Investment Opportunity with Future Development Potential
Secure your next investment with this tenanted property generating $515 per week on a fixed-term lease until April 26, 2026, offering immediate income and a happy long-term tenant.
Positioned on the high side of the street, on a valuable 635 sqm allotment with a wide 19m frontage, this property presents an excellent opportunity to collect consistent rent now, with the potential for subdivision or redevelopment (subject to Council consent) when the time is right.
The three-bedroom home features multiple living areas, including a separate lounge and a large, light-filled family and dining room. It offers ducted evaporative cooling plus a split system, and a well-equipped gas kitchen with a dishwasher.
Outdoors you'll find a detached lined studio/teen retreat, a gazebo, and an outdoor living area with a kitchenette. Additional features include a double-length carport with roller door, fully fenced with secure gated driveway, tool/garden shed, solar system, and roller shutters.
Located in a popular pocket just moments from FoodWorks, Harvey Drive Reserve, Elizabeth East Kindergarten and Primary School, with public transport and Elizabeth City Centre only minutes away, this is a smart investment ready to go in a convenient, family-friendly location.
Property Highlights:
• 635 sqm allotment (approx.) - No easements or significant trees
• 3 bedrooms plus detached lined studio/teen retreat
• Well-equipped gas kitchen with a dishwasher
• Built-in cupboards to all bedrooms
• Ducted evaporative cooling + split system A/C
• Fully fenced with secure gated driveway and excellent off-street parking
• Double-length carport with roller door
• Solar system, rainwater tanks, roller shutters
Elizabeth East Market Snapshot
Elizabeth East has firmly established itself as a highly attractive location for investors within the Adelaide property market, combining affordability with solid rental yields and steady capital growth. The area's strong tenant demand is supported by good schools, local shops, parks, public transport, and the major retail and service hub at Elizabeth City Centre. Ongoing investment in local infrastructure continues to strengthen long-term growth prospects, all just 28 km from Adelaide's CBD.
Don't miss out on this ready-to-go tenanted investment in a quiet, convenient location with future development potential.
Year Built: 1978
Living Size: 171 sqm
Land Size: 635 sqm (approximate)
Council: City of Playford
Council Rates: $2,022.05 per annum
Zoning: General Neighbourhood (GN)
For more information, contact Matthew Lee at MichaelKris Real Estate, RLA 212749.
Information Disclaimer: While MichaelKris Real Estate strives to provide accurate information in its listings, all information presented is derived from sources believed to be correct but cannot be guaranteed for completeness or accuracy. Measurements are approximate and should be independently verified by qualified professionals. Potential buyers are advised to conduct their own due diligence and seek professional advice before making any decisions.
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