133/135 Goodman Rd, Elizabeth South is a 3 bedroom, 1 bathroom House and was built in 1957. The property has a land size of 1329m2 and floor size of 81m2.
A rare and exciting opportunity awaits investors, developers and land-bankers with two tenanted properties on one title, positioned on a substantial combined landholding of approximately 1,351m. Offering immediate rental income, dual occupancy appeal and outstanding long-term potential, 133 & 135 Goodman Road represents the type of holding that is becoming increasingly hard to secure.
Both homes are currently tenanted, allowing purchasers to benefit from income from day one while exploring future options for the site, subject to all necessary consents. Whether you are looking to strengthen your portfolio, secure a large landholding in an established northern suburbs location, or plan for future redevelopment potential, this offering delivers exceptional flexibility.
Each property features a practical three-bedroom layout, one bathroom and a double carport, making them well suited to tenant demand. The homes provide functional accommodation with separate living, kitchen and bedroom spaces, offering broad appeal for families, couples and long-term renters seeking space, convenience and accessibility.
The generous total land size is a standout feature, providing approximately 1,351m across the title. With two existing dwellings already in place, the property offers strong holding value while leaving room for future improvement, renovation, redevelopment or reconfiguration possibilities, subject to council approval and all relevant requirements.
The location adds further appeal, with Elizabeth South offering excellent access to local schools, shops, parks and public transport. Major shopping, services and entertainment options are available nearby at Elizabeth City Centre, while surrounding reserves, sporting facilities and community amenities support strong tenant and family appeal. The property also enjoys convenient access to Main North Road, Salisbury Highway and public transport connections, making commuting throughout the northern suburbs and toward Adelaide straightforward.
Key features:
Two properties on one title
Combined land size of approximately 1,351m
Both properties currently tenanted
Immediate dual rental income opportunity
Each home offers three bedrooms
Each home includes one bathroom
Double carport to each property
Established residential location
Strong tenant appeal
Excellent long-term landholding opportunity
Potential future value-add or redevelopment options, subject to consents
Close to schools, shops, parks, public transport and major road links
For investors, this is a standout opportunity to secure two income-producing homes under one title, with the added advantage of a large landholding in a well-connected Elizabeth South location. Opportunities of this scale and structure are limited, making this an appealing option for those seeking immediate returns with long-term upside.
Contact Luke Alexander from Professionals Elizabeth to arrange your inspection or request further information.
All property details, land size, tenancy information and potential future uses should be independently verified. Development or subdivision potential is subject to all necessary consents.
Investor Note:
For investors, this property offers immediate income from two tenanted homes, combined with the long-term advantages of a substantial 1,351m allotment. A rental appraisal can also be provided on request.
Whether you purchase this property or another through a different agency, our dedicated Asset Management team is here to help you maximise your investment from day one. We can provide a detailed rental appraisal on this property, outline current market rental returns, and develop a tailored strategy to attract and secure high-quality tenants. With proactive management and a focus on long-term performance, we'll ensure your investment is positioned to deliver strong, consistent returns well beyond settlement.
The size of Elizabeth South is approximately 3.6 square kilometres. There are 14 parks, covering nearly 3.8% of the total area. The population of Elizabeth South in 2016 was 2864 people. By 2021 the population was 2933 showing a population growth of 2.4% in the area during that time. The predominant age group in Elizabeth South is 20-29 years. Households in Elizabeth South are primarily single parents and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth South work in a labourer occupation.In 2021, 32.90% of the homes in Elizabeth South were owner-occupied compared with 33.90% in 2016.
Elizabeth South has 1,445 properties. Over the last 5 years, Houses in Elizabeth South have seen a 178.32% increase in median value, while Units have seen a 165.29% increase. As at 31 August 2026:
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