17 Bridport Street, Elizabeth Park SA 5113
17 Bridport Street, Elizabeth Park SA 5113
3-bedroom corner block | nine-car parking | tenanted to May 2026 | split-system climate | 712sqm land
This propertyโs competitive edge lies in its corner allotment and exceptional parking capacity, which are rare in this price bracket. The 712sqm land with only 15% building coverage offers genuine expansion or subdivision potential, while the current tenancy at $500/week provides immediate income certainty until mid-2026. It suits an investor seeking a stable yield with medium-term upside, or a buyer-occupier willing to wait for vacant possession.
The main risk is the 1971 build requiring eventual updates to match comparable sales like the $780k Burdon Street property. Solar panels and NBN are present but not market-shifting. The opportunity is in the land-to-building ratio and corner positioning, which could support a granny flat or redevelopment, though council overlay checks are advised before planning. Rental growth to the estimated $525/week is plausible given current undersupply.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 17 Bridport Street, Elizabeth Park SA 5113
Market Insight:
Elizabeth Park is a high-growth, family-oriented suburb where demand is driven by young households seeking affordability. Recent price trends show exceptionally strong capital growth, reflecting a robust and active market with significant sales volume. Future growth is underpinned by a young demographic and rising household incomes, though the high proportion of mortgaged owners indicates sensitivity to economic conditions.