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15 & 17 Grateley Street, Elizabeth Grove SA 5112

$1,100,000

Search Band Search Visibility Band

$1.1M - $1.15M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 1 Car 1159 m² 83 m²

Listed: 5 hours ago

Overview

This substantial offering at 15 & 17 Grateley Street, Elizabeth Grove, represents a notable development opportunity comprised of two adjoining properties with a combined landholding of 1,159 square metres.

Situated in a well-established northern suburb, the properties are primed for future development subject to council approvals and zoning regulations that support up to five group dwellings under the Housing Diversity Neighbourhood zoning.

The existing residences feature a practical layout with three bedrooms, one bathroom, and single parking provision, complemented by generous outdoor spaces suitable for a variety of uses. This configuration offers both comfort for current residents and flexibility for redevelopment or investment purposes.

Strategically located near essential amenities including schools, shopping centres, parks, and public transport, the site provides convenience and a lifestyle advantage that is increasingly sought after in the growing Elizabeth Grove community.

Two titles combined give developers and investors ample scope to explore multiple dwelling options.
The space and positioning make the properties well-suited to those seeking land-rich opportunities in established neighbourhoods.
Tenancy arrangements provide stable income streams with tenancies secured until 2027 and 2028 respectively.

This offering will appeal primarily to developers, builders and informed investors looking for a property with significant development potential in a family-friendly environment. The site balance provides a canvas to add value either through personalisation or subdivision, within the framework of local council regulations.

Given the growth trajectory of this northern suburb, this property represents a rare opportunity to secure land with immediate income and long-term potential.

Local Market Insights

In Elizabeth Grove, Quiet Listings observed 22 new houses entering the market over the last 30 days, unchanged from 22 in the prior period, with an average advertised asking price of $697,591. 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 36% 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.