19 May Terrace, Evanston SA 5116
19 May Terrace, Evanston SA 5116
Large 761m² land content in established suburb | Single-level 1950s house | 3 bed 1 bath 1 car | Potential for extension or redevelopment
The property’s key strength is its 761 square metre landholding, increasingly rare in Evanston’s newer developments. This site offers immediate outdoor space and potential for extension or redevelopment. The 1950s single-level house provides a solid footprint appealing to buyers valuing location and land over finishes. Configured as a three-bedroom one-bathroom house, it sits within established suburban fabric rather than high-density zones. This combination serves owner-occupier families seeking yard space or investors targeting land content with rental potential. Its positioning as a house or duplex adds flexibility in use or marketing.
The property’s value may hinge on the condition of its 1950s finishes and any prior updates. The single bathroom might reduce appeal for some buyers, though the large land adds potential for extension or subdivision. Weigh the land’s worth against the house’s current state.
Detailed Independent Property Report prepared by PropCred Analyst team for 19 May Terrace, Evanston SA 5116
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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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
761m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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