17A Andrews Road, Elizabeth Downs SA 5113

17A Andrews Road, Elizabeth Downs SA 5113
Large block | dual living potential | high demand zone | no overlays | strong rental yield The property’s five-bedroom, three-bathroom configuration on a 408mยฒ lot is unusually versatile for Elizabeth Downs, making it rare in a market where family-sized houses with separate living areas are undersupplied. The ducted heating and cooling, built-in robes, and two living zones reduce immediate renovation needs, which strengthens a buyer’s negotiating position against comparable properties requiring work. It serves best a multigenerational family or an investor seeking above-average rental income, given the mid-range $545 per week estimate aligns with local demand for larger homes near Playford International College. The primary risk is the $230,000 gap between the asking price and estimated value, which creates a measurable overpay scenario unless the buyer can negotiate down or add value through subdivision potential on the lot. No bushfire, flood, or heritage overlays reduce insurance costs and planning delays, but the property’s position in a growth corridor means future density changes could affect privacy or street appeal. The buyer should hold this for medium-term capital growth tied to Playford’s infrastructure upgrades, or use it as a stable rental holding with minimal management overhead.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Elizabeth Downs presents a compelling entry point into Adelaide’s northern corridor, characterised by strong recent capital growth and high rental yields. Demand is driven by first-home buyers and investors attracted by affordability relative to broader markets and robust rental returns, supported by a stable, renter-majority population. The market exhibits very strong price momentum with houses transacting quickly, indicating sustained buyer appetite. Future growth is underpinned by this fundamental demand, though its rapid appreciation introduces sensitivity to economic shifts and affordability pressures for its predominantly working resident base.
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PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

2

Land

408mยฒ

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