3 Broadmeadows Road, Elizabeth North SA 5113
3 Broadmeadows Road, Elizabeth North SA 5113
1971 build | 810m² flood overlay land | 3-bed house | solar & air con
This house presents a high-value land proposition within its suburb, offering a substantial 810m² parcel at a low 13% building coverage, a configuration increasingly rare and desirable for future extension or subdivision potential. The established 3-bedroom layout with modern additions like solar panels and air conditioning serves the practical needs of owner-occupiers seeking space or investors targeting family tenants, with a rental estimate that supports solid yield fundamentals. Its position in the Playford International College catchment further anchors its appeal to a specific demographic.
Your primary risk is the identified flood overlay, which necessitates immediate due diligence with council for precise impact and potential insurance implications, a cost factored into any offer. The 1971 construction demands a building inspection to validate condition. The commercial logic is clear: secure a large-block entry in established suburbia where land value drives long-term appreciation. Acquire for hold, either as a rental leveraging current amenities or a land bank asset, but only after flood due diligence is conclusively satisfied.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Broadmeadows Road, Elizabeth North SA 5113
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Elizabeth North presents as a high-growth, entry-level market in northern Adelaide, driven by strong demand from young, first-home buyer households. This demographic is capitalising on relative affordability, fuelling rapid price appreciation and a competitive sales environment with low stock. Future momentum hinges on sustained demand from this core segment, though sensitivity to economic pressures exists given the suburb’s income profile and limited available supply.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
810m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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