11 Talbot Street, Elizabeth East SA 5112

3 bedrooms, 1 bathroom, single-story house on a 685m² allotment built in 1960. Parking for 3 cars. Internal area approximately 102m². Currently tenanted on a periodic lease returning $400 per week. The standout feature here is the land. A 685m² allotment in an established suburb like Elizabeth East is increasingly uncommon, and it creates a clear advantage over the smaller blocks found in newer developments. The property itself is a straightforward mid-century home, which means the value is heavily weighted toward the land rather than the house. This configuration serves two buyer profiles best: an investor looking for immediate rental income with a long-term land-holding strategy, or a renovator or first-home buyer who sees the potential to modernize or extend. The current rental return provides a solid holding position while any plans are considered. The suburb itself offers a mix of older and newer homes, so this property sits comfortably within the local character without being an outlier. Several factors might influence the property’s value and should be weighed carefully. The 1960 build means systems like plumbing, electrical, and roofing could be approaching or past their serviceable life, which may require capital expenditure in the near term. The parking discrepancy across listings suggests the actual off-street arrangement should be physically verified, as this could affect practical use. The rental yield of approximately 3.15% is moderate for the outer-metro market, but it reflects the property’s current unrenovated state. Any improvements to the house could lift both rental return and capital value, though the extent of that uplift depends on the final condition of the structure. The large lot also raises the question of future subdivision potential, which would require council confirmation but could represent a significant value lever over time.