14 Elizabeth Street, Woodville West SA 5011
14 Elizabeth Street, Woodville West SA 5011
3-2-1 house | school catchment | infill zone | older fabric | family value
The house is positioned within an established residential pocket of Woodville West, where the three-bedroom, two-bathroom configuration with a single parking space is considered practical family accommodation. The property is set on a traditional house block, which distinguishes it from the newer townhouse product that has become common in the locality. Its proximity to government primary and secondary school catchments, along with access to local shops, public transport, and the Queen Elizabeth Hospital, is seen as a strong advantage for families and owner-occupiers. The house is likely suited to a buyer seeking a manageable single-level residence with scope to modernise, rather than a turnkey contemporary home. The ongoing infill development in the surrounding area is evidence of demand for well-located housing, and an older house of this size and layout is considered to retain solid reuse value.
The value of the house might be affected by the condition of the original structure, the actual land size, and the level of any prior updates. The presence of any permitted extensions or the potential for future subdivision could also be relevant, though this is not confirmed. The presentation of the house, including its street appeal and internal layout, may be considered when comparing with newer stock. The cost of possible modernisation might be weighed against the entry price that an older house typically offers.
Detailed Independent Property Report prepared by PropCred Analyst team for 14 Elizabeth Street, Woodville West SA 5011
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Woodville West has cemented itself as a tight, high-demand pocket of Adelaide’s inner west, with a median house price of $990,000 and annual capital growth of 16.06%. Demand is being led by a fast-growing professional cohort in their 30s; the suburb’s population rose 24.6% between 2016 and 2021, and household incomes are now among the higher brackets. The market is moving quickly: houses average just 27 days on market, with 63 sales in the past year, indicating strong turnover despite elevated prices. Rental demand is healthy too, with weekly medians ranging from $520 for a three-bedroom to $750 for larger homes. The broader Woodville area supports this, with house rental yields at 3.32% and units at 5.02%, though unit-specific data for Woodville West is unavailable. Buyers are paying for proximity and lifestyle, yet the limited sales volume and rapid price appreciation suggest supply is being absorbed swiftly. The growth story is compelling, but the affordability threshold is high, making further gains dependent on sustained professional migration and infrastructure delivery, neither of which is explicitly detailed in available data.
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PropCred Estimated Value
Comparable Sales: 1 Elizabeth Street sold for $877,000 | Property Price Band: $700,000–$800,000 | Value Drivers: condition, land size, presentation
Bedrooms
3
Bathroom
2
Parking
1
Land
565m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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