2/1 Grayling Street, Elizabeth East SA 5112

Corner block | modern 2009 townhouse | flood overlay flagged | solid rental appeal | Playford catchment This property offers a rare combination of a modern build and a corner allotment in an area dominated by older housing stock, which strengthens its buyer appeal for both owner-occupiers and investors. The three bedrooms with built-in robes, two-car accommodation, and low-maintenance design suit first-home buyers or downsizers seeking convenience without compromise. Its estimated rental return near $530 per week confirms strong tenant demand, supported by reliable NBN and 5G coverage, making it a practical choice for those prioritising cash flow and future resale potential. The flood overlay is the primary due diligence concern; while it does not confirm flood history, it may affect insurance premiums and impose development restrictions that a buyer should investigate early. The corner positioning, however, offers natural light, privacy, and potential for side access — an advantage rarely found in standard townhouse developments. For a buyer prepared to verify drainage and recent maintenance, this property represents a well-positioned, low-risk entry into a family-oriented corridor with modern specifications.