7 Mclean Street, Elizabeth Park SA 5113

7 Mclean Street, Elizabeth Park SA 5113
This is a 3-bedroom, 1-bathroom house on a generous 939m² rectangular lot with 17.5 metres of frontage and a single car space. The property is a single-storey dwelling in an established residential street. The land itself is the strongest feature here. A 939m² rectangular block with this frontage is uncommon in the current market and provides genuine flexibility for future use, whether that be extending the existing house or developing the rear. The property sits in a suburb where 3-bedroom homes are the standard offering, meaning it competes directly with the majority of buyer demand in the area. This house is best suited to a buyer who values space and potential over immediate polish, particularly families or investors looking for a solid entry point into an active market. The condition and age of the house are not confirmed, which may affect how the price compares to other listings in the same street. A buyer should weigh whether the guide reflects a property that requires updating or one that is move-in ready. The single bathroom and single car space are below what some buyers in this segment expect, which may narrow the pool of interest. The lack of sold transaction data for nearby comparables means the price guide should be tested against actual market feedback rather than assumed.
Detailed Independent Property Report prepared  by PropCred Analyst team for 7 Mclean Street, Elizabeth Park SA 5113
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk
Income Risk 2
Execution Risk 2
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Market Insight

Elizabeth Park is a high-growth, family-oriented suburb where demand is driven by young households seeking affordability. Recent price trends show exceptionally strong capital growth, reflecting a robust and active market with significant sales volume. Future growth is underpinned by a young demographic and rising household incomes, though the high proportion of mortgaged owners indicates sensitivity to economic conditions.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

939m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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