16 Pengana Drive, Hawthorndene SA 5051
16 Pengana Drive, Hawthorndene SA 5051
Large 1,128m² block | 3 bed, 1 bath, 2 car | Bushfire overlay applies | Built 1983 | Strong owner-occupier suburb
This is a genuinely rare offering for Hawthorndene: a single-storey 1980s house on a full quarter-acre-plus block with only 11% building coverage. The land is the real story here, not the dwelling. At 1,128m² with a modest 129m² footprint, the property offers substantial room for future extension, a large shed, or reconfiguration of the outdoor space without losing the established garden setting. The house itself is straightforward and functional, but the allotment size and the low-density hills character of the street make it a strong fit for a family or a buyer looking to add value through renovation or a well-planned addition. It sits comfortably in the Coromandel Valley Primary catchment and the suburb’s demand is led by owner-occupiers, which tends to support stable pricing and genuine competition for well-positioned blocks like this one.
The bushfire management planning overlay is the factor that may shape what you can do with the property over time. It does not prevent occupation or basic maintenance, but any significant extension or redevelopment will likely require additional assessment and possibly stricter construction standards, which can add cost and time to a project. The single bathroom and 1983 layout may also feel dated to some buyers, and while the block is large, the 246m elevation and established tree cover could limit solar access in parts of the yard. The price band for this property is likely to be set by what buyers are willing to pay for the land and the location, with the house itself contributing less than the site.
|| Comparable Sales: 8 Pengana Drive sold at $1.27M on 1,250m²; 14 Pengana Drive sold at $779K on 941m² | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, bushfire overlay constraints, single-storey layout and renovation potential
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Pengana Drive, Hawthorndene SA 5051
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Hawthorndene, in the Adelaide Hills, is a tightly held market with scarce inventory – last month just one rental and three sales listings. Demand is driven by affluent buyers; local house incomes run 38.2% above Greater Adelaide’s average. Prices have climbed sharply, with the median house at $1,205,000 after 39.3% annual growth, though other data series record $1,100,000 (27.54%) and $1,000,000 (16.96%). Houses sell quickly, averaging 24 days on market, or 54 days for four-bedroom dwellings. Annual sales volume is thin at 37–48 houses. Weekly median house rent sits at $650, with gross rental yields of 3.65% for houses and 3.91% for units. Rental growth of 4.0% and constrained supply underpin future price support, but low turnover, limited listings, and inconsistent price estimates temper confidence.
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PropCred Estimated Value
Comparable Sales: 8 Pengana Drive sold at $1.27M on 1,250m²; 14 Pengana Drive sold at $779K on 941m² | Property Price Band: $1.0M–$1.1M | Value Drivers: land size, bushfire overlay constraints, single-storey layout and renovation potential
Bedrooms
3
Bathroom
1
Parking
2
Land
1128m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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