17 Bacton Street, Evanston SA 5116
17 Bacton Street, Evanston SA 5116
3-bed villa | 443m² lot | single-level living | sold June ’24
This property presents a clear value proposition based on its recent transaction. A three-bedroom, single-level home on a substantial lot offers functional scarcity, particularly for buyers seeking space without maintenance burden. The configuration serves growing families or downsizers needing single-storey living, with the land component providing inherent flexibility. Its recent sale price establishes a firm market anchor, making it a benchmark for value in the area.
Your decision hinges on reconciling that sale price with prior listing expectations. The significant discount from initial asking indicates either a motivated vendor or a market correction specific to this property. This creates a defensive entry point but demands investigation into the sale circumstances. Proceed only after verifying the sold price reflects the property’s condition, not undisclosed defects. A tailored property report would validate this price against true locality risks, insurance exposures, and provide a definitive checklist to secure your position.
The property sold for $361,000 in June 2024. This transaction price, notably below its initial listed range, provides a critical anchor for your valuation. It suggests either a purchasing opportunity or a need for diligent due diligence on the property’s condition and the sale’s context.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Bacton Street, Evanston SA 5116
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Evanston presents as a high-growth residential market, with its strong recent capital appreciation and rapid sales velocity indicating robust demand. This demand is primarily driven by owner-occupiers, as evidenced by the high proportion of mortgaged households, seeking affordable entry into the housing market. The suburb’s consistently low days on market and sustained double-digit annual price growth reflect a competitive and supply-constrained environment. Future performance will be underpinned by this established momentum, though its sensitivity to broader economic conditions is a noted consideration given the high level of household indebtedness.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
443m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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