11/12-14 Elizabeth Street, Norwood SA 5067

11/12-14 Elizabeth Street, Norwood SA 5067
Furnished 2-bedroom with 2 ensuites | up to 3 car parks | metres from The Parade | low-maintenance premium location | suited to downsizers or professionals A furnished apartment with two ensuites and up to three car parks is a rare configuration in Norwood, where most medium-density stock is older units or compact townhouses. This property sits metres from The Parade, placing it in the suburb’s most walkable retail and dining corridor. The combination of multiple parking spaces and ensuite bathrooms makes it a strong fit for downsizers seeking lock-and-leave convenience without sacrificing space, or for professionals who value city proximity and off-street parking. Being in the Rose Park Primary and Marryatville High school catchments adds a layer of demand from family buyers, though the apartment format itself may limit that appeal. The property competes less on land size and more on location efficiency and internal amenity. The value of this property may be influenced by the building’s age and construction quality, which are not confirmed in the available information. A newer or well-maintained building would support a price premium, while an older structure might introduce ongoing body corporate costs or capital works requirements. The furnished status suggests a rental-ready proposition, which could appeal to investors, but the absence of a verified floor area or aspect means the internal layout and natural light remain unknowns. Parking allocation is a clear strength, but if the three spaces are not secure or require tandem arrangement, that may reduce their perceived value. Buyers should verify the exact floor level, building management, and any upcoming levies before forming a final view on price.
Detailed Independent Property Report prepared  by PropCred Analyst team for 11/12-14 Elizabeth Street, Norwood SA 5067
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk ! 1
Income Risk
Execution Risk
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Norwood SA 5067

Norwood is a tightly held, established suburb with a clear premium for houses over units. Demand is driven by owner-occupiers seeking a central lifestyle, evidenced by strong house price growth and a significant renting population. The market is active with houses transacting faster than units, which show softer conditions. Future growth is anchored in its enduring appeal, though the divergence in performance between property types and a low rental yield for houses present key considerations for investors.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

3

Land

129m²

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Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst