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.
SA › Elizabeth East › Derrick Rd
$705,000
Last sold
3 Apr 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
820 m²
Land
177 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$705,000
3 Apr 2026 · derived via latest_sale
Local land rate: recorded House sales in Elizabeth East (last 5 years) with land size have a median of $808/m² of land (n=99). Districts calculation from recorded sales — not a valuation.
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.
Vs Elizabeth East
+3.5%
Median sale
Suburb $681,000
-0.14 pp
Gross yield
Suburb 3.96%
Suburb median $681,000 from 51 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
SAPlanning 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.
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
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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
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.
Listing material
Listed by REAL Agents & AuctioneersSet on a generous 820m² allotment, this privately constructed solid brick home, built in 1975, showcases a distinctive Spanish Missionary style and offers a wonderful opportunity for families, investors, or those looking to add their own finishing touches.
Inside, the home features three generous bedrooms, providing comfortable accommodation for a growing family. A spacious lounge room offers the perfect setting for relaxing or entertaining guests, while the renovated kitchen has been thoughtfully updated to combine functionality with modern convenience. The updated bathroom enhances everyday comfort, and the home also benefits from two toilets, adding extra practicality for busy households.
Year-round comfort is assured with gas heating for the cooler months and ducted evaporative air conditioning to keep the home cool throughout summer.
Stepping outside, the property continues to impress. A large shed complete with a mechanic's pit will be a standout feature for car enthusiasts, hobbyists, or anyone needing substantial workshop space. The expansive 838m² block also provides ample room for outdoor living, gardening, or future improvements.
While the home is ready to move into and enjoy from day one, there remains excellent potential to add further valueby applying some personal touches or additional updates over time. Many buyers will also recognise the development potential that a block of this size may offer (subject to relevant approvals).
Location is another key highlight. Situated just one street from the highly regarded suburb of Hillbank, the property enjoys excellent convenience. You are only 5 minutes to Elizabeth, 10 minutes to Salisbury, and 15 minutes to Golden Grove, placing shopping, schools, and major services all within easy reach.
Offering space, character, convenience, and future potential, this property represents an exciting opportunity for families, investors, and developers alike.
**The vendor statement along with all searches pertaining to the property will be on display at our office for 3 days consecutive days prior to auction and at the site of auction for 30 minutes before the auction**
RLA 232366
Listing description written by Dave Stockbridge, REAL Agents & Auctioneers — reproduced as published, not verified by Districts.