24 Wexcombe Street
Elizabeth Vale, SA 5112

Overview

24 Wexcombe Street & 10 Tidcombe Street, Elizabeth Vale

Discover an outstanding opportunity in the heart of Elizabeth Vale with this rare pair of adjoining solid-brick homes offered for sale together on a substantial corner allotment of approximately 1,093 square meters featuring dual street frontages to Wexcombe Street and Tidcombe Street. This property is perfectly positioned for investors, developers, or NDIS providers seeking immediate income combined with significant upside potential. The properties deliver a combined rental potential of $840 to $880 per week while opening the door to exciting future uses including supported accommodation or multi-unit development subject to council approval (STCC).

The first property at 24 Wexcombe Street presents a bright and comfortable 2-bedroom, 1-bathroom home, currently vacant and ready for immediate plans. It features a light-filled living area that flows into a functional kitchen and dining zone, a central bathroom, and a generous rear yard with ample room for entertaining or improvements. Convenient off-street parking is also available. With strong local demand, this residence is ideally suited to achieve rental returns of $460 to $500 per week.

Next door at 10 Tidcombe Street sits a well-maintained 3-bedroom, 1-bathroom home built in 1962. This home is securely tenanted on a periodic lease and returns a reliable $380 per week. The practical layout and established neighborhood charm ensure ongoing tenant appeal and steady cash flow from day one.

Together, these two properties create a powerful investment package on a prime corner block with excellent street appeal and flexibility. The combined land holding offers genuine scope for NDIS-compliant accommodation given the close proximity to both Lyell McEwin Hospital and Calvary Central Districts Hospital, or for subdivision and further residential development subject to council approval. Elizabeth Vale continues to experience solid growth, supported by its convenient access to Elizabeth City Centre, quality schools, parks, public transport links, and all daily essentials.

Whether you are looking to secure a high-yielding dual-income portfolio with low vacancy risk, capitalize on development potential in a high-demand northern suburb, or establish specialist housing near major health facilities, this versatile corner offering is a standout opportunity. The current configuration provides instant returns while the location and land size unlock long-term value.

This is a rare chance to acquire two tightly held homes as one strategic holding in a sought-after pocket of Elizabeth Vale. This unique package offers flexibility, immediate income, and future development potential, making it an excellent choice for a variety of buyers including investors and developers.

Location