7/47 Jarvis Rd, Elizabeth Vale is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 65m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Situated in the popular suburb of Elizabeth Vale, this immaculately renovated and well-maintained 2 bedroom single storey unit offers the ideal opportunity for the savvy investor to begin or add to their investment portfolio.
Internally the unit offers two great sized bedrooms, with an open-plan kitchen/living space, gas cooking and a separate laundry. All the hard work has been completed, with the bathroom and kitchen having been completely renovated. Fresh paint and floating floorboards throughout complete the finishing touches. Heating and cooling is catered for year round by a wall unit air conditioner in the living area, with plenty of off-street car parking also available.
Location wise the unit is ideal, being within walking distance to the Calvary Central Districts Hospital, and a short drive away from the Lyell McEwin Hospital, perfect for those who require to be within close proximity to medical facilities. All major shopping and local facilities are catered for by the Parabanks Shopping Centre and Elizabeth Shopping Centre, both being within a short drive. Those who require alternative transport will have their needs catered for with numerous bus stops along Jarvis Road, allowing for ease of transport.
Please note that this unit is currently rented at $210.00 per week until June 2023. It would be expected that this figure would increase significantly upon expiry.
Get in quick as opportunities like this don't last!
Strata Fees: $490.83 per quarter (Admin Fund), $37.50 per quarter (Sinking Fund)
Water: $142.10 per quarter
Council Rates: $1055.20 per annum
The size of Elizabeth Vale is approximately 2.5 square kilometres. It has 11 parks covering nearly 28.4% of total area. The population of Elizabeth Vale in 2016 was 4043 people. By 2021 the population was 4331 showing a population growth of 7.1% in the area during that time. The predominant age group in Elizabeth Vale is 20-29 years. Households in Elizabeth Vale are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth Vale work in a labourer occupation.In 2021, 44.50% of the homes in Elizabeth Vale were owner-occupied compared with 46.30% in 2016.
Elizabeth Vale has 1,632 properties. Over the last 5 years, Houses in Elizabeth Vale have seen a 171.67% increase in median value, while Units have seen a 185.17% increase. As at 30 April 2026:
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