Lot DW1 - 19 Innes Street - Elizabeth Vale

Description

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Elizabeth Vale is a suburb located in the northern part of Adelaide, South Australia, approximately 24 km from the city centre. Established in 1955, it falls under the jurisdiction of the City of Playford and is bordered by Main North Road and John Rice Avenue. The suburb is known for its blend of residential areas and essential services, including two major hospitals: the public Lyell McEwin Hospital and the private Central Districts Hospital.

As of the 2021 Census, Elizabeth Vale had a population of 4,331 residents. The median age is 39, with a demographic distribution that includes 66.1% of residents aged 25 or over and 33.9% under 25. Approximately 54.4% of the population was born in Australia, with the next most common country of birth being England at 7.1%.

The property market in Elizabeth Vale has shown significant growth. The median house price is approximately $626,500, with an annual compound growth rate of 38.6%. Rental yields are attractive, with houses yielding around 4.68% and units up to 6.6%. The median weekly rent for houses is about $470, while units rent for approximately $390 per week.

Elizabeth Vale offers a range of amenities that cater to families and individuals. The suburb is home to Elizabeth Vale Primary School, which has undergone an $8.1 million upgrade, including new learning areas and refurbished facilities. The Elizabeth Vale Community Hub provides various programs such as playgroups, English classes, and gardening activities. For outdoor recreation, Mofflin Reserve offers sheltered BBQ areas, toilets, and ample grassy spaces for play.

In summary, Elizabeth Vale is a suburb that combines residential living with essential services and community amenities. Its growing property market and family-friendly environment make it an appealing option for both homeowners and investors.