38 Lancaster Avenue, Parafield Gardens, SA 5107 | House for sale | OnTheHouse
 
FOR SALE
AUCTION 3:00PM 20TH JUNE (USP)

38 Lancaster Avenue
Parafield Gardens SA 5107

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 261m2
Land area: 737m2
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Auction Time
Sat 20 Jun 3:00 pm
Inspection Times
No upcoming inspections scheduled.
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Incredible Allotment with Endless Potential - Develop or Invest!

The Opportunity of a Lifetime : Ray White Modbury is proud to present this standout property positioning itself as a premier acquisition for savvy investors, developers, and land-bankers alike. Nestled in a highly sought-after pocket of Parafield Gardens, this expansive 737m² (approx.) allotment boasts a commanding, broad frontage of 18 metres or above, making it an absolute textbook candidate for a lucrative multi-dwelling subdivision (STCC - Subject to Council Consent).
High-Spec Solar Infrastructure Included : Future-proofed and highly energy-efficient, the property features a top-tier 6.6 kW Solar System paired with a premium, market- leading Fronius Inverter. This valuable addition drastically slashes electricity overheads, offering an incredible, sustainable selling point for future occupiers or a massive lifestyle benefit for current residents.
Immediate Cash Flow & Strong Yields
• Forget the carrying costs usually associated with development sites! This property is a rare "set-and-forget" asset that pays for itself while you secure your planning approvals.
• Current Rental Income: Securely tenanted at $1,300 fortnightly ($650 per week).
Key Property Features:
• Development Ready Allotment: Substantial 737m² block with an expansive 18m+ frontage-ideal for seamless subdivision designs and maximum block yield (STCC).
• Spacious Internal Footprint: Features a functional 4-bedroom floor plan and a dual-car garage, maintaining strong long-term tenant appeal.
• Premium Infrastructure: No complex government overlays, flat topography, and reliable NBN HFC connection.
• Unbeatable Location: Highly accessible location within close proximity to Parafield Gardens High School, local primary campuses, commuter train lines, and major retail hubs.
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Property Details for 38 Lancaster Ave, Parafield Gardens

38 Lancaster Ave, Parafield Gardens is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 737m2 and floor size of 261m2. The place is currently for sale with Ray White Modbury.

Building Type
House
Floor Size
261m2
Land Size
737m2
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About Parafield Gardens 5107

The size of Parafield Gardens is approximately 7.1 square kilometres. There are 40 parks, covering nearly 11.3% of the total area. The population of Parafield Gardens in 2016 was 16945 people. By 2021 the population was 18467 showing a population growth of 9.0% in the area during that time. The predominant age group in Parafield Gardens is 30-39 years. Households in Parafield Gardens are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parafield Gardens work in a labourer occupation.In 2021, 67.60% of the homes in Parafield Gardens were owner-occupied compared with 68.00% in 2016.

Parafield Gardens has 7,029 properties. Over the last 5 years, Houses in Parafield Gardens have seen a 127.85% increase in median value, while Units have seen a 112.44% increase. As at 30 April 2026:

  • The median value for Houses in Parafield Gardens is $856,154 while the median value for Units is $613,176.
  • Houses have a median rent of $600 while Units have a median rent of $585.
There are currently 20 properties listed for sale, and 7 properties listed for rent in Parafield gardens on OnTheHouse. According to Cotality's data, 280 properties were sold in the past 12 months in Parafield gardens.

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Damanjeet Singh
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Jatin Arora
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Ray White Modbury
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