21/36-38 Eighth Street, Gawler South SA 5118
21/36-38 Eighth Street, Gawler South SA 5118
2-bed unit in complex | 186m² lot | 1989 build | Flood & Heritage overlays | Gawler South location
This unit presents a competitively priced, low-maintenance entry into the Gawler South market, serving buyers seeking convenience over land size. Its dual car spaces and recent cooling upgrades are practical strengths for an owner-occupier or a rental investor targeting the school catchment demand. The configuration is standard for the complex, but the price positioning against estimated value suggests a negotiable purchase.
Critical due diligence is required on the flood and heritage overlay implications, which may restrict modifications and affect insurance costs. The substantial appreciation since its 2019 sale indicates strong local momentum, yet the overlays impose a permanent risk mechanism. Acquire this for its yield and holding simplicity, not for value-add potential; it is a set-and-forget holding best suited to a passive investor.
Recent sales within the same complex, such as the 2-bedroom unit at 12/36-38 Eighth Street, provide the most direct value benchmark. This context confirms the subject property’s pricing is aligned with immediate comparable evidence, grounding the listed price range in recent market activity.
Detailed Independent Property Report prepared by PropCred Analyst team for 21/36-38 Eighth Street, Gawler South SA 5118
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
This suburb presents a compelling investment profile, with its housing market demonstrating robust capital appreciation and a notably brisk sales environment. Strong price growth across both houses and units indicates sustained demand, likely driven by affordability relative to broader metropolitan medians. The market is characterised by efficient turnover, with houses selling quickly, reflecting competitive conditions. Future performance will hinge on the continuation of these demand drivers, though the absence of detailed data on local infrastructure, supply pipelines, and buyer sensitivity to economic factors presents a key analytical constraint for assessing long-term resilience.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
186m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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