19 Lancaster Street, Lockleys SA 5032
19 Lancaster Street, Lockleys SA 5032
1964 corner build | 711 m² block | 3 bed, 1 bath | renovated bathroom | large garage/workshop
This house holds a genuine edge for Lockleys: a 711 m² corner allotment with a detached garage and workshop, plus a long carport, gives it rare flexibility for families, tradies, or anyone needing serious vehicle or project space. The 1964 build has been thoughtfully refreshed—renovated bathroom, separate laundry, second toilet—so it avoids the tired feel of many同龄 houses while keeping the generous backyard and undercover entertaining area that older stock often offers. It sits comfortably in the suburb’s established family-house segment, not the newer medium-density infill, and that land size is materially larger than what most modern listings provide. Buyers wanting near-city access, green corridor proximity, and room to spread out will find this a strong fit.
What may shape its value most is the balance between the refreshed interior and the original 1964 shell. The bathroom update and practical layout are clear positives, but the single bathroom and one-car count in formal data might feel limiting to some families, even with the extra off-street parking. The corner position adds access flexibility, though it can also mean less private outdoor space depending on how the entertaining area is oriented. The 48% building coverage suggests a solid footprint, so any future renovation or extension would need careful thought around what remains of the yard.
|| Comparable Sales: 17 Lancaster Street sold around $1.7M–$1.8M; 11 Elba Avenue similar large-block house | Property Price Band: $1.3M–$1.4M | Value Drivers: land size on corner allotment, renovated bathroom condition, garage/workshop versatility
Detailed Independent Property Report prepared by PropCred Analyst team for 19 Lancaster Street, Lockleys SA 5032
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Lockleys presents a mature, established market with a clear divergence between its premium house segment and more affordable unit sector. Demand is driven by owner-occupiers seeking established homes, evidenced by strong house price growth and swift sales. The market is characterised by tight supply, supporting robust house values, though this constraint also presents a key risk for accessibility. Future growth will be anchored by this sustained demand against limited stock, while the unit market offers a contrasting, yield-focused entry point.
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PropCred Estimated Value
Comparable Sales: 17 Lancaster Street sold around $1.7M–$1.8M; 11 Elba Avenue similar large-block house | Property Price Band: $1.3M–$1.4M | Value Drivers: land size on corner allotment, renovated bathroom condition, garage/workshop versatility
Bedrooms
3
Bathroom
1
Parking
3
Land
711m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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