36 Ridley Road, Elizabeth South SA 5112
36 Ridley Road, Elizabeth South SA 5112
3 bedrooms, 1 bathroom, 1 parking space, 94 square metres internal area, 519 square metre land size. Built 1961, single-level semi-detached unit. This property is a semi-detached unit on a shared lot, smaller than the area’s typical standalone houses.
The property’s main competitive strength is its lower entry price point for Elizabeth South, achieved through its semi-detached configuration and smaller land size. This positions it as an accessible option for first home buyers or investors seeking a foothold in a mature suburb. The existing tenancy until 2027 provides stable rental income, appealing to those wanting immediate yield without vacancy risk. While land size is below the suburb’s standalone average, the 519 square metre lot still offers outdoor space. This property best serves buyers prioritizing affordability and rental income over maximum land or privacy.
The most material factor affecting value is the semi-detached nature, which may limit capital growth compared to nearby standalone houses. The single parking space might be a constraint for households with multiple vehicles. The property’s 1961 construction and description as having “potential” suggests original or modestly updated finishes, so renovation costs should be weighed. Its smaller land size relative to typical local lots may narrow the buyer pool, influencing resale speed. The fixed tenancy provides security but also delays any owner-occupier renovations until 2027.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Ridley Road, Elizabeth South SA 5112
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Elizabeth South presents a dynamic entry point into the Adelaide market, characterised by strong recent price momentum. Demand is supported by a steady volume of transactions, indicating consistent buyer interest, likely driven by relative affordability. The market demonstrates resilience with properties transacting efficiently. Future growth will hinge on broader economic factors and the suburb’s ability to attract sustained investment, though limited data on new supply and rental yields suggests a degree of market opacity that warrants careful consideration.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
519m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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