5 Cardnell Cres, Elizabeth East SA 5112
5 Cardnell Cres, Elizabeth East SA 5112
1960s detached house | large corner-style block | 3-bedroom family layout | redevelopment potential | investor and renovator appeal
This property sits in a pocket of Elizabeth East where the housing stock is defined by generous mid-century allotments and straightforward single-storey homes. The configuration here is a classic 1960s build with three bedrooms, one bathroom, and a practical floor plan that suits first-home buyers, investors, or renovators looking for land value. What stands out is the block size, which is well above typical modern infill standards, and the zoning that allows for possible subdivision or a knockdown-rebuild subject to council approval. That flexibility gives the property a dual appeal: it works as a solid rental or entry-level home today, but the land component carries meaningful upside for someone prepared to renovate or develop. The location reinforces this, with schools, shops, and the Elizabeth train station close by, making it a convenient choice for owner-occupiers and tenants alike.
The value picture here may be shaped by the condition of the original fixtures and the extent of any prior updates. Homes in this area trade across a wide range depending on how much work has been done, so a buyer should weigh the cost of modernising the kitchen and bathroom against the potential uplift in rent or resale value. The flood overlay noted on nearby parcels might affect insurance premiums or future development plans, and that is worth checking before committing. The property’s final price could also hinge on whether the block’s subdivision potential is realistic under current planning rules, as that opportunity tends to attract a different buyer willing to pay a premium for land.
|| Comparable Sales: 32 Catalina Road sold for $521,500 in 2024; 5 Ballard Street sold for $702,000 | Property Price Band: $500,000–$600,000 | Value Drivers: land size, renovation scope, subdivision potential
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Cardnell Cres, Elizabeth East SA 5112
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Elizabeth East presents as a highly affordable entry point into the Adelaide market, attracting a demographic of practical buyers seeking value. Demand is driven by this affordability, supported by a consistent sales volume indicating steady interest. Recent price trends show robust growth, reflecting a healthy market where balanced conditions prevent seller urgency. Future momentum hinges on sustained affordability, though the market’s current equilibrium suggests stable, incremental growth ahead without significant supply pressures.
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PropCred Estimated Value
Comparable Sales: 32 Catalina Road sold for $521,500 in 2024; 5 Ballard Street sold for $702,000 | Property Price Band: $500,000–$600,000 | Value Drivers: land size, renovation scope, subdivision potential
Bedrooms
3
Bathroom
1
Parking
2
Land
644m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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