Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

SA › Elizabeth East › Waldron St

15 Waldron St, Elizabeth East SA 5112

For saleHouse for Sale

$659,000–$719,000

For sale

Asking range

3

Bedrooms

1

Bathrooms

1

Car spaces

891.5 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $659,000–$719,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $659,000–$719,000(Listing record · 20 Apr 2026)
  • CalculationLand 892 m² against a 125 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 3% below the Elizabeth East median recorded sale ($681,000, n=51, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Elizabeth East's advertised median rent ($518/wk), implied gross yield would be 4.09% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$659,000–$719,000

Asking range · $739/m² of land

No recorded sale for this property.

Elizabeth East at a glance

4,795

People

$681,000

Median sale

$518/wk

Median rent

3.96%

Suburb gross yield

Median sale from 51 recorded sales (last 12 months) — a Districts calculation.

See the full Elizabeth East report →

Vs Elizabeth East

-3.2%

Median sale

Suburb $681,000

+0.13 pp

Gross yield

Suburb 3.96%

Suburb median $681,000 from 51 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$659,000
Stamp Duty (South Australia)
$30,075
Transfer/Registration Fee
$6,758
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$699,533

$40,533 on top of the price (6.2% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Elizabeth East's advertised median rent — not a rent for this listing.

Net yield
2.59%
Annual cashflow (pre-tax)
$-17,217
Interest cover (DSCR)
0.50
Annual rent
$26,936
Operating expenses
$9,885
Loan amount
$527,200
Annual interest
$34,268
Gross yield
4.09%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$659,000–$719,000available20 Apr 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $518/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Elizabeth East in one glance

Elizabeth East at a glance

4,795

People

$681,000

Median sale

$518/wk

Median rent

3.96%

Suburb gross yield

Median sale from 51 recorded sales (last 12 months) — a Districts calculation.

See the full Elizabeth East report →

Keep researching

  • Why Elizabeth East? Read the area thesis →
  • What else is on the market in Elizabeth East →
  • Other records on Waldron St →

Listing material

Listed by Edge Realty

Timeless Charm Meets Everyday Comfort!

*For an in-depth look at this home, please click on the 3D tour for a virtual walk-through or copy and paste this link into your browser*

Virtual Tour Link: https://shorturl.at/8ECD4

To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/

Read the full description

Mike Lao, Tyson Bennett and Edge Realty RLA256385 are proud to present to the market a warm and inviting home set on an expansive 891.5sqm (approx) allotment, offering comfort, character and exceptional potential. Whether you are a first home buyer, investor, developer or someone dreaming of a backyard you can truly make your own, this is an opportunity that delivers both lifestyle and future upside. Please note this property is currently tenanted on a fixed lease returning $490 per week until 17/5/27.

Step inside and you are welcomed directly into the lounge, where natural light fills the space and highlights the pine floorboards. Ornate cornices and a classic brick mantle add warmth and charm, while the Kelvinator reverse cycle air conditioning ensures year round comfort. It is a space that feels relaxed and lived in, perfect for quiet nights or casual gatherings.

The kitchen and meals area sits at the heart of the home, offering a practical layout with a nostalgic touch. Timber cabinetry, tiled benchtops and a Belling freestanding ceramic cooktop and oven bring a sense of character, while the built in pantry and overhead cupboards provide generous storage. A ceiling fan and Fujitsu split system air conditioning unit keep the space comfortable, making it suited to everyday living and casual meals with loved ones.

All three bedrooms are positioned along the hallway, offering a sense of privacy from the main living areas. The master bedroom is finished with pine floorboards and shelving, while bedroom two is well equipped with a built in robe, ceiling fan and split system air conditioning, making it a flexible space for family or guests. Bedroom three provides a cosy retreat with carpet and roller blinds. The bathroom is neat and functional with a shower, vanity and separate toilet, while the laundry offers a trough and direct external access for everyday convenience.

Outdoors, the property stands out. The paved pergola, framed by established greenery, creates a peaceful setting that feels like your own private retreat. It is the perfect place to unwind or entertain, while the expansive backyard beyond offers incredible space and flexibility. Whether you are looking to landscape, grow your own produce, extend the home or explore development potential (Subject to Approval from Council & All Other Relevant Authorities - STCA), the possibilities are endless. Two sheds, a rainwater tank and double gates that provide rear access further enhance the functionality of the property.

Key features you'll love about this home:

- Large 891.5sqm (approx) allotment with no easements

- Multiple air conditioning units throughout

- Touches of character within including pine floorboards

- Established lush backyard

- Two sheds to provide additional storage

- Rainwater tank

Positioned for everyday convenience, you will find yourself just moments from local shopping at Parks Shopping Centre and Craigmore Village, with the larger Elizabeth City Centre only a short drive away. For those who enjoy the outdoors, Olive Grove Wetlands is close by, offering peaceful walking trails and open green space to unwind. Families will appreciate having a selection of nearby schools including Elizabeth Park Primary School, St Thomas More School and Playford College, while the Adelaide CBD remains within comfortable reach at approximately 45 minutes.

Call Mike Lao on 0410 390 250 or Tyson Bennett on 0437 161 997 to inspect!

Year Built / 1960 (approx)

Land Size / 891.5sqm (approx)

Frontage / 19.5m (approx)

Zoning / GN - General Neighbourhood

Local Council / City of Playford

Council Rates / $2,022.12pa (approx)

Water Rates (excluding Usage) / $767.40pa (approx)

Es Levy / $124.10pa (approx)

Current Rental / Fixed lease returning $490pw until 17/5/27

Estimated Rental / $520-$570pw

Title / Torrens Title 5279/68

Easement(s) / Nil

Encumbrance(s) / Nil

Internal Living / 96.6sqm (approx)

Total Building / 133.1sqm (approx)

Construction / Brick Veneer

Gas / Not Connected

Sewerage / Mains

Selling Investment

For additional property information such as the Certificate of Title, please copy and paste this link into your browser: https://vltre.co/hNzWPB

If this property is to be sold via Auction, we recommend you review the Vendors Statement (Form 1) which can be inspected at the Edge Realty Office at 4/25 Wiltshire Street, Salisbury for 3 consecutive business days prior to the Auction and at the Auction for 30 minutes before it starts. Please contact us to request a copy of the Contract of Sale prior to the Auction.

Want to find out where your property sits within the market? Receive a free online appraisal of your property delivered to your inbox by entering your details here: https://www.edgerealty.com.au/

Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.

Listing description written by Mike Lao, Edge Realty — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Floorboards
  • Shed
  • Solar Panels
  • Toilets: 1
  • Water Tank
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.