20 Innes Street, Elizabeth Park SA 5113
20 Innes Street, Elizabeth Park SA 5113
Modern 2011 build | compact 270m² block | 3 bedrooms 1 bath 2 parking | 2kW solar and fresh finish
This property is competitively positioned within Elizabeth Park as a low-maintenance, modern detached house that stands apart from older, larger-lot housing common in parts of the suburb. Built in 2011 on a Torrens title with brick construction, it offers a compact but functional layout—three bedrooms with built-in robes, a single-level floor plan, and an ultra-modern kitchen with stainless steel appliances. The recent repaint and secure front fencing with gated entry give it a move-in-ready feel that suits first home buyers, downsizers, or investors seeking convenience without renovation demands. Its 2kW solar system adds modest energy efficiency, while the 2 parking spaces (carport plus off-street) provide above-minimum vehicle accommodation for a property of this size. The location near Drakes Elizabeth Park, Elizabeth Park Primary School, public transport, and Elizabeth City Centre supports tenant appeal and everyday livability, though the single bathroom may limit appeal for families seeking more flexibility.
The value proposition here is shaped by the compact land size and single-bathroom configuration, which may constrain price growth relative to larger family homes in the area. The 269–270m² allotment and ~140m² floor area are efficient but not expansive, meaning future extensions or subdivision are unlikely without zoning changes. The General Neighbourhood zoning and Playford Council area are standard for the suburb, with no major infrastructure projects flagged nearby that could materially shift demand. The rent estimate of $530–$550 per week against the asking guide suggests a mid-4% gross yield, which is reasonable for this price band but not exceptional. Buyers should weigh the trade-off between lower entry cost and limited future upside from land value appreciation, particularly if the property is held long-term. The lack of confirmed school catchment data or direct comparable sales means price formation relies heavily on campaign feedback rather than settled evidence.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Innes Street, Elizabeth Park SA 5113
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
✓
Execution Risk
✕
2
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.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
270m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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