2 Hawthorn Terrace, Parafield Gardens SA 5107
2 Hawthorn Terrace, Parafield Gardens SA 5107
This is a single-storey house built in 1985 on a 607m² corner allotment with four bedrooms, one bathroom, and two garage spaces. The property has been beautifully updated and includes air conditioning, an open fireplace, and multiple living zones.
What is competitively strong about this property is its generous corner allotment, which is larger than many in the area and offers dual street access. The four-bedroom configuration is above average for the suburb, making it particularly well-suited for larger families who value multiple living zones and outdoor entertaining. The property has been upgraded with modern amenities, positioning it well above the typical unrenovated stock in Parafield Gardens. Its location in an established family suburb with strong connectivity and no bushfire or heritage overlays adds to its appeal. This house serves best those seeking a move-in ready family home with space for flexibility.
Several factors may materially affect the value or sale price of this property. The single bathroom for four bedrooms may be a constraint for some buyers, potentially limiting demand compared to modern two-bathroom layouts. A detected flood overlay could influence insurance costs or restrict future renovations. The 1985 construction may require higher ongoing maintenance than newer builds. While the property has seen significant value appreciation since 2021, the current entry cost is elevated, which buyers should weigh against the convenience of a fully updated home on a desirable corner lot.
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Hawthorn Terrace, Parafield Gardens SA 5107
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Parafield Gardens is a family-dominated northern Adelaide suburb with strong demand from mortgaged owners, comprising 39% of households. This demographic, with 50% couples with children, drives a competitive detached house market, evidenced by median prices of $708k-$795k and robust annual growth of 11.6%-24.1%. Houses sell in approximately 32 days, with rental yields at 3.8% and weekly rents rising 12%. Future growth is underpinned by high family population growth, though affordability constraints and interest rate sensitivity for mortgaged owners present key risks.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
2
Land
607m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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