49 Forrestall Road, Elizabeth Downs SA 5113

spacious 646sqm block | 3-bedroom 1960s build | separate rumpus room | subdivision potential STCC | evaporative cooling The property’s competitive edge is its 646sqm lot in a suburb where subdivision potential is uncommon, giving a buyer optionality beyond standard occupancy. The separate rumpus room and formal lounge add functional depth for a family or tenant, while the fresh paint and built-in robes reduce immediate cosmetic spend. It suits a buyer seeking land value over finish, particularly an investor or first-home owner willing to wait for council consent on subdivision. The main risk is the 1964 build condition hidden beneath fresh paint-plumbing, wiring, and insulation age are unverified and could cost $15,000–$30,000 in early years. The ducted evaporative cooling is adequate but not premium, and the single bathroom limits appeal to families. Opportunity lies in holding for subdivision approval or renting at the $485 midpoint to cover holding costs. Use this property as a land bank with rental income until development becomes viable.