5 Wilson Street, Elizabeth Downs SA 5113
5 Wilson Street, Elizabeth Downs SA 5113
3 bed, 1 bath, 756 m² block | 1964 build, 13% coverage | 4 car spaces, shed | $525/wk rent estimate | Craigmore High catchment
This is a generously proportioned older house on a block that stands out from the typical Elizabeth Downs offering. The 756 m² allotment with only 13% building coverage means substantial yard space, which is increasingly rare in entry-level suburbs. The four-car accommodation—carport, garage, and open space—plus a shed, makes it unusually practical for buyers with work vehicles, trailers, or hobbies. Built in 1964, it’s solid post-war stock rather than renovated product, but the layout and land are the real draw. It serves best a first-home buyer wanting room to grow or an investor chasing above-median rental return, given the $525 weekly estimate against a suburb that typically rents lower.
The age of the build might mean older wiring, plumbing, or roofing that could require attention sooner rather than later, and the absence of any noted renovation suggests the interior may need updating to reach full market potential. The large block, however, offers future flexibility—subdivision potential or extension opportunities—that could justify a premium for the right buyer. Parking inconsistency between sources (four versus six spaces) is worth clarifying during inspection, as is the lack of verified aspect or solar orientation, which may affect comfort and energy costs. These factors may influence how aggressively you negotiate, but they don’t diminish the core strength: a rare, usable block in an affordable, active market.
|| Comparable Sales: 1 Filsoll Street, 3/1, 581 m², sold June 2025; 36 Wilkins Road, 3/1, 562 m², last sold 2006 | Property Price Band: $600K–$700K | Value Drivers: land size, parking capacity, yard utility
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Wilson Street, Elizabeth Downs SA 5113
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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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
Comparable Sales: 1 Filsoll Street, 3/1, 581 m², sold June 2025; 36 Wilkins Road, 3/1, 562 m², last sold 2006 | Property Price Band: $600K–$700K | Value Drivers: land size, parking capacity, yard utility
Bedrooms
3
Bathroom
1
Parking
4
Land
756m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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