4 Walter St, Elizabeth Downs is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1962. The property has a land size of 808m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
An exceptional opportunity for developers, investors and land buyers, this substantial allotment offers approximately 810m 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 810m 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.
The size of Elizabeth Downs is approximately 3.2 square kilometres. There are 10 parks, covering nearly 30.1% of the total area. The population of Elizabeth Downs in 2016 was 5069 people. By 2021 the population was 5160 showing a population growth of 1.8% in the area during that time. The predominant age group in Elizabeth Downs is 20-29 years. Households in Elizabeth Downs are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth Downs work in a labourer occupation.In 2021, 53.90% of the homes in Elizabeth Downs were owner-occupied compared with 54.00% in 2016.
Elizabeth Downs has 2,459 properties. Over the last 5 years, Houses in Elizabeth Downs have seen a 182.43% increase in median value, while Units have seen a 148.91% increase. As at 30 June 2026:
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