Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

48 Tilshead Road, Elizabeth North SA 5113

$549,950

Search Band Search Visibility Band

$550k - $577k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 2 Cars 933 m² 80 m²

Listed: 28 days ago

Updated: 21 days ago

Overview

This semi-detached residence at 48 Tilshead Road offers a compelling blend of generous landholding, established rental income, and future development potential, appealing strongly to both investors and discerning buyers seeking versatility in South Australia's Elizabeth North.

Occupying an expansive 933 square meters, this property boasts significantly more land than typically expected for a semi-detached dwelling, enabling diverse lifestyle opportunities ranging from outdoor entertaining and extensive gardening to storage solutions. The spacious allotment also opens the door to future redevelopment prospects, subject to council approvals, making it an excellent proposition for forward-thinking purchasers.

The home features three well-proportioned bedrooms and a formal lounge that present comfortable living spaces suitable for families or tenants. The kitchen, having been updated in previous years, supports practical daily living, while reverse-cycle air conditioning ensures year-round comfort regardless of season.

In addition to lifestyle benefits, the property is tenanted with a secure rental income currently set at $410 per week, offering immediate returns for investors. Its long-term tenant stability adds to the investment appeal.

Exceptional land area of approximately 933 sqm uncommon for semi-detached homes
Three bedrooms providing ample accommodation
Formal lounge area enhancing living flexibility
Updated kitchen combining utility and style
Year-round climate control via reverse-cycle air conditioning
Extensive grounds ideal for outdoor uses and future planning
Secure established rental income with longtime tenant
Strategic opportunity for developers or those considering subdivision, subject to approvals

Overall, this property delivers a rare combination of immediate income and substantial potential within a convenient suburban setting, warranting close attention from buyers focused on value and future growth. Viewing is recommended to fully appreciate the space and possibilities on offer.

Local Market Insights

In Elizabeth North, Quiet Listings observed 31 new houses entering the market over the last 30 days, down from 37 during the previous 30-day period, with an average advertised asking price of $596,529. The property type mix of listed properties is predominantly Houses at 91%, followed by units (3%), and land (3%). The most active agency for houses in the Elizabeth North area is currently Ray White, representing 52% of new listings, followed by LJ Hooker with 13%. 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.