54 Yulinda Terrace, Gulfview Heights SA 5096

54 Yulinda Terrace, Gulfview Heights SA 5096
Corner-swept 1,977m² lot | Built 1996, extended Federation style | 9 car spaces signals investor/multi-family potential | Last sold 2003, now testing market after 23-year hold This five-bedroom, four-bathroom house occupies a substantial corner allotment in Gulfview Heights, positioned within the Salisbury local government area. The property spans 875m² of building coverage across a 1,977m² landholding, with nine car spaces comprising seven garage and two carport spaces. Ground elevation sits at 87m with roof height at 11m. The dwelling was constructed in 1996 and has been extended in Federation style, featuring north-facing orientation that provides natural light and passive solar benefits. A swimming pool adds recreational amenity to the landscaped garden with patio area suitable for alfresco entertaining. Infrastructure connectivity includes NBN Fibre to the Premises and 5G mobile coverage. The property falls within Para Hills High School catchment and experiences no bushfire, flood, or heritage overlays, reducing regulatory constraints. The market positioning suggests appeal to several buyer segments. The nine car spaces indicate suitability for households with multiple vehicles, tradespersons requiring equipment storage, or investors considering dual-occupancy potential on the substantial lot. The 23-year ownership period since 2003 suggests the vendor may be downsizing or redeploying capital, potentially indicating motivated selling conditions. Gulfview Heights demographics skew relatively balanced across age groups, with 28% under 20, 27% aged 20-39, 27% aged 40-59, and 18% aged 60 and above. This suggests established family-oriented demand rather than investor-dominated markets. Growth drivers include proximity to developing employment corridors and education facilities. The substantial landholding presents development opportunities if zoning permits subdivision or intensification, though current residential classification should be verified for future-use potential. The corner positioning enhances visibility and accessibility compared to standard residential lots. Risks centre on the 1996 construction age requiring inspection for building condition, potential maintenance costs on extended structures, and market absorption given the extended holding period and best-offer pricing strategy indicating vendor flexibility rather than strong market momentum.

Market Insight:

Inventory remains extremely tight in Gulfview Heights, pushing demand from families chasing established homes near quality schools and amenity-rich northern suburbs while higher-than-average incomes help sustain the price plateau. Buyers are motivated by the suburb’s scarcity, rental stability and lifestyle appeal, with the limited listings funneling interest into resale stock. Risks include affordability pressure and elevated building approvals that could deliver more supply within 12–24 months, even as prices have stayed largely flat to gently up over the past six months, preserving modest single-digit annual gains.

PropCred Estimated Value

Bedrooms

5

Bathroom

4

Parking

9

Land

1,977m²

Built

Recent Assessments