43 Coulls Road, Banksia Park SA 5091
43 Coulls Road, Banksia Park SA 5091
4-bed 1963 house | 756m² block | in-ground pool | bushfire overlay | family-oriented pocket
This property holds a genuine competitive edge in Banksia Park through its combination of generous land size and established family configuration. The 756m² allotment sits above much of the local housing stock, offering buyers rare outdoor space and redevelopment potential within a leafy, low-rise suburb dominated by detached family homes. The four-bedroom, two-bathroom layout with multiple car spaces and a pool makes it a natural fit for growing families or those seeking a long-term home with room to add value. Its placement within the local high school catchment and reliable NBN and mobile coverage strengthens its appeal for owner-occupiers prioritising convenience and schooling.
The property’s 1963 construction age may present maintenance considerations, particularly around roofing, electrical systems, and older plumbing, which could influence renovation budgets. The presence of a bushfire overlay introduces a due-diligence step for insurance and any future extensions, though this is not uncommon across the suburb. The estimated weekly rent of $675 against a value near $927,000 suggests a modest gross yield around 3.8%, positioning this more as a lifestyle purchase than an investment play. Buyers should weigh the pool’s upkeep costs and the potential need for modernisation when forming their price view, as presentation and condition will likely drive final negotiation more than land size alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 43 Coulls Road, Banksia Park SA 5091
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Banksia Park, in Adelaide’s northeastern suburbs, attracts established professionals and owner-occupiers with mortgages, a low rental share, and a tight 0.28-0.35% vacancy rate. Weekly rents of $560-$623 and 62-78 annual sales confirm active demand. Median house prices are $835,000 (three-bed $738,000, four-bed $830,000), after 15-17.77% annual growth and 20.85% over two years. Houses sell in 40-73 days, yielding 4.01%. Rent growth of 6.66% and scarce rental supply support future gains. Risks: affordability stretch—prices well above local income benchmarks—and a 63.64% year-on-year rise in listings (18 available) that could cool momentum.
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PropCred Estimated Value
Comparable Sales: 15 Coulls Road sold at $1.02M; 13 Hobart Crescent sold at $890K | Property Price Band: $900K–$1.0M | Value Drivers: land size, pool condition, renovation potential
Bedrooms
5
Bathroom
3
Parking
3
Land
779m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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