1/1 Durrington Road, Elizabeth SA 5112
1/1 Durrington Road, Elizabeth SA 5112
Stable lease income | flood overlay risk | constrained strata land | small unit block
The flood overlay limits future redevelopment upside and may increase insurance costs, reducing long-term capital growth relative to unencumbered properties. Periodic tenancy provides immediate income, but the absence of a fixed lease introduces vacancy risk. The 368m² land share in a three-unit strata offers limited scope for value-add renovations or subdivision. For an investor, hold for steady rental yield; for an owner-occupier, expect modest appreciation.
The corner block with solar panels and updated interior positions this unit competitively in Elizabeth’s entry-level market. Ducted air-conditioning and low strata fees enhance tenant appeal and reduce holding costs. It best suits a first-home buyer seeking affordability within Playford International College catchment or an investor prioritising reliable cash flow. Double-check flood overlay specifics before committing.
Independent, Unbiased Research Report for this property by PropCred Analyst team
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Market Insight:
Elizabeth is positioned as an established northern Adelaide suburb with a stable, working demographic. Demand is driven by local buyers within key age brackets, supported by a consistent, albeit low, transaction volume. The market has demonstrated robust capital growth in the housing segment, though current listings indicate constrained supply. Future performance hinges on this supply dynamic, with a key risk being the significant disparity in reported price benchmarks, which suggests market segmentation and potential affordability pressures.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
368m²
Assessments Delivered Today
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