12 Mitchell Street, Parafield Gardens SA 5107
12 Mitchell Street, Parafield Gardens SA 5107
3 bedrooms, 1 bathroom, 4 car spaces on 660m² with a 16.76m frontage, built 1974. Single-storey house with ducted evaporative cooling, a shed, and a flood overlay. Located in Parafield Gardens with Parafield Gardens High School catchment.
The wide frontage and generous 660m² lot size are rare in this suburb, offering parking for four cars which is well above the local average. The low 16% building coverage provides potential for expansion or landscaping, making this property a strong fit for families needing space for vehicles or a large yard. Its 1974 construction is typical for the area, but the combination of a large block and high parking capacity gives it a practical edge over newer, smaller lots nearby.
The flood overlay is the primary factor that may affect value, potentially increasing insurance costs and limiting some development options. The single bathroom is below current family expectations, which might narrow the buyer pool or require future renovation. The older build may need updates to compete with newer stock, though the generous land and parking remain strong counterpoints. The estimated rental yield is moderate for the area, but the flood risk could temper investor demand slightly.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Mitchell Street, Parafield Gardens SA 5107
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Parafield Gardens is a family-dominated northern Adelaide suburb with strong demand from mortgaged owners, comprising 39% of households. This demographic, with 50% couples with children, drives a competitive detached house market, evidenced by median prices of $708k-$795k and robust annual growth of 11.6%-24.1%. Houses sell in approximately 32 days, with rental yields at 3.8% and weekly rents rising 12%. Future growth is underpinned by high family population growth, though affordability constraints and interest rate sensitivity for mortgaged owners present key risks.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
4
Land
660m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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