the constrained supply of units presents a notable market limitation.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
450m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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