50 Lomalinda Drive, Craigmore SA 5114
50 Lomalinda Drive, Craigmore SA 5114
This is a three-bedroom, one-bathroom single-story house built in 1979 with approximately 107 square meters of internal living space. It sits on a generous 730 square meter lot with two car parking spaces. The property is located in Craigmore, a well-established suburb within the Playford council area.
What stands out here is the land-to-house ratio. At 730 square meters, the lot is meaningfully larger than the house footprint, which is a configuration that is becoming less common in established suburbs. This creates genuine flexibility for a buyer looking to renovate, extend, or simply enjoy outdoor space without feeling cramped. The property sits in a family-oriented neighborhood of similar-era homes, which gives it a settled, low-density character that appeals to buyers seeking space over proximity to nightlife. This house is best suited to a buyer who values land potential over move-in-ready finishes, and who is comfortable with a renovation project or a longer-term hold.
The age of the build is the primary factor to weigh. At 47 years old, the house likely has original or aged finishes, and the listing language around potential suggests this is not a recently updated property. A buyer should factor in the cost of updating kitchens, bathrooms, and possibly electrical or plumbing systems. On the positive side, the lot size may offer subdivision or development potential depending on council zoning, though this would require independent verification. The rental yield signals are mixed, with some listings showing lower rates, which may reflect condition rather than demand. A buyer forming a view on price should consider the cost of bringing the house to a modern standard against the value of the land itself.
Detailed Independent Property Report prepared by PropCred Analyst team for 50 Lomalinda Drive, Craigmore SA 5114
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Craigmore is a family-oriented suburb with a stable, established demographic, where demand is primarily driven by owner-occupiers, particularly families. This has supported robust recent price growth and a competitive sales environment with properties transacting efficiently. Future performance will be influenced by continued household income growth, though a high proportion of mortgaged owners indicates sensitivity to economic conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
730m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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