A rare offering of two semi-detached homes on a combined landholding of approximately 1,224sqm in the growing suburb of Elizabeth Park. Whether you're looking to landbank, develop, or secure high-yielding investments, this is a unique opportunity to secure two properties with a strong upside.
Currently returning a combined $870.00 per week - with 4 Daniel Street leased at $430.00 per week and 6 Daniel Street at $440.00 per week - this dual-income setup provides you with strong cashflow from day one. That's over $45,000 per annum approx. in gross income, offering a strong position while you explore long-term development options (STCC). In a rental market with low vacancy rates and rising demand for affordable housing, investments like this are becoming increasingly rare. Secure your passive income stream now, with the added advantage of land that works harder for you.
The properties themselves each feature three bedrooms, a spacious front lounge, practical kitchens, and large rear yards complete with verandahs, sheds, and carports. Neatly maintained and highly rentable, these homes are ideal for long-term tenants, giving you peace of mind and consistent returns while you plan for future redevelopment.
Zoned General Neighbourhood, the wide frontage and substantial land depth make this an exciting prospect for subdivision or a multi-dwelling build (STCC). Whether you develop immediately or hold for future capital growth, this is a site with serious potential.
Positioned just minutes from Elizabeth Shopping Centre, quality schools, medical services, and public transport, this location is a hub of ongoing infrastructure investment and urban renewal.
Key Features:
- Total rental income of $870 per week - over $45,000 per year
- Combined landholding of approx. 1,200sqm
- Dual tenanted semi-detached homes with 3 bedrooms each
- Zoned General Neighbourhood - ideal for development (STCC)
- Spacious yards, carports, sheds, and outdoor entertaining spaces
- Conveniently close to shopping, schools, transport, and parks
Elizabeth Park is a suburb on the rise, with strong rental demand, affordable entry points, and major investment into the surrounding area. Whether you're a developer, investor, or strategic buyer - this is the kind of asset that positions you for the future while paying you today.
AUCTION: Friday 2nd May at 2:30pm, on site - CONTRACTED AT AUCTION
4 Daniel Street Elizabeth Park
CT: Volume 5076 Folio 958
Council: City of Playford
Land Size: 697 square metres (approx)
Year Built: 1960 (approx)
6 Daniel Street Elizabeth Park
CT: Volume 5076 Folio 969
Council: City of Playford
Land Size: 527 square metres (approx)
Year Built: 1960 (approx)
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