73 Goodman Road, Elizabeth South SA 5112
73 Goodman Road, Elizabeth South SA 5112
1961 duplex | 545m² land | 3 bed, 1 bath | flood overlay present | strong rental yield
This is a solid entry-level property for a first-home buyer or investor, sitting comfortably within Elizabeth South’s post-war housing stock. The duplex configuration on a 545m² allotment gives it a slight edge over standard single dwellings, offering flexibility for future dual-living or subdivision potential, though that depends on council approval. The estimated rent of $480 per week against a $526,000 value points to a gross yield near 4.7%, which is respectable for the area and signals steady tenant demand. It suits buyers wanting affordability, decent land, and a property that can generate income now while holding redevelopment upside later. The flood overlay is the main constraint, but it hasn’t dampened local interest, as the street shows active buying from investors and developers.
The flood overlay may affect insurance premiums and could limit certain future extensions or building works, so a buyer should factor that into their cost calculations. The 1961 build means older wiring, plumbing, and possibly asbestos materials, which might require updating over time. The lack of stated orientation or finish quality makes it hard to judge natural light or presentation without an inspection, and those details could shift value either way. The property’s position within Playford Council and the catchment for Playford International College adds practical appeal for families, but the surrounding area has mixed character, with some redevelopment pressure that could either lift values or introduce inconsistency depending on how neighbouring sites are developed.
|| Comparable Sales: 59 Goodman Road, 3/1/2 on 536m², sold privately March 2026, price undisclosed; 112 Goodman Road, 3-bed, rented at $480/week | Property Price Band: $500,000–$600,000 | Value Drivers: land size, duplex configuration, rental demand, flood overlay impact
Detailed Independent Property Report prepared by PropCred Analyst team for 73 Goodman Road, Elizabeth South SA 5112
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Elizabeth South SA 5112 is a thinly traded outer-Adelaide market. Annual house sales of 60–65 with median days on market of 38 indicate tight supply and quick absorption. However, reported prices diverge materially: YIP records medians of $510,000 and $520,000 with annual growth of 10.9% and 8.8%, while property.com.au shows $556,000 and 15.2%. This spread reflects low transaction counts, not fundamental disagreement. Units are effectively illiquid, with one sale in the past year, and house rents average $450 weekly. No demographic, infrastructure, or vacancy data is available, so demand drivers remain unquantifiable; the principal constraint is data reliability itself.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 59 Goodman Road, 3/1/2 on 536m², sold privately March 2026, price undisclosed; 112 Goodman Road, 3-bed, rented at $480/week | Property Price Band: $500,000–$600,000 | Value Drivers: land size, duplex configuration, rental demand, flood overlay impact
Bedrooms
3
Bathroom
1
Parking
-
Land
545m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!