27 Lamorna Parade, Parafield Gardens SA 5107
27 Lamorna Parade, Parafield Gardens SA 5107
27 Lamorna Parade, Parafield Gardens, is a 2017-built, single-level house with 4 bedrooms, 2 bathrooms, and 2 car spaces on a 660 m² lot. It sold for $1,206,000 in April 2024.
This house is a modern outlier in a suburb dominated by 1960s to 1990s legacy stock, giving it a clear competitive edge in finish, layout, and efficiency. The 4-bedroom, 2-bathroom configuration is highly functional for families, while the 660 m² lot offers usable outdoor space without the maintenance burden of larger legacy blocks. Its 2017 build year means modern fixtures, insulation, and construction standards are already in place, reducing the immediate need for upgrades. This property is best suited for families or young professionals seeking a move-in-ready home with contemporary comfort in a stable, low-density suburban setting.
The value of this house may be influenced by its lot size, which is slightly smaller than some older neighboring properties, potentially limiting future subdivision or extension options. School quality in the area is average, which might affect appeal for buyers prioritizing education catchments. The suburb is not a high-growth infrastructure zone, so capital growth may be more incremental than in areas with major transit or commercial projects. Buyers should weigh the premium paid for modernity against the slower appreciation typical of established suburbs with mixed-age housing stock.
Detailed Independent Property Report prepared by PropCred Analyst team for 27 Lamorna Parade, Parafield Gardens SA 5107
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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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
5
Bathroom
2
Parking
2
Land
660m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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