FOR SALE
$590,000 - $640,000

21 Mofflin Road
Elizabeth Grove SA 5112

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 918m2
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DEVELOPMENT POTENTIAL (STCC) OR INVESTMENT WITH RENOVATION PROSPECTS

When a block spans a whopping 918sqm with approximately 20m street frontage, it shouts development potential (stcc). And when it has a long-term tenant with a periodic lease generating an income of $490 per week, as from 30th November 2024. It is a sweet, ready-made investment.
Of course, first home buyers and families seeking an affordable home to renovate have struck gold here too!
Built in 1962, this three-bedroom residence presents no-fuss original quality and huge outdoor space. The large L-shaped living and dining room makes its way into a generous kitchen with plenty of cupboards, and the three north-facing bedrooms are all a good size.
Separate wet areas include the laundry, toilet, and a bathroom featuring a shower over the bathtub.
With good bones, a north facing aspect and oodles of potential, 21 Mofflin could be the one!
Highlights:
- Currently tenanted on a (periodic) lease generating $490 per week as from the 30th November 2024.
- Fenced 918sqm block with a large shed and driveway parking
- 20m street frontage (approx.)
- Spacious lounge and dining room with timber floorboards
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Property Details for 21 Mofflin Rd, Elizabeth Grove

21 Mofflin Rd, Elizabeth Grove is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 918m2. The place is currently for sale with Taylors First National.

Building Type
House
Land Size
918m2

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About Elizabeth Grove 5112

The size of Elizabeth Grove is approximately 1.3 square kilometres. It has 8 parks covering nearly 11.7% of total area. The population of Elizabeth Grove in 2011 was 2,384 people. By 2016 the population was 2,445 showing a population growth of 2.6% in the area during that time. The predominant age group in Elizabeth Grove is 0-9 years. Households in Elizabeth Grove are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth Grove work in a labourer occupation. In 2011, 41% of the homes in Elizabeth Grove were owner-occupied compared with 38.8% in 2016.

Elizabeth Grove has 1,116 properties. Over the last 5 years, Houses in Elizabeth Grove have seen a 162.75% increase in median value, while Units have seen a 122.42% increase. As at 31 October 2024:

  • The median value for Houses in Elizabeth Grove is $517,180 while the median value for Units is $369,493.
  • Houses have a median rent of $435 while Units have a median rent of $255.
There are currently 11 properties listed for sale, and 2 properties listed for rent in Elizabeth grove on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in Elizabeth grove.

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Gavin Armstrong
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Taylors First National
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