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4 Walter Street, Elizabeth Downs, SA 5113 For Sale
4 Walter Street, Elizabeth Downs, SA 5113 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Image 4 Walter Street, Elizabeth Downs, SA 5113-Floorplan

4 Walter Street, Elizabeth Downs, SA 5113

$729,000-$759,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
810 mΒ²
Area

Published on Wednesday, July 22, 2026 ( See property details for 4 Walter Street, Elizabeth Downs, SA 5113)

$729,000-$759,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile development opportunity with a well-maintained three-bedroom home on a large, level parcel in a quiet, high-demand suburb, offering immediate rental income and future potential.

🏑 Property Highlights

  • Substantial 810m² level land with 26-metre frontage, ideal for development or subdivision
  • Existing well-maintained three-bedroom home with modern updates and secure tenancy until May 2027
  • Immediate rental income of $510 per week provides strong cash flow
  • Quiet street shared by only six homes, offering privacy and community appeal
  • Prime location close to shops, schools, and major shopping centres including Munno Para and Elizabeth City Centre
  • Potential for future residential development, subject to STCC

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Air Conditioning
  • Garden / courtyard
  • Shed
  • Security Screens / Gates
  • Floorboards
  • External Laundry
  • Pet-Friendly
  • Fully fenced
Latest Aerial Imagery Available
4 Walter Street
Elizabeth Downs, SA 5113
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Vertical aerial view β€” 4 Walter Street
4 Walter Street — Vertical Aerial  •  Elizabeth Downs, SA 5113  •  Nearmap © 2026

Elizabeth Downs is a sought-after suburb known for its family-friendly environment, convenient access to major shopping centres and schools, and a strong community vibe. The area offers excellent development potential with large, level parcels of land, making it ideal for investors and developers. Its proximity to amenities ensures a high demand for both rental and owner-occupier properties. The neighbourhood’s peaceful streets and strategic location make it a prime choice for future growth and lifestyle convenience.

What are the development possibilities for this property?
The large, level land parcel with a 26-metre frontage offers potential for subdivision or new residential development, subject to all necessary planning and statutory approvals from the relevant authorities.
Is the current home suitable for tenants?
Yes, the existing three-bedroom home is in excellent condition, currently tenanted at $510 per week until May 2027, providing immediate rental income.
What amenities are nearby?
The property is conveniently located close to local shops, schools, Munno Para Shopping City, and Elizabeth City Centre, offering easy access to shopping, education, and community facilities.
What is the condition of the existing house?
The house is well maintained, featuring an updated kitchen, spacious lounge with split-system air conditioning, new carpet, and roller blinds throughout.
Are there any restrictions or covenants on the land?
Any restrictions or covenants would be subject to local council regulations and planning approvals, which should be verified prior to purchase.
Are there any existing planning or zoning restrictions that could affect future development or subdivision plans? What are the potential costs associated with obtaining all necessary planning and statutory approvals? Are there any known issues with the land, such as drainage, soil stability, or easements? Is there any history of flooding or bushfire risk in this area? Are there any upcoming developments or construction projects nearby that could impact the property’s value or living environment? What are the strata or community title considerations, if applicable? Are there any hidden costs or fees associated with the property or its development potential? Has the property been inspected for pests, structural issues, or other defects? Are there any restrictions on the type of development or modifications allowed on the land? What are the local council’s future planning strategies that could influence the area’s growth?

4 Walter Street, Elizabeth Downs, SA 5113 - More Details

$729,000-$759,000

An exceptional opportunity for developers, investors and land buyers, this substantial allotment offers approximately 810mΒ² of level land with an impressive 26-metre frontage. Subject to STCC.

Positioned in a quiet street shared by only six homes, the generous site dimensions provide exciting potential for future development, subdivision or a new residential project, subject to all necessary planning and statutory consents.

The updated three-bedroom home is currently tenanted at $510 per week until May 2027, delivering immediate rental income while you explore and prepare your future development plans. The home is in good condition to hold as an investment.

The existing home is well maintained and features an updated kitchen with generous storage and an eat-in dining area, a spacious lounge with split-system air conditioning, three well-sized bedrooms, new carpet and roller blinds throughout.

Conveniently located within easy reach of local shops, schools, Munno Para Shopping City and Elizabeth City Centre, this is an opportunity to secure a sizeable development parcel in a high-demand residential area.

Features include:

Approximately 810mΒ² of level land
Impressive frontage of approximately 26 metres
Potential for subdivision or residential development
Quiet street shared by only six homes
Existing three-bedroom home in excellent condition
Currently returning $510 per week
Secure tenancy in place until May 2027
Holding income while development plans are considered
Large, securely fenced rear yard
Garden shed
Easy access to major shopping centres, schools and local amenities

Secure the site today, enjoy an immediate rental return and plan your next Savvy Development.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
810 mΒ²

Map & nearby places — 4 Walter Street, Elizabeth Downs, SA 5113

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