5 Oaks Court, Parafield Gardens SA 5107
5 Oaks Court, Parafield Gardens SA 5107
| 27% building coverage limits expansion | 11.8% growth past year may cool | $910k list sits at top of comparable range |
Parafield Gardens’ 27% building coverage on a 588m² lot restricts future extension without council variation, potentially capping upside for those seeking to add value through renovation. The 11.8% annual growth in the Boulevard Estate, while strong, introduces reversion risk if buyer demand moderates; however, a 3.8% rental yield with median rent at $730pw provides a floor for investor holding. This house is best used as a turnkey family home with moderate capital growth rather than a renovation or development play, given the current coverage.
The house’s 2009 build and secure double garage offer modern low-maintenance living in a high-demand pocket. Reliable NBN FTTP and 5G support remote work, a rare advantage in this corridor. This property best serves families seeking a lock-and-leave home in a school catchment, or investors wanting stable cash flow. To decide, verify annual growth is not speculative by checking recent sales on the same street within 45 days.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Oaks Court, Parafield Gardens SA 5107
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Parafield Gardens is a family-dominated northern Adelaide suburb with strong demand from mortgaged owners, comprising 39% of households. This demographic, with 50% couples with children, drives a competitive detached house market, evidenced by median prices of $708k-$795k and robust annual growth of 11.6%-24.1%. Houses sell in approximately 32 days, with rental yields at 3.8% and weekly rents rising 12%. Future growth is underpinned by high family population growth, though affordability constraints and interest rate sensitivity for mortgaged owners present key risks.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
2
Land
587m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!