3 Miller Cres, Parafield Gardens SA 5107

3 Miller Cres, Parafield Gardens SA 5107
3-bedroom 1966 red-brick | 610sqm block with pool and rumpus | Salisbury council, high school catchment | auction 16 May The property’s competitive strength lies in its rare combination of a substantial 610sqm block with a detached rumpus room and swimming pool, all within Parafield Gardens High School catchment. For a buyer, this configuration offers immediate lifestyle amenity and future flexibility-the rumpus room can serve as a home office, teenage retreat, or potential income-generating space. The solar panels reduce ongoing costs, and the red-brick construction signals durability. This house suits families seeking a move-in ready home with room to grow, or investors targeting the strong rental demand in a 70% owner-occupied street with $620 weekly income potential. The key risk is the flood overlay, which may affect insurance premiums and restrict certain renovations; a building and pest inspection is essential given the 1966 build. The conflicting building area data (111sqm vs 248sqm) needs verification from the contract. The auction format on 16 May means buyers must have pre-approved finance and conduct due diligence before bidding. The opportunity is to secure a well-presented home on a generous block with pool and rumpus room-features that typically command a premium in this market. Hold this property as a long-term family home with potential for future subdivision or extension, subject to council approval.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3 Miller Cres, Parafield Gardens SA 5107
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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

3

Bathroom

1

Parking

1

Land

610mยฒ

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