13 Hicks Street, Evanston Gardens SA 5116
13 Hicks Street, Evanston Gardens SA 5116
3-bed modern build | 57% site coverage | flood overlay present | 5G and FTTP connected
This property offers a rare configuration advantage: a 2022-built house on a 300m² lot with 171m² of internal space, giving 57% site coverage that is unusually efficient for its age and size. The reverse-cycle air conditioning, built-in robes, and ensuite make it a low-maintenance proposition that suits first-home buyers or downsizers seeking lock-and-leave convenience. The light-filled neutral interior and fully fenced yard further strengthen its appeal to owner-occupiers rather than investors, and the Gawler and District College B-12 catchment adds family buyer demand.
The flood overlay is the primary risk, likely compressing buyer pool and limiting resale velocity; this may be why the property has sat only 3–4 days without a contract. The 2022 sale price is undisclosed, but the $136,000 figure suggests a land-only prior transaction, meaning the current owner likely built at a lower cost base and can price competitively. For a buyer, the opportunity is to negotiate below the $682,000–$700,000 range, using the overlay as leverage, then hold for medium-term capital growth as Gawler’s corridor fills. Use as a primary residence or a low-effort rental yielding ~4.3% at $565 per week.
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Hicks Street, Evanston Gardens SA 5116
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
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
3
Bathroom
2
Parking
1
Land
300m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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