8 Chilmark Street, Elizabeth Vale SA 5112
8 Chilmark Street, Elizabeth Vale SA 5112
3 bed 1 bath detached house | entry-level price point | older 1960s stock | family-oriented suburb | practical amenity access
This is an entry-level detached house in a suburb where the typical stock is older, single-storey and set on generous blocks. The 3/1/1 configuration suits first-home buyers, small families, or investors looking for a low-maintenance rental with solid tenant appeal. The suburb’s character is middle-ring suburban, with hospitals, shopping, schools and main-road transport all within easy reach, which makes daily living straightforward rather than aspirational. For a buyer wanting a foothold in a well-located area without paying a premium for modern finishes, this property sits comfortably in that space. Its strength is not in standout features but in honest, functional housing at an accessible price point, which tends to hold demand steady across market cycles.
The value here may hinge on land size and condition, both of which are not yet fully confirmed. If the block is smaller or the house less updated than nearby improved examples, the price guide reflects that. The older building stock might require budgeting for upgrades like kitchen, bathroom, or roof work, and energy efficiency is likely poor given the era. Buyers should weigh the cost of bringing the property up to their standard against the savings from the lower entry price. Rental demand appears reasonable, though the lack of direct rental data means yield expectations should be conservative.
|| Comparable Sales: 8 Grovely Street, similar 1960s house on 770m², sold price not disclosed; 68/47 Jarvis Road, 2 bed unit, sold $690,000 | Property Price Band: $290,000–$300,000 | Value Drivers: land size, condition, renovation potential
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Chilmark Street, Elizabeth Vale SA 5112
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Elizabeth Vale is a mid-priced Adelaide suburb where houses are trading between $630,000 and $649,000, with annual growth of 15.6 to 25.8 per cent depending on the source. That spread points to strong but uneven momentum, supported by 53 to 67 house sales over the past year and a median selling time of 40 to 47 days, which suggests firm, orderly buyer demand. The rental market reinforces this: houses yield 3.9 per cent gross, with three-bedroom homes at $490 weekly. Demand is broad-based rather than concentrated in any one buyer group, and turnover is healthy without being speculative. Future growth lacks an explicit catalyst; the market is described as having little driving capital growth, though sellers are not distressed and buyers are making reasonable offers. The principal constraint is the absence of a fundamental driver beyond wider Adelaide conditions, while the unit market is effectively inactive, with fewer than five sales, leaving little alternative entry or exit points.
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PropCred Estimated Value
Comparable Sales: 8 Grovely Street, similar 1960s house on 770m², sold price not disclosed; 68/47 Jarvis Road, 2 bed unit, sold $690,000 | Property Price Band: $290,000–$300,000 | Value Drivers: land size, condition, renovation potential
Bedrooms
3
Bathroom
1
Parking
1
Land
470m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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