41/47 Jarvis Road, Elizabeth Vale SA 5112

2 bed townhouse | 1977 solid brick | 13m² land | Elizabeth Vale | split-system AC | balcony | near Playford College This property offers a rare combination of solid brick construction and a compact footprint that keeps entry costs low while providing a modernised kitchen and split-system air conditioning-features that typically improve tenant retention in the lower end of the rental market. The 13m² land component is negligible but the balcony and built-in robe add genuine livability for a single professional or couple. It sits within the Playford International College catchment, which supports steady demand from families seeking school proximity without paying a premium for a house. The unit is best suited to a first-home buyer or an investor targeting a sub-$400k entry point with a yield near 5.5%. The main risk is the small land area and strata title, which limits capital growth compared to a freestanding house and may restrict borrowing for some buyers. The absence of bushfire, flood, or heritage overlays is neutral but the open car space rather than a garage is a minor drawback for tenant appeal. On the opportunity side, comparable units in the same complex have transacted between $365k and $375k in early 2026, confirming the price band is market-tested. The property holds best as a buy-and-hold rental, where the low purchase price and reasonable rent cover costs while the buyer builds equity elsewhere.