SOLD
Sold on 31 Jul 2024 for $760,000

22 Underdown Road
Elizabeth South SA 5112

Bedrooms: 6
Bathrooms: 2
Car spaces: 2
Floor area: 153m2
Land area: 717m2
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Property Details for 22 Underdown Rd, Elizabeth South

22 Underdown Rd, Elizabeth South is a 6 bedroom, 2 bathroom House with 2 parking spaces and was built in 1962. The property has a land size of 717m2 and floor size of 153m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 6 bedroom House sold in Elizabeth South in the last 12 months.

Building Type
House
Year Built
1962
Floor Size
153m2
Land Size
717m2
Local Government
Playford
Lot/Plan
A23/D53431

Last Listing description (July 2024)

Welcome to 22-24 Underdown Rd, Elizabeth South, where opportunity meets convenience. This property presents an ideal investment opportunity for discerning investors, boasting a combined rental return of $780 per week. Alternatively, it offers potential for development (subject to council consent), situated on a generous 1325 sqm (approx.) allotment under one title.

Located in close proximity to Elizabeth Grove and South shopping precincts, this property enjoys convenience with St Mary Magdalene's school, public transport options, and Playford International College just moments away. A mere 5-minute drive leads you to Elizabeth itself, ensuring accessibility to a range of amenities.

Each of the semi-detached maisonettes features 3 spacious bedrooms, a separate toilet, and a bathroom with a shower over the bathtub. Maintained to a neat and tidy standard throughout, these homes also offer ample front and rear yard space, ideal for relaxation or potential enhancement.

Each Maisonette Features:
* Three generous size bedrooms
* Separate lounge room
* Kitchen with overhead cupboards and plentiful bench space
* Separate toilet, laundry and bathroom
* Large back yards

Additionally:
Year Built - 1962
Land Size - 1325sqm (approx.)
Local Council - Playford Council
Council rates - Individually charged at $397p/q each
**Separate water meters**
Zone - SAC - HDN - Housing Diversity Neighbourhood
Both currently tenanted at $390 per week until mid 2025

Don't miss this opportunity to secure a solid investment or explore the development potential in a prime Elizabeth South location. Contact Kylie Mahoney 0488 197 330 for further information and to seize the chance to make this hot property yours today!

**The safety of our clients, staff and the community is extremely important to us, so we have implemented strict hygiene policies at all of our properties. We welcome your enquiry and look forward to hearing from you.**

Want to find out where your property sits within the market? Have one of our multi-award winning agents come out and provide you with a market update on your home or investment!

Call Kylie Mahoney 0488 197 330 or click on the following link https://raywhitegawler.com.au/agents/kylie-mahoney/76640

Ray White Gawler, Number One Real Estate Agents, Sale Agents and Property Managers in South Australia.

Disclaimer: Care is taken to verify the correctness of all details used in this advertisement. However no warranty is given as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error. Ray White Gawler RLA 269656

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Property History for 22 Underdown Rd, Elizabeth South, SA 5112

A timeline of how this property has performed in the market
Last Sold
$760,000
31 Jul 2024
Listed for Rent
06 May 2022
  • 31 Jul 2024
    Sold for $760,000
  • 19 Jun 2024
    Listed for Sale Contact Agent
  • 15 Mar 2022
    Listed for Rent - Price not available
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About Elizabeth South 5112

The size of Elizabeth South is approximately 3.6 square kilometres. It has 14 parks covering nearly 3.8% of total area. The population of Elizabeth South in 2011 was 2,869 people. By 2016 the population was 2,854 showing a population decline of 0.5% in the area during that time. The predominant age group in Elizabeth South is 20-29 years. Households in Elizabeth South are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth South work in a labourer occupation. In 2011, 36.4% of the homes in Elizabeth South were owner-occupied compared with 33.9% in 2016.

Elizabeth South has 1,413 properties. Over the last 5 years, Houses in Elizabeth South have seen a 170.63% increase in median value, while Units have seen a 110.43% increase. As at 31 October 2024:

  • The median value for Houses in Elizabeth South is $499,977 while the median value for Units is $394,819.
  • Houses have a median rent of $450.
There are currently 9 properties listed for sale, and 5 properties listed for rent in Elizabeth south on OnTheHouse. According to CoreLogic's data, 60 properties were sold in the past 12 months in Elizabeth south.

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