48 Ashfield Road
Elizabeth, SA 5112

This solid brick residence is situated on a generous allotment of approximately 822 square meters, presenting an excellent opportunity for investors, developers, and first home buyers. The property is currently tenanted under a fixed lease, generating a weekly rental income of $550 until mid-2026, making it a ready-made investment with immediate returns. Additionally, the site offers exciting potential for future subdivision or redevelopment, subject to council approval and other relevant authorities.

The home is set behind a spacious frontage and features a practical and comfortable layout designed for everyday living. The lounge room is bright and inviting, enhanced by natural light and adorned with beautiful Baltic pine floorboards and decorative wall sconces. It is equipped with reverse cycle heating and cooling, ensuring comfort throughout the year. This generously sized living area provides an ideal space to relax, entertain guests, or spend quality time with family.

Adjacent to the living room is the combined kitchen and meals area, serving as a functional hub for daily activities. The kitchen includes laminate cabinetry and benchtops that offer ample preparation space. It is fitted with a freestanding electric cooktop and oven, a 1.5 sink with mixer tap, and durable linoleum flooring, all designed to support the demands of a busy household. The kitchen space offers potential for future updates to suit personal tastes and to add value over time.

The property comprises three well-proportioned bedrooms accessible from a central hallway. The master bedroom and the second bedroom feature pine floorboards that add character and warmth, while the third bedroom is carpeted for comfort. The centrally located bathroom includes a shower and vanity, complemented by a separate toilet off the laundry area, providing convenience for families and tenants alike.

Outdoor living is enhanced by a flat roof verandah, offering a fantastic space for year-round entertaining while overlooking the expansive backyard. The rear yard is fully fenced and provides an abundance of open space, ideal for children and pets to play, future landscaping projects, extensions, or redevelopment opportunities, subject to council approval. Two sheds on the property provide valuable storage solutions, and double rear gates allow for off-street parking access, accommodating additional vehicles, trailers, or equipment.

Key features of this home include solid brick construction, a large allotment with development potential, reverse cycle air conditioning in the lounge, Baltic pine floorboards, a flat roof verandah, two sheds for storage, two rainwater tanks, and double gates for rear access parking.

Conveniently located, the property is within walking distance to local bus stops, Clifton Gardens, and playgrounds. Elizabeth City Centre is nearby, offering shopping, dining, and everyday essentials. Educational facilities such as Elizabeth Grove Primary School and Playford International College are close by, and the Adelaide CBD is approximately a 40-minute drive away.

Additional details include an estimated year of construction around 1957, zoning classified as General Neighbourhood, local council being the City of Playford, and annual council and water rates of approximately $2,036 and $705 respectively. The property holds a Torrens Title and is subject to a service easement for sewerage purposes. Internal living space is approximately 98.8 square meters, with a total building area of about 159.5 square meters. The construction is solid brick, with mains sewerage and no gas connection.