Explore Exciting Potential in Elizabeth Grove

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37 Mofflin Road, Elizabeth Grove SA 5112

$475,000 - $510,000

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$475k - $499k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 561 m²

Listed: 56 days ago

Updated: 4 hours ago

Overview

Located in the heart of Elizabeth Grove, this classic three-bedroom maisonette is set on a level rectangular allotment of approximately 561 square metres. The property offers a rare blend of immediate rental income and promising future development potential, making it an appealing option for investors and developers alike.

The home's layout emphasizes functionality, with a comfortable lounge seamlessly flowing into the kitchen and meals area, creating a natural space for relaxation and dining. The three well-sized bedrooms offer flexibility and comfort, serviced by a bathroom that includes a bath and a separate toilet. An adjoining laundry further enhances convenience.

Level, rectangular site ideal for renovation or possible extension subject to planning approval.
Off-street parking accommodates one vehicle alongside two practical tool sheds, useful for storage or hobbies.
Comfort is improved with split system air conditioning in the lounge area.
Currently tenanted until October 12, 2026, with a weekly rent of $480, providing a steady income stream.
Situated within a Housing Diversity Neighbourhood Zone, increasing the scope for future redevelopment options.

This property's location enriches its appeal, with nearby shopping options including Elizabeth South Supermarket and Elizabeth City Centre, featuring major retailers like Coles, Big W, and Woolworths. Residents benefit from proximity to numerous parks and reserves such as Mofflin and Blencowe Street Reserves and Jo Gapper Playground, providing recreational spaces that contribute to a balanced suburban lifestyle.

Commuting is straightforward with Elizabeth South Train Station a short drive away, facilitating access to the CBD. Educational facilities are also conveniently close, with zoning for Elizabeth Grove Primary School and Playford International College, making this property suitable for families considering future occupancy or investors targeting tenant demographics.

Offered by best offer, this home presents an opportunity to secure a tenanted asset with scope to explore personal or development ambitions in a well-established suburban setting.

Local Market Insights

In Elizabeth Grove, Quiet Listings observed 22 new houses entering the market over the last 30 days, down from 26 during the previous 30-day period, with an average advertised asking price of $713,500. The property type mix of listed properties is predominantly Houses at 90%, followed by commercial properties (6%), and land (3%). The most active agency for houses in the Elizabeth Grove area is currently Ray White, representing 41% of new listings. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.