10 Benham Street, Elizabeth East SA 5112
10 Benham Street, Elizabeth East SA 5112
2 bed 1 bath house | 1960 build on 609sqm | inconsistent parking records | residential zoning in Playford | strong capital growth since 2018
This is a straightforward older detached house on a reasonably sized residential lot in Elizabeth East, a suburb where established housing stock on similar blocks is common. The 1960 build date places it within the typical age profile for the area, and the 609 square metre block offers more space than many newer infill developments provide. What stands out here is the significant increase in value from its prior sale, which suggests the suburb has seen genuine demand growth rather than just market-wide movement. The property is best suited to a first-home buyer wanting a standalone house with room to add value through updates, or an investor looking for a basic rental holding in a lower-entry suburb. The parking figures vary considerably across data sources, but that is unlikely to be a deciding factor for most buyers given the house itself is the core offering.
The inconsistency in recorded bedroom and parking numbers across different listings may cause some confusion during due diligence, but it does not change the physical reality of what is on the ground. A buyer should verify the actual configuration through inspection rather than relying on portal data. The age of the build means the condition of the roof, plumbing, and electrical systems should be carefully assessed, as older homes in this price range often require capital expenditure within the first few years of ownership. The capital growth trajectory has been strong, but that may partly reflect the low base of the prior sale rather than sustained outperformance. Rental demand in the area is reasonable for basic housing, but without current rent data the yield cannot be confirmed.
Detailed Independent Property Report prepared by PropCred Analyst team for 10 Benham Street, Elizabeth East SA 5112
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Elizabeth East presents as a highly affordable entry point into the Adelaide market, attracting a demographic of practical buyers seeking value. Demand is driven by this affordability, supported by a consistent sales volume indicating steady interest. Recent price trends show robust growth, reflecting a healthy market where balanced conditions prevent seller urgency. Future momentum hinges on sustained affordability, though the market’s current equilibrium suggests stable, incremental growth ahead without significant supply pressures.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
609m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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