31 Whitsbury Road, Elizabeth North SA 5113
31 Whitsbury Road, Elizabeth North SA 5113
3 bed 1 bath 1 car | Under contract | Ground-level detached | Investor-focused suburb | Rental demand active
This property offers a straightforward, functional layout that aligns well with the dominant buyer profile in Elizabeth North—first-home buyers and investors seeking dependable rental returns. The three-bedroom, one-bathroom configuration is the suburb’s mainstream standard, making it easy to compare, finance, and eventually resell. Its single parking space is slightly leaner than some nearby houses with two-car accommodation, but this rarely deters the core market here, where practicality outweighs frills. The house sits within an established, older housing stock area, which means the purchase price will likely reflect land value and location more than the dwelling’s finish. It serves best as a solid entry-level purchase or a rental investment with steady tenant interest, supported by nearby listings at $440 per week.
The property’s value may hinge on land size and internal condition, neither of which is confirmed. If the block is comparable to typical suburban lots in the area—roughly 500 to 800 square metres—it could offer redevelopment or extension potential that adds long-term flexibility. Conversely, dated finishes or a smaller allotment might cap upside until renovations are made. The under-contract status suggests current demand is real, but buyers should weigh the cost of any necessary upgrades against the rental yield, which appears moderate at around 4%. The absence of a formal energy rating is common for older stock and should not be read as a red flag, though it may influence future running costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Whitsbury Road, Elizabeth North SA 5113
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Elizabeth North, in Adelaide’s northern corridor, is a high-growth, affordability-driven market. House prices have risen 15% annually to a $525,000 median, with 217% growth over five years. Demand centres on buyers aged 20-29, including single-parent households and labourers, drawn to gross yields of 4.95% for houses and 5.07% for units. Annual sales of 91-113 houses and 127 rental listings indicate active churn. Main North Road provides city connectivity, and school catchments exist, though quality ratings are undisclosed. The key constraint is scarce supply: only 12 properties for sale and 8 for rent. Household incomes sit 44.2% below Greater Adelaide’s average, with many mortgages at $1,000-$1,399 monthly, heightening rate sensitivity. Rents for houses are $450-$465 weekly; units $375, supporting investor demand.
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PropCred Estimated Value
Comparable Sales: 15 Whitsbury Road sold $117,500 in Jan 2018; 20 Whitsbury Road sale price not disclosed | Property Price Band: $400,000–$500,000 | Value Drivers: land size, internal condition, rental yield potential
Bedrooms
3
Bathroom
2
Parking
2
Land
400m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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