3 Larkhill Road, Elizabeth North SA 5113
3 Larkhill Road, Elizabeth North SA 5113
3 Larkhill Road is a three-bedroom, one-bathroom solid red brick house on a Torrens-titled allotment of approximately 732 square metres, with two-car parking and around 101 square metres of internal living space including a spacious lounge room. The property is a single-storey dwelling likely built in the 1960s to 1970s era characteristic of the suburb.
This house offers strong appeal for first-home buyers and investors seeking a low-maintenance brick property on a generous land holding in a budget-friendly suburb. The solid red brick construction is durable and requires less upkeep than weatherboard alternatives, while the larger-than-typical land size provides potential for future expansion or outdoor living. The property’s configuration of three bedrooms and one bathroom is standard for the area, but the spacious lounge room is a functional advantage for family living. Its position within Elizabeth North places it near essential amenities like shopping centres and public transport, making it suitable for buyers prioritising affordability and convenience.
The single bathroom may limit appeal for families who prefer a second bathroom or ensuite, and the internal area of 101 square metres is smaller than many comparable three-bedroom homes, which could feel constrained for some buyers. The lack of confirmed modern finishes or upgrades means the property may require cosmetic or functional improvements, affecting its move-in readiness. The land size discrepancy between 690 and 732 square metres could influence perceived value, so a precise survey is advisable. The older construction era may also involve higher ongoing maintenance costs for systems like plumbing or wiring, which a buyer should factor into their price assessment.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Larkhill Road, Elizabeth North SA 5113
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
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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
690m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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