4 Foley Street, Salisbury Downs SA 5108

Large older block | 4 bed 2 bath 4 park configuration | Auction sale | Parafield Gardens High zone | Rare larger lot in suburb This house presents a strong proposition for a buyer seeking space and configuration in Salisbury Downs, as its 737m² lot size is notably larger than much of the newer or renovated stock in the area. The 4/2/4 layout offers functional density for a family, supported by its catchment for established government schools. It serves a buyer prioritizing land content and internal space over modern finishes, positioning well for long-term holding or future improvement. Proceed with disciplined bidding anchored to recent street sales, as the sole comparable at 11A Foley Street achieved $651k in December for a smaller 3/2/2 offering. The auction mechanism risks paying a premium for the lot size; your maximum bid must account for the cost to potentially update an older house. Secure it below $800k to preserve equity for improvements, otherwise the value shifts to smaller, turnkey alternatives in the suburb. Recent sales on Foley Street provide a direct value anchor: – 11A Foley St (3 bed, 2 bath, 2 car) sold for $651,000 in Dec 2024. – 2B Foley St sold for $463,000 at an older date. This establishes a clear premium for the subject property’s extra bedroom, bathroom, and two additional car spaces on an equivalent lot. The listed estimated value of $799,000 for a 3/1 configuration elsewhere on the street further signals the price sensitivity for unrenovated homes.