8 Elaine Avenue, Pooraka SA 5095
8 Elaine Avenue, Pooraka SA 5095
This is a 1980 single-story house on 690 square metres with 3 bedrooms, 1 bathroom, 8 car spaces, and 114 square metres of internal area. The standout feature is the parking capacity, which is far above typical suburban stock and suggests the property has been configured for a specific use case.
The parking configuration is this property’s strongest competitive advantage. Eight car spaces on a standard residential lot is rare and positions the house well for tradespeople, fleet operators, or hobbyists who need secure off-street storage. The 690 square metre block is consistent with Pooraka’s typical family lot size, but the internal area is modest for the land, which means there is potential for extension or redevelopment if the zoning allows. The 1980 build date places it in the middle of the suburb’s housing stock—not a period feature, but structurally sound for its age. This property serves best a buyer who prioritises vehicle capacity over internal luxury, and who sees the land as the primary value driver rather than the house itself.
The modest internal footprint relative to the land size may affect value if comparable buyers prefer larger living areas. A single bathroom on a three-bedroom house is a constraint for families and may limit appeal in a standard resale. The 1980 construction, while not problematic, may require updates to insulation, windows, or electrical systems that a buyer should factor into their budget. The high parking capacity might also reflect past commercial or semi-industrial use, which could influence lender appetite or insurance premiums. Buyers should verify zoning and any easements that might restrict future use of the land. The lack of modern finishes is not a defect but it does mean the property competes on land and parking rather than on move-in readiness.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Elaine Avenue, Pooraka SA 5095
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Pooraka is a gentrifying suburb with strong appeal to young families and trades professionals, driving robust demand. This demographic shift, coupled with tight supply and ongoing development, has fueled significant recent price appreciation across both houses and units. Future growth is underpinned by its relative affordability and continued infrastructure investment, though constrained listings present a key market challenge.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
8
Land
690m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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