Prime Development Opportunity on 714 Sqm | Earlier Rented at $620/wk | Rumpus Retreat & Ultra-Convenient Location!

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39 Blake Road, Elizabeth South SA 5112

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$650k - $715k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 4 Cars 714 m² 262 m²

Listed: 54 days ago

Updated: 26 days ago

Overview

Situated on a substantial 714 square meter block, this property presents a rare combination of immediate rental income potential and future development opportunities. The generous land size with a wide frontage appeals not only to investors looking for a high-yield asset but also to developers and families seeking growth potential in a rapidly expanding northern corridor of Adelaide.

The home boasts three spacious bedrooms and a bright, updated open-plan kitchen and dining area that enhances daily living with ample natural light. A bonus feature is the converted rear rumpus room, offering flexible space ideal for a teenager's retreat, home office, or additional storage, which adds functional living versatility.

Expansive land holding with development potential (subject to council approval).
Proven rental history delivering strong income.
Versatile outdoor spaces with large front and rear yards, perfect for children, pets, or entertaining.
Convenient off-street parking with a carport and long driveway accommodating four vehicles.

Location is a key advantage, with public transport options close by and amenities such as shopping centers, schools, and parks within easy reach. This mix of features makes the property suitable for a broad range of buyers including investors looking for a solid return, families requiring space and flexibility, and developers wishing to explore subdivision opportunities.

Local Market Insights

In Elizabeth South, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 21 during the previous 30-day period, with an average advertised asking price of $708,960. The property type mix of listed properties is predominantly Houses at 91%, followed by commercial properties (6%), and land (3%). The most active agency for houses in the Elizabeth South area is currently Ray White, representing 40% 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.