20 Alexander Street, Elizabeth Park SA 5113

Large 750m² block in GN zone | 6 car spaces rare | Awaiting renovation | Walk to shops & transport This property presents a clear value proposition through its land component and configuration, which are exceptional for Elizabeth Park. The 750m² General Neighbourhood zoned block offers significant development potential, while the six secured car spaces vastly exceed typical suburban supply, creating immediate utility for a large family, tradesperson, or an investor with multiple vehicles. Its walkable proximity to the shopping centre and transport interchange anchors its fundamental livability, best serving a buyer capable of executing a renovation or holding the land for future densification. Your decision hinges on capitalising on the deferred maintenance. The renovation requirement is the primary cost mechanism, placing the house at the lower end of the area’s condition spectrum and demanding immediate capital allocation. The commercial logic is to secure a below-market entry into a large, well-located parcel, with the option to renovate for equity gain or explore subdivision consents. Acquire this as a strategic land bank with a liveable house; its highest utility is for a owner-occupier seeking space, prepared to refurbish, or an investor building a portfolio through subdivision in the medium term.