34 Jessie Road, Paralowie SA 5108
34 Jessie Road, Paralowie SA 5108
3-bed family house | 3-car capacity is rare | strong rental demand | medium-block suburb | value tied to condition
This property holds a genuine edge in Paralowie because three-car accommodation is uncommon in this market, where most comparable houses offer one or two spaces. That extra garage capacity adds practical appeal for families with multiple vehicles, a trailer, or workshop needs, and it widens the buyer pool beyond typical owner-occupiers to include tradies and investors seeking higher rental appeal. The house itself fits the established suburban character of the area—solid, detached, and positioned on a medium-sized block that suits family living. It serves best a buyer wanting a functional family home with parking flexibility, or an investor targeting consistent rental demand in a suburb where three-bedroom houses remain the core housing type.
The value picture may hinge on the internal condition and how much updating has been done, since older stock in this area varies widely between original and renovated states. The land size and layout will also matter, as a larger block or better floor plan can lift the price meaningfully, while dated finishes might cap it until improvements are made. The three-car configuration could justify a slight premium over typical comparables, but only if the rest of the house presents reasonably well. Buyers should weigh the cost of any necessary upgrades against the benefit of that extra parking, and consider how the property compares to recently sold homes with similar land and room counts.
|| Comparable Sales: 15 Teresa Court sold around $740,000 for 3-bed, 1-bath, 1-car on 580m²; 98 Boardwalk Dr sold $720,000 for 3-bed, 2-bath, 1-car on 157m² | Property Price Band: $700,000–$800,000 | Value Drivers: three-car capacity, land size, internal condition
Detailed Independent Property Report prepared by PropCred Analyst team for 34 Jessie Road, Paralowie SA 5108
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Paralowie, in Adelaide’s northern suburbs, is recording strong house-price gains, with medians from $675,000 to $755,000 and annual growth of 10.1%–12.7%. Units are thinly traded—only 12 sales—but show a 23% growth rate and a 4.8% yield, based on a thin sample. House rents hold at $580 weekly with a 4.5% yield, and properties sell in 27–59 days. Annual house sales reach 247 in one count. Demand comes chiefly from owner-occupiers carrying mortgages—67% of owners—against household incomes slightly below the regional average. Affordability relative to Greater Adelaide is the central future growth driver; however, limited supply data and unquantified rate sensitivity remain constraints.
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PropCred Estimated Value
Comparable Sales: 15 Teresa Court sold around $740,000 for 3-bed, 1-bath, 1-car on 580m²; 98 Boardwalk Dr sold $720,000 for 3-bed, 2-bath, 1-car on 157m² | Property Price Band: $700,000–$800,000 | Value Drivers: three-car capacity, land size, internal condition
Bedrooms
3
Bathroom
1
Parking
3
Land
644m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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