17 Richardson Road, Elizabeth South SA 5112
17 Richardson Road, Elizabeth South SA 5112
3 bed, 1 bath, 1961 built house on 644sqm Torrens Title land with 84sqm floor area, fully renovated, modern open-plan kitchen, solar panels, 3 open car spaces. Single storey, low maintenance.
This is a fully renovated 1960s house that offers a genuinely rare combination in Elizabeth South — a modern interior on a standard sized block without the need for immediate work. The open plan layout and solar panels reduce ongoing costs, which is a meaningful advantage in this price bracket. The property sits firmly in the middle of the suburb’s typical stock; it is not oversized or unique in land, but the renovation lifts it above most comparable houses in the street. It serves first home buyers and investors best, as the condition removes the usual renovation risk and the Torrens Title structure gives straightforward ownership. The 644sqm land is typical for the area, not a standout, but the low maintenance exterior and modern kitchen make this a turnkey proposition in a suburb where many houses still need updating.
The 1961 build age may still hide older infrastructure behind the renovation — plumbing, wiring, or insulation that was not replaced during the cosmetic update. Buyers should verify what was actually renewed. The single bathroom is a constraint for families or tenants who prefer a second toilet, and the 84sqm floor size is compact by modern standards, which may limit appeal to downsizers or couples rather than larger households. The three open car spaces are driveway parking only, not undercover, which could affect perceived value in a market where garages are expected. Solar panels are a genuine running cost advantage, but their age and output should be confirmed. The property’s position within Elizabeth South is convenient to transport and shopping, but the suburb itself carries a longer commute to the CBD, which may narrow the buyer pool slightly.
Detailed Independent Property Report prepared by PropCred Analyst team for 17 Richardson Road, Elizabeth South SA 5112
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
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
3
Land
644m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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