22 Charford Street, Elizabeth North SA 5113

1960 duplex | 843m² land | 3 bed | solar & air | Playford College zone This property presents a high-land-content offering in a tightly held suburb, where its 843 square metre parcel is a competitive rarity against newer, smaller lots. The established duplex configuration, with recent additions of solar panels and air conditioning, targets the budget-conscious investor or first home buyer seeking yield and land appreciation over cosmetic finish. Its fixed placement within the Playford International College catchment adds a stable demand lever from tenant families. Your decision hinges on reconciling the significant land size advantage against the inherent inconsistencies in recorded data and the property’s age. The duplex structure and 1960 build necessitate a stringent building inspection to budget for capital upkeep, offsetting the lower entry point. The commercial logic is clear: acquire for land value and hold, leveraging the current rental yield to service the property while banking on long-term land value growth in a regenerating area. Treat this as a strategic land play with a house attached, not a premium residence. The sales history indicates substantial equity growth from its 2017 sale at $155,000, framing the current estimated value band. This trajectory underscores the suburb’s capital growth potential, though the wide current estimate range reflects market uncertainty on precise value. * May 2017: Sold for $155,000 * Current Estimate Range: $450,000 to $560,000 This past growth supports the case for land banking, but the broad valuation spread requires a disciplined purchase price to ensure immediate equity.