50 Evergreen Drive Davoren Park SA 5113
50 Evergreen Drive Davoren Park SA 5113
Flood overlay detected | Lease locked until 2027 | Coverage ratio 42% | Single-storey modern build
The flood overlay imposes a conditional risk, potentially increasing insurance premiums and limiting future resale buyer pools, while the fixed lease until 2027 caps owner-occupier access and shifts the property squarely to an investor play. The 42% building coverage leaves usable land, supporting modest value-add through landscaping or a shed. On balance, the property functions best as a stable income hold, not a short-term flip or immediate personal home.
The 2023 build in Evergreen Estate offers a low-maintenance footprint with modern inclusions like the alarm system and outdoor area, competitive for a buyer seeking turnkey rental yield in Playford. School catchment alignment and 5G coverage add practical appeal for tenant retention. For the investor who values secured cash flow and a recently constructed property, this represents a calibrated entry point-recommended to proceed with a flood overlay cost assessment before committing.
Independent, Unbiased Research Report for this property by PropCred Analyst team
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Market Insight:
Davoren Park is positioned as an affordable northern Adelaide suburb, attracting strong demand from first-home buyers and families seeking entry-level housing. This demographic is driving a robust market, evidenced by high sales volumes and rapid price appreciation. Recent conditions show houses transacting briskly, supported by solid rental yields. Future growth is tied to sustained affordability, though the market faces constraints from its mortgage-heavy ownership base and limited unit supply, introducing sensitivity to economic shifts.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
1
Land
300m²
Assessments Delivered Today
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