38 Gascoyne Avenue, Hillcrest SA 5086

38 Gascoyne Avenue, Hillcrest SA 5086
5 bedrooms, 2 bathrooms, 3 parking spaces, plus a shed on 534sqm. Single-storey, built before 1998. Located in central Hillcrest, within the Roma Mitchell Secondary College catchment. No air conditioning or solar noted in listings. This house offers a configuration rarely found in Hillcrest: five bedrooms on a lot that is comfortably larger than most new subdivisions in the area. The three parking spaces and shed add practical utility for families with multiple cars or hobby space. The property is older stock in a suburb where recent infill development has favoured smaller four-bedroom homes on tighter land. It serves best growing families who need room for children, home office, or extended visits, and who value land size over modern finishes. Being in a public secondary school catchment adds appeal for long-term owner-occupiers. The age of the building may affect value relative to newer homes, particularly if insulation or electrical systems have not been updated. The lack of modern amenities like air conditioning could be a negotiating point for buyers planning renovations. However the larger land and extra bedroom count may offset these concerns for those seeking space over turnkey condition. A buyer should weigh the cost of potential upgrades against the premium of owning more land and parking flexibility in a central location.
Detailed Independent Property Report prepared  by PropCred Analyst team for 38 Gascoyne Avenue, Hillcrest SA 5086
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ! 1
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Market Insight

Hillcrest is a tightly held, family-oriented suburb where strong demand from owner-occupiers is driving robust price growth. The market is characterised by low sales volumes and swift turnover, indicating a persistent supply-demand imbalance. This dynamic, coupled with rising rents, underpins its resilience. Future performance is supported by its established appeal to families, though sensitivity to interest rates and an extremely limited unit market present notable constraints on broader market activity.
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PropCred Estimated Value

Bedrooms

5

Bathroom

2

Parking

3

Land

534m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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