13 Magnolia Cres, Parafield Gardens SA 5107
13 Magnolia Cres, Parafield Gardens SA 5107
Established 1980s house | family-oriented street | school catchment location | medium block likely | solid entry-level suburban buy
The property sits within a well-settled pocket of Parafield Gardens where detached houses on medium-sized blocks are the norm. For a buyer seeking a genuine family home rather than a compact infill build, this address offers the practical advantages of established suburbia, including proximity to local primary and high schools, and a street character that tends to attract long-term owner-occupiers. The likely configuration of three bedrooms and a single bathroom suits first-home buyers and young families, while the block size provides room for future additions or landscaping. Its competitive strength lies in the balance between affordability and space, which remains consistently appealing in this part of Adelaide’s northern corridor.
The value picture may hinge on the condition and presentation of the original 1980s build. If the kitchen and bathroom remain dated, a buyer might need to budget for updates, which could soften the initial purchase price. Conversely, any recent renovations, particularly to the living areas or outdoor entertaining spaces, may lift the property above comparable homes in the street. The land size, likely in the 460 to 590 square metre range, also matters, as larger blocks tend to hold value better over time. Buyers should weigh the trade-off between moving in immediately versus investing in improvements to build equity.
|| Comparable Sales: 31 Magnolia Cres sold around $780,000; 119 Andrew Smith Dr sold near $760,000 | Property Price Band: $740,000–$840,000 | Value Drivers: land size, renovation level, presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Magnolia Cres, Parafield Gardens SA 5107
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Parafield Gardens, a northern Adelaide suburb, is positioned as a family-focused market with strong demand for detached housing. Mortgaged owners dominate, and buyer activity is driven by population growth of 8.98% from 2016-2021, proximity to major roads, rail and the airport. Median house prices range from $708,927 to $795,000 across recent sources, with annual growth between 11.6% and 24.1%. Houses clear in about 32 days, with annual sales volume between 157 and 258. Rents rose 12% to $560 weekly for houses, producing a gross yield of 3.8%. Future growth is supported by transport links and a family-heavy demographic, but affordability is tightening after sharp price gains, and rate sensitivity is high because most owners are mortgaged. Limited supply and short selling times add further constraint.
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PropCred Estimated Value
Comparable Sales: 31 Magnolia Cres sold around $780,000; 119 Andrew Smith Dr sold near $760,000 | Property Price Band: $740,000–$840,000 | Value Drivers: land size, renovation level, presentation
Bedrooms
3
Bathroom
1
Parking
4
Land
566m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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