2 Matson Court, West Lakes SA 5021
2 Matson Court, West Lakes SA 5021
4 bedroom house on Delfin Island | subdivision approval granted | corner allotment with pool and drive-through garage | strong family and investor demand
Strong family appeal is created by four bedrooms, built in robes, a walk in robe and ensuite to the main bedroom, and a family bathroom with separate bath, shower and toilet. Comfort is provided by ducted reverse cycle air conditioning, and outdoor living is supported by a solar heated pool and undercover entertaining area. The rare advantage is approved subdivision into two allotments, allowing a future sale, rental, or second dwelling. This flexibility, with the Delfin Island corner position and drive through garage, places the property above standard West Lakes family stock. Growing families and investors or developers are best served.
The approved subdivision is the main price influence, as it can be exercised or held. Condition and presentation will be weighed by buyers, with the house described as solid. Rental demand for larger homes might support price, but the final result may be set by how the market values development potential against the existing house.
>> Comparable Sales: 2 Matson Court (sold $1.65M) | Property Price Band: $1.6M-$1.7M | Value Drivers: approved subdivision, corner land size, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 2 Matson Court, West Lakes SA 5021
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
West Lakes, Adelaide’s north-west waterfront suburb, holds a median house price around $1.28–$1.34 million with 7.9–10.2% annual growth; units sit near $740,000–$752,000, growing faster at 11.8–19.1%. Demand is driven by childless couples aged over 55, mostly outright owners, drawn by lifestyle and water proximity. Houses sell in about 45 days, on annual volumes of 86–102 houses plus 72 units. Rental yields are modest-roughly 3–4% for houses and 3.8–4.2% for units-with house rents at $695–$720 weekly. Future growth rests on established infrastructure, catchment schools, and scarce supply (22 listings), though high entry prices and rate sensitivity remain constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
647m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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