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38 THORNGATE DRIVE BELAIR SA 5052

HOUSE FOR SALE

$1,300,000

Estimated Valuation

38 THORNGATE DRIVE BELAIR SA 5052 Property Photo
Bedrooms

4

Bathrooms

1

Car Space

3

Land Size

1,392 m²

Year Built

1972

Property Type

House

COMPARE LISTINGS
Added 7 hours ago
Listing Price

$1,250,000-$1,350,000

Listed By
Harris Real Estate - Blackwood RLA 333839
Experience elevated living in this significantly updated 1970s double-brick classic set on a massive 1,392sqm leafy block in Belair. Featuring dual living zones, a modern stone kitchen, and an enclosed glass entertaining atrium, this home offers both classic character and modern comfort with 6.6kW solar panels and ducted air conditioning.

Description

This 1972 double-brick classic has been significantly remodelled and updated throughout to offer a sophisticated lifestyle in the sought-after suburb of Belair. The home sits on an expansive 1,392sqm allotment, providing ample space for gardens and outdoor living while remaining close to local amenities like Sheoak café and St. John's Grammar. The property is designed with dual living zones; the main upper level features generous living areas with timber-topped cabinetry and floating floors that frame treetop views through picture windows, while a separate downstairs rumpus room offers potential for a home business or teenage retreat.

The exterior boasts an elevated position overlooking extensive lawns and gardens. Key outdoor features include a glass-enclosed entertaining atrium, a timber deck, and a large backyard suitable for children and pets. The property includes secure double garage facilities with a single carport and rear access. Internally, the modern stone-topped kitchen is equipped with stainless-steel electric appliances, including a Miele dishwasher, and a butler's pantry. Additional comfort features include ducted reverse-cycle air conditioning and 6.6kW solar panels. The home also benefits from ample storage within a workshop, cellar, and additional shedding.

Property Style & Condition

Overall
contemporary
excellent
Condition
Exterior
traditional
good
Condition
Livingroom
contemporary
excellent
Condition
Bedrooms
modern
excellent
Condition
Kitchen
contemporary
excellent
Condition
Bathroom
standard
good
Condition
Yard
landscaped
excellent
Condition

Key Features

Significantly remodelled 1970s double-brick classic
Expansive 1,392sqm (approx.) allotment
Dual living zones with separate downstairs rumpus/teenage retreat
Modern stone-topped kitchen with Miele dishwasher and butler''s pantry
Glass-enclosed entertaining atrium overlooking gardens
Timber deck and extensive lawn
Ducted reverse-cycle air conditioning
6.6kW solar panels
Secure double garage and single carport
Walking distance to Belair train station, Sheoak café, and National Park
Built-in robes in bedrooms
Workshop, cellar, and ample storage
Zoned for Belair Primary and Blackwood High

Specifications

Property Details
Property Type House
Stories 2
Parking Type attached garage, carport
Construction brick
Windows double pane
Location & Setting
Setting suburban
Lot Position interior lot
Views forest, park
Nearby Amenities
Near train station
Near primary school
Near high school
Near shopping
Near parks

Exterior

deck
timber deck
fenced yard
mature landscaping
garden
workshop
shed
carport
double carport
solar panels
retaining walls
solar panels

Indoor

open floor plan
hardwood floors
kitchen island
pantry
walk in pantry
built in shelving
ceiling fan
recessed lighting
sliding glass doors
refrigerator
oven
gas range
induction cooktop
dishwasher
central ac
central ac
double story
Listed on 02 Sep 2026

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    Property     BELAIR     LGA

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BELAIR Statistics

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Crime in suburb of Belair SA

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Safety Rank

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Overall Crime

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5-Year Crime Trend (2020 - 2024)

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Victimization Probability

Violent Crime Chance 1 in X
Property Crime Chance 1 in X
State Average (Violent) 1 in 84

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The True Cost of Buying this Property

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  Investment Viability Engine · 2026 Tax Rules

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1 The Property

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2 Your Situation

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3 Costs & Assumptions

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A negatively geared property usually works best held by the higher earner; a positively geared one benefits from being split to the lower earner. This is general information only.
Land tax (NSW)Annual holding cost on combined land value over the threshold.
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NSW 2026: nil up to $1,075,000 combined land value, then $100 + 1.6% of the excess, rising to $88,036 + 2% premium rate above $6,571,000. Computed land tax replaces the figure in section 3.
Cash buffer & risk capacityCould you survive vacancy, rate rises and repairs?
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Calculating…Verdict ?
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rent cash flow + capital gain − all costs & tax
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Comparing Common Investments ?
What this shows
Property value (grey bars, left axis) is the projected market value each year using your capital-growth assumption. The capital profit if sold line (coral, left axis) is the money you'd actually walk away with that year after repaying the loan, paying selling costs, paying CGT, and getting back the cash you put in. The rent collected line (teal, right axis) is gross annual rent received, grown at your rent-growth assumption.
What this shows
Three views of how the position evolves year by year. Property value (dashed) shows the asset growing at your capital-growth rate. Equity (coral) is value minus loan balance — how much of the property you actually own. Cumulative cash flow (teal) is the running total of all after-tax rent (positive) or top-ups (negative) you've put in since day one.
What this shows
The yearly cash position after every cost and tax effect. Green bars = positive years (the property paid you). Red bars = years you had to top it up from your pocket. This is the most honest picture of what holding the property feels like on a year-to-year basis.
What this shows
Where every dollar of the projected sale price goes. Net to you is what lands in your bank account; the rest is consumed by loan payout, selling costs and capital gains tax. The CGT slice depends on which regime applies (50% discount, indexation + 30% min tax, or a split of the two).

What this shows
How fragile your outcome is to the capital-growth assumption — the single biggest swing factor in any property forecast. Each point on the line re-runs the entire model at a different growth rate. Where the line crosses the dashed zero, that's roughly the growth rate needed just to break even over your hold period.

What this shows
The same upfront cash invested four different ways, held the same number of years. The property includes all rent, costs, tax and the final sale (after CGT and loan payout). The ASX 200 ETF compounds at its assumed total return; the gold line compounds at gold's long-run average; the inflation line is what you need to just preserve your purchasing power. Any year the property bleeds cash, that shortfall is invested in the comparison asset too (so they get the same total dollars over the life of the deal). Gains on the comparison assets are taxed under the same 2026-Budget CGT regime that applies to shares and ETFs — the transitional split (50% discount on the pre-1 Jul 2027 portion, then cost-base indexation + 30% minimum tax on the post-1 Jul 2027 portion), since non-property assets are never grandfathered.
What this shows
The full year-by-year ledger. Cash flow is pre-tax (rent minus all cash costs); tax effect is the value of any deduction or the tax bill on net profit; after-tax is the actual dollars in or out of your account that year. Cumulative is the running total.

About this model

Reflects the 2026 Federal Budget proposals (announced 12 May 2026): from 1 July 2027, negative gearing on established residential property bought after 7:30pm 12 May 2026 can only offset rental income / residential property gains (excess losses carry forward), and the 50% CGT discount is replaced by cost-base indexation plus a 30% minimum tax on the real gain accruing after 1 July 2027. The CGT change applies to all CGT assets (shares, ETFs, gold, crypto), not just property, so the comparison assets are taxed on the same basis. New builds retain full negative gearing and the choice of the 50% discount. Properties contracted on/before 12 May 2026 are grandfathered. The main residence, superannuation funds and widely-held trusts are exempt. These are proposed rules that may change in legislation. Resident tax rates 2025–26 are used (incl. 2% Medicare levy). This is general information, not financial, tax or legal advice — consult a licensed adviser before acting.
Purchase Cost Calculator

The True Cost of Buying this Property

Beyond the sale price, Australian property buyers face stamp duty, legal fees, inspections, loan charges and more. Adjust the purchase price and your state to see the full picture.

Purchase Price
$850,000
AUD
$100K $5M
Property State
Your Situation
Total Additional Costs
On top of the $850,000 purchase price in NSW
Extra Costs
$52,000
All-In Cost
$902,000
% of Price
6.1%
How these figures are calculated

Stamp Duty (Transfer Duty): Calculated using each state's 2024–25 residential transfer duty brackets for owner-occupiers. First home buyer concessions and investor surcharges are applied where selected.

Lenders Mortgage Insurance (LMI): Estimated at approximately 1.5–2.5% of the loan amount, assuming an 85% LVR. Actual LMI depends on your lender, LVR and loan size.

Conveyancing / Legal Fees: Typical range of $1,500–$3,000 covering contract review, searches and settlement. We use a mid-range estimate.

Building & Pest Inspection: Typically $400–$800 combined for a standard residential property.

Loan Application & Mortgage Registration: Includes bank application fees ($300–$600), mortgage registration (state-based, usually $150–$230) and transfer registration fees.

Council & Water Rate Adjustments: Estimated at around 0.1% of the purchase price — the buyer typically reimburses the seller for pre-paid rates.

These estimates are indicative only. Always confirm exact figures with your conveyancer, broker and the relevant state revenue office before committing to a purchase.

Mortgage Calculator

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Buyer Fees Calculator

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Disclaimer: This calculator provides estimates only based on standard published rates for 2025-26. Actual stamp duty may vary based on individual circumstances, concession eligibility, and contract dates. LMI is a rough estimate only — actual premiums vary by lender, LVR, and loan size. Always verify with your state’s revenue office and seek professional advice before purchasing.

Mortgage Affordability & Borrowing Capacity Calculator

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Calculating…
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Disclaimer: This calculator provides an estimate only and does not constitute a quote or loan approval. Calculations are based on standard APRA guidelines (including a 3.0% interest rate assessment buffer) and 2025–26 Australian resident tax rates. Lenders may apply their own specific Household Expenditure Measure (HEM) rules, risk margins, and varying credit card assessment rates (typically 3.8% of the limit). Rental income is shaded to 80%. Always speak to a licensed mortgage broker or lender for an exact assessment.

Refinance Savings Calculator

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Disclaimer: This calculator provides estimates only. It assumes interest rates remain constant for the life of the loan and does not account for offset accounts or extra repayments. Refinance costs vary by lender and state (typically including a discharge fee, application fee, and government mortgage registration fees). If your loan balance is above 80% of your property's value, you may also be required to pay Lenders Mortgage Insurance (LMI) when refinancing. Always seek professional financial advice.

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