12 Eldridge Cres, Grange SA 5022
12 Eldridge Cres, Grange SA 5022
740sqm coastal allotment | 22m frontage for redevelopment | Renovated house with pool | Strong family/developer demand | Council consent needed
A substantial 740 square metre allotment is combined with an unusually wide 22 metre frontage, positioning the property among the more flexible coastal sites in Grange. The existing residence has been updated with a modern kitchen, central bathroom, and a solar-heated pool, allowing immediate occupancy while the land holds evident potential for redevelopment. This configuration is best suited to a family seeking a beachside home with space, or to an investor or developer with an eye toward multiple dwellings, subject to council approval. The demand character of Grange is strong, reinforcing the property’s competitive position.
The value of this property may be influenced by the condition of the original build and the consistency of the renovations. The planning pathway for any future densification might add a premium, but that premium is contingent on council consent. The property’s aspect may affect perceived liveability, though the coastal setting compensates. Buyers should weigh the long-term strategy of holding and enjoying the house versus pursuing staged redevelopment. The wide frontage is a distinct advantage that might not be fully reflected in a standard price comparison.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Eldridge Cres, Grange SA 5022
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Grange is a premium Adelaide market, with a median house price of $1.5M and annual capital growth reported between 5.4% and 9.0% depending on the index. Buyer demand is driven by a strengthening local economy, with Adelaide house values expected to rise more than 6% in 2026. Market conditions are tight: houses sell in a median 44 days, units in 22, and 75 houses traded in the past year. Rental demand is firm, with three-bedroom houses achieving $780 per week and four-bedroom houses $950. The suburb’s sole government school, an R-6 campus with 696 students, anchors family-oriented buying. Median unit price sits at $666,500.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 22 Eldridge Cres sold $1.51M; Grange 3-bed on 692sqm sold $1.62M | Property Price Band: $1.5M to $1.6M | Value Drivers: land size and frontage, renovation quality, redevelopment potential
Bedrooms
4
Bathroom
2
Parking
2
Land
755m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!