46 Shorney Road, Parafield Gardens SA 5107
46 Shorney Road, Parafield Gardens SA 5107
3 bed 1 bath on 748m² lot | Wide 24m frontage subdivision potential STCC | Flood overlay present | Catchment for Parafield Gardens High| Renovated kitchen/bath ready for families or investors eyeing growth
Spacious 1960s house recently updated with tiled floors, split system AC, 2 toilets, 2 car garage on low elevation site. Offers immediate occupancy plus scope to extend or subdivide into 2-3 lots given no easements and generous size. Appeals to first-home families, downsizers or developers in family-oriented suburb with parks, shops, transport nearby. Strong demand from buyers seeking larger blocks amid tightening supply of developable land. Walkable to Parafield Gardens Primary (1km, gov, 176 students), Karrendi Primary (1km), Holy Family Catholic, High School (1.3km). Diverse demographics favor rentals yielding steadily. Growth drivers include NBN/5G access, proximity to amenities; risks from flood zone. Positioned well for value-add plays in expanding area.
Detailed Independent Property Report prepared by PropCred Analyst team for 46 Shorney Road, Parafield Gardens SA 5107
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Parafield Gardens demand is underpinned by a tiny 0.48-month inventory, sub-20-day marketing time and a 100% clearance rate, so buyers still act fast whenever stock appears. (( With houses trading near $783,500?$785,000 and annual growth of about 12?13%, the last six months have simply extended that upward bias as buyers chase the mid?$700,000 bracket before values hit Salisbury fringe peaks. (( Solid yields near 4% and moderate new approvals keep upside intact, but those same supply constraints mean any new discounting or a pause in demand could quickly cool momentum, so monitor listings before committing. ((
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
748m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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