10/515A Main North Road, Elizabeth, SA 5112

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Sold for $135,000 (May 11, 2021)

An Excellent Positive Geared Investment Opportunity

These solid built units were renovated and refurbished not so long ago and are popular low maintenance living for individuals and couples. Ideally located for tenants, it is a short walk to Elizabeth City Centre Shopping Centre, public transport, parks and gardens and all other local amenities. Some of the great features include:

• 2 Good Sized Bedrooms, Both with Built in Robes

• Separate Entry Hallway

• Spacious Air Conditioned Lounge/Living Room

• Modern Kitchen with Underbench Oven, Rangehood and Ample Cupboards

• Functional Bathroom and Laundry Combination

• Tiled Private Balcony Area

• Allocated Under Cover Carport

• Secure Group with Coded Security Gates

Currently tenanted @ $225.00 per week by a tenant who wishes to stay on, this investment represents a positive gearing cashflow – even on a 100% lend!! Plus future capital gain. I would be happy to email you an impressive cash flow analysis on request. Inspection by appointment.

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Property Info:
  • Property ID: L6863097
  • Property Type: Unit
  • Carports: 1
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R&H Suburb Profile: Elizabeth

R&H Suburb Summary Houses
Number of sales 30
Average Price $318,611
Median Price $321,500
Median Rental Price $335 p.w.
Change in Rental Rate (5yr) 24 %
R&H Suburb Summary Units
Number of sales 5
Average Price $169,040
Median Rental Price $220 p.w.
Change in Rental Rate (5yr) 7 %
Elizabeth, SA - Median Trend