109 Forrestall Road, Elizabeth Downs SA 5113
109 Forrestall Road, Elizabeth Downs SA 5113
This is a 3-bedroom, 2-bathroom house on a 261m² lot, built in 1964 and located in Elizabeth Downs. It is a single-storey home with one car space, solar panels, and sits within the Playford Council area.
What is competitively strong here is the two-bathroom configuration, which is uncommon for a 1964 build in this suburb and gives it an edge over most nearby stock. The property sits on a smaller lot than typical for the area, but the higher rental estimate suggests the finishes or condition are above average. It serves best a first-home buyer or an investor looking for a property with better-than-standard amenity on a manageable block. The location offers good connectivity with NBN fibre and 5G, and it falls within the Craigmore High School catchment, which adds appeal for families. The solar panels are a practical bonus that lowers ongoing costs.
The flood overlay present may affect development applications or insurance premiums, so this is something a buyer should weigh carefully. The small lot size and narrow frontage limit future expansion or subdivision potential. The age of the building might mean some maintenance is due, particularly on the roof or plumbing. While the rental yield sits around 4%, this is reasonable for the area but not exceptional. The lack of heritage or bushfire overlays is a positive, but the flood management control introduces a layer of planning risk that could affect resale value.
Detailed Independent Property Report prepared by PropCred Analyst team for 109 Forrestall Road, Elizabeth Downs SA 5113
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
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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
Bedrooms
3
Bathroom
2
Parking
1
Land
261m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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