22 Warilda Street, Largs North SA 5016
22 Warilda Street, Largs North SA 5016
Large 667m² block | 4-car parking | Coastal suburb | Auction sale | Established house
The property’s primary buying case rests on its substantial 667m² land holding in a coastal suburb with strong owner-occupier demand, where comparable large parcels have commanded strong pricing. The four-car parking capacity is a rare practical advantage for a three-bedroom house, serving families needing vehicle storage or tradespeople. This combination of land size and parking positions the property well for renovators seeking future extension potential or investors targeting long-term land value growth, with the existing dwelling likely being secondary to the site.
The main risk is the limited information on the dwelling’s internal condition and council zoning, which could constrain redevelopment options or require significant capital outlay post-purchase. The auction process introduces uncertainty around final price, though the nearby comparable on Persic Street suggests the land component alone may support a competitive bid. The opportunity lies in acquiring a large block in an active market where land supply is constrained, particularly if the existing house is habitable enough to allow staged improvements or rental income while planning for future use.
Detailed Independent Property Report prepared by PropCred Analyst team for 22 Warilda Street, Largs North SA 5016
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Largs North is a tightly held, family-oriented coastal suburb experiencing robust capital growth, driven by strong demand from young professional families seeking established homes. This has created a competitive sales environment with low stock turnover and minimal rental vacancy, reflecting its desirability. Future performance remains linked to broader affordability pressures and interest rate sensitivity, given its established owner-occupier base.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
4
Land
667m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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