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SA › Elizabeth Grove › Secombe St

24 Secombe St, Elizabeth Grove SA 5112

For saleSemi-detached

$91,926

For sale

Asking

$520,000

Last sold

7 Apr 2025

4

Bedrooms

1

Bathrooms

2

Car spaces

624 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $91,926 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $91,926(Listing record · 19 Aug 2026)
  • CalculationLand 624 m² against a 148 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded Semi-detached sales in Elizabeth Grove (last 5 years) with land size: median $679/m² of land (n=3). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 86% below the Elizabeth Grove median recorded sale ($662,500, n=20, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Elizabeth Grove's advertised median rent ($480/wk), implied gross yield would be 27.15% — 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.
  • FactZoned Housing Diversity Neighbourhood (HDN) under the Planning and Design Code.(Location SA · 31 Aug 2026)

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. 1No 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

$91,926

Asking · $147/m² of land

Last recorded sale $520,000 (7 Apr 2025).

Local land rate: recorded Semi-detached sales in Elizabeth Grove (last 5 years) with land size have a median of $679/m² of land (n=3). Districts calculation from recorded sales — not a valuation.

Elizabeth Grove at a glance

2,719

People

$662,500

Median sale

$480/wk

Median rent

3.77%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Elizabeth Grove report →

Vs Elizabeth Grove

-86.1%

Median sale

Suburb $662,500

+23.38 pp

Gross yield

Suburb 3.77%

Suburb median $662,500 from 20 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$91,926
Stamp Duty (South Australia)
$2,547
Transfer/Registration Fee
$878
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
$99,051

$7,125 on top of the price (7.8% 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

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

Net yield
25.65%
Annual cashflow (pre-tax)
$18,801
Interest cover (DSCR)
4.93
Annual rent
$24,960
Operating expenses
$1,379
Loan amount
$73,541
Annual interest
$4,780
Gross yield
27.15%

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 scheme

Planning and Design Code

Zone

Housing Diversity Neighbourhood

HDN

Jurisdiction

Playford

Playford, SA

Planning overlays

  • Data unavailable

Development activity

Data unavailable

Source

  • Provider: Location SA
  • Dataset: Planning and Design Code Zones
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 3233851002

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

20252026$520k$92k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$91,926available19 Aug 2026
  2. Sold$520,0007 Apr 2025
  3. Listedprice unknowncompleted25 Feb 2025
  4. Listedprice unknowncompleted25 Feb 2025

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?

Confidence: low

Zoned Housing Diversity Neighbourhood · HDN (Planning and Design Code). Official parcel area about 626 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Street frontage and true lot geometry are not confirmed without open cadastre. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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 $480/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 27.2%. 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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownlow

    Zoned Housing Diversity Neighbourhood · HDN (Planning and Design Code). Official parcel area about 626 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • 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?

    Knownmedium

    Official parcel about 626 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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 Grove in one glance

Elizabeth Grove at a glance

2,719

People

$662,500

Median sale

$480/wk

Median rent

3.77%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Elizabeth Grove report →

Keep researching

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

Listing material

Listed by Edge Realty

Renovated Retreat Opposite Seacombe Reserve!

*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://my.matterport.com/show/?m=sAsWMWEFtd8

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

Brendon Ly, Mike Lao and Edge Realty RLA256385 are proud to present to the market a recently renovated maisonette, set on a generous 624sqm (approx) allotment and offering a fantastic opportunity for first home buyers, investors and small families. With contemporary updates throughout, generous living spaces and a secure gated frontage, the home is ready to enjoy from day one. Mitsubishi split system reverse cycle air conditioning units to the meals area, lounge and all bedrooms keep the home comfortable year-round, while LED downlights add a crisp, modern finish.

At the heart of the home is the open plan meals area, finished with sleek porcelain tiled floors for easy everyday upkeep. Stepping into the spacious lounge, the tiled floors flow through, while elegant curtains and an impressive custom entertainment unit with feature lighting give the room a sophisticated edge. Glass sliding doors provide access at both ends of the room, bringing in natural light and creating an easy connection with the outdoor areas.

The contemporary kitchen makes an immediate impression, combining streamlined soft close cabinetry, stone-look finishes and warm timber-look detailing to create a stylish centrepiece. There is ample bench and storage space, along with a ceramic hotplate cooktop, while the breakfast bar provides plenty of room for casual dining, morning coffee or catching up with family and friends.

Three air conditioned bedrooms provide comfortable accommodation, each featuring floating floors and electric roller shutters. The bathroom includes a shower and single vanity, with a separate toilet adding everyday convenience. A functional laundry with a tiled ramp sink and direct external access completes the interior.

Outside, a flat roof verandah provides a sheltered place to sit and unwind, while the expansive patio offers loads of room for outdoor entertaining and family gatherings. A single garage provides sheltered parking, while there is also room for parking inside the gates.

Key features you'll love about this home:

- Solid brick maisonette on a fully fenced 624sqm (approx) allotment

- Mitsubishi reverse cycle split system air conditioning units to the meals, lounge and all bedrooms

- Electric roller shutters to all bedrooms

- Modern kitchen with soft close cabinetry

- Verandah overlooking the low maintenance yard

- Extra wide carport with a roller door and internal access

Positioned directly opposite Seacombe Reserve, open green space is right across the road. A local bus stop is within walking distance, while IGA Elizabeth Vale, Parabanks Shopping Centre and Elizabeth City Centre place shopping and everyday essentials within easy reach. Families are zoned to Elizabeth Grove Primary School and Playford International College, with Pinnacle College also nearby. Adelaide CBD can be reached in approximately 40 minutes.

Call Brendon Ly on 0447 888 444 or Mike Lao on 0410 390 250 to inspect!

Year Built / 1962 (approx)

Land Size / 624sqm (approx)

Frontage / 13.72m (approx)

Zoning / HDN - Housing Diversity Neighbourhood

Local Council / City of Playford

Council Rates / $1,860.37pa (approx)

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

Es Levy / $106.35pa (approx)

Estimated Rental / $500-$550pw

Title / Torrens Title 5328/579

Easement(s) / Subject to party wall rights - See Title

Encumbrance(s) / Nil

Internal Living / 114.6sqm (approx)

Total Building / 159.9sqm (approx)

Construction / Solid Brick

Gas / Not Connected

Sewerage / Mains

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

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 Brendon Ly, Edge Realty — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Fully Fenced
  • Outdoor Entertaining
  • Secure Parking
  • Solar Panels
  • Toilets: 1
Districts

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

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