7 Filsoll Street, Elizabeth Downs SA 5113
7 Filsoll Street, Elizabeth Downs SA 5113
4-bed duplex | 602m2 land | solid yield | 1964 build | reno scope
This duplex is considered a rare configuration for a 1960s dwelling, with four bedrooms and a 602 square metre land size that far exceeds typical unit allocations. The generous allotment is seen as the primary strength, offering potential for subdivision or a substantial renovation while retaining a livable core. The property sits within a mature northern Adelaide suburb where demand is driven by affordability and land content. This house is best suited to first-home buyers seeking a project or investors chasing a gross yield near 5 percent, given the estimated weekly rent of $550. Its Torrens title provides clear ownership, and the standard residential zoning supports broad use.
The property’s value may be affected by the age of the 1964 build, where renovation costs for kitchen, bathroom, or structure might be expected. The single bathroom may be viewed as a functional limitation for a four-bedroom house, and the SA Water easement could be seen as a restriction on future development. These matters should be weighed carefully by the buyer.
>> Comparable Sales: 24 Filsoll Street $455k, 28 Filsoll Street $451k | Property Price Band: $500k-$600k | Value Drivers: land size, four-bed layout, condition
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Filsoll Street, Elizabeth Downs SA 5113
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Elizabeth Downs, in northern Adelaide, is a renter-heavy suburb of detached homes with access to Elizabeth’s shopping, bus and train links. Demand is led by first-home buyers and investors attracted to sharp gains: house medians range from $476,000 to $590,000 across sources, with annual growth between 15% and 34%; unit data, where available, shows 20-49% growth. Stock clears in 30-41 days, supported by annual sales volumes of 120-178. A 1.27% vacancy rate and house rents up 21% over the past year sustain gross yields around 4-4.4%. Future growth rests on infrastructure proximity and affordable entry points, though affordability is stretched against median incomes, and the renter-heavy, interest-rate-sensitive profile, plus fluctuating rental supply, are key constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
2
Land
602m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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