DA Granted for 5-Lot Development Site in Elizabeth Grove

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82 Haydown Road, Elizabeth Grove SA 5112

$850,000 To $900,000

Search Band Search Visibility Band

$849k - $934k High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 2 Cars

Listed: 22 days ago

Updated: 6 days ago

Overview

Located in a desirable part of Elizabeth Grove, this property stands out as a rare and strategically valuable development opportunity. It holds fully granted development and land division approvals for a 5-lot scheme, enabling prospective buyers to avoid the typical delays and uncertainties of planning applications. With a substantial 979 square meter allotment free of easements, the site offers maximum development flexibility and an expansive usable space.

The existing residence provides a solid foundation dating back to 1962, characterized by its brick construction. This classic home includes up to four bedrooms alongside generous living spaces such as a formal lounge and extended family area, presenting immediate holding income potential. The property also accommodates parking needs with a carport and a separate garage/workshop, enhancing storage and vehicle access.

This location enjoys excellent convenience with proximity to essential amenities. It is just a brief drive or walk from Lyell McEwin Hospital, local shopping precincts, schools, public transport, and open reserves, while the bustling Elizabeth City Centre is also within easy reach. These attributes make the property appealing for investors and developers seeking both immediate rental returns and long-term development prospects.

Local Market Insights

In Elizabeth Grove, Quiet Listings observed 24 new houses entering the market over the last 30 days, up from 18 during the previous 30-day period, with an average advertised asking price of $750,625. 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 Grove area is currently Ray White, representing 50% of new listings, followed by eXp Realty Australia with 17%. 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.