RateMyAgentGo to search
Back 38 Lancaster Avenue
Active

38 Lancaster Avenue

Parafield Gardens SA 5107

4
1
2
261 m²
737 m²
House
Currently for sale - view listing

Overview

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. What We Love About the Location: Properties on allocations of this scale are rapidly disappearing in Parafield Gardens. Whether you intend to hold and reap the steady fortnightly rewards or immediately slice the block to capitalize on the booming demand for newly built homes in Northern Adelaide, 38 Lancaster Avenue is a strategic win for your portfolio. DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document. RLA-352067 For more information, contract details, or to arrange an inspection, contact the team today: Damanjeet Singh (Principal) | +61 469 851 244 | dj.singh@raywhite.com Jatin Arora (Associate) | +61 466 466 042 | jatin_arora@raywhite.com

Features

4 bedrooms
1 bathroom
2 carspaces
2 open car spaces
261 m² floor area
737 m² lot size
House

Property history for 38 Lancaster Avenue

2022
Sold
$600,000
Auction Sale on 08 May 2022 by Marz Harkotsikas, of Ray White Mawson Lakes

Happy sellers in Parafield Gardens

91%
91% of sellers in Parafield Gardens reported that their sale price either exceeded or met their price expectations.

Parafield Gardens stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 30 reviews in Parafield Gardens over the last 12 months.

Local market activity for 4 bedroom houses in Parafield Gardens

In the last 12 months, 69 four-bedroom houses similar to 38 Lancaster Avenue, have been sold.

This represents a 10% increase in four-bedroom houses sales when compared to the previous 12 months.

RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap