Banksia Park at a glance
3,397
People
$850,500
Median sale
$616/wk
Median rent
3.77%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
SA › Banksia Park › Magnolia Ct
3
Bedrooms
1
Bathrooms
3
Car spaces
2,590 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Banksia Park (last 5 years) with land size have a median of $878/m² of land (n=63). Districts calculation from recorded sales — not a valuation.
Banksia Park at a glance
3,397
People
$850,500
Median sale
$616/wk
Median rent
3.77%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
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 $616/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
Banksia Park at a glance
3,397
People
$850,500
Median sale
$616/wk
Median rent
3.77%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White NorwoodBeing offered for the first time the modern era, this rarely found and often sought, massive 2,590sqm (Approx) allotment, is quietly nestled in a botanic, reserve setting in a quiet, no through road cul-de-sac. The property boasts mature trees and fabulous terraced gardens flowing throughout a vibrant natural allotment where abundant bird and natural wildlife create a soothing environmental ambience.
Think you're more in the country than the city as you roam amidst once proud, terraced gardens, now disused and ready for the next residential evolutionary phase.
Developers will need to act fast to secure this one. With a plethora of future use opportunities available, the allotment will surely attract the attention of both those wishing to subdivide and redevelop, (STCC), or those who desire a large allotment to build their dream home.
The original 1963 constructed solid brick home is in good condition and offers 3 bedrooms across a 5 main room design with solid brick garage adjoining. The potential to renovate and revitalise is available, but the real value of this one is in the massive allotment and its viable future use potential.
Extensive outbuildings include 2 powered workshops, a disused tennis court, a carport and 9 rainwater tanks. A babbling winter creek flows through the allotment offering a valuable natural water source. Several bridges across the creek and offer ease of access to the entire allotment where towering natural trees and abundant undergrowth provide a lush natural habitat.
This one is all about the land! A rare and desirable release indeed. Be quick to act!
Briefly:
* 1963 constructed, solid brick home on extensive landholding
* Massive 2,590sqm (approx) allotment with abundant established gardens, plants and trees
* Babbling winter creek flowing through the allotment
* Rare and exciting potential to redevelop (STCC)
* Level and fenced, disused tennis court
* 9 rainwater tanks, with extensive irrigation system
* 2 powered workshops
* Carport
* Lock-up gates to street
* Main home of 5 main rooms plus adjoining solid brick garage
* 3 bedrooms plus separate laundry toilet and bathroom
* Combined living/dining and adjacent kitchen
* Wide frontage to street plus side walkway
Quietly located on the suburban fringe in a quiet no through road location. Banksia Park Kindergarten, Primary and International High Schools are quite close by along with Tea Tree Gully, Ridgehaven and Fairview Park Primary Schools.
Tea Tree Gully Golf Club is only a few minutes away along with the Tea Tree Gully Sports Complex, hosting football, cricket, tennis, netball, athletics and gymnastics.
Fairview Park Shopping Centre is close by for your daily needs with Golden Grove Village and Tea Tree Plaza offering a world class shopping experience, plus express Park & Ride' Obahn Busway transport to the city.
Ray White Norwood 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 restrictions on numbers attending any one home are in place and social distancing will be required.
We strongly recommend that if you have recently returned from travel interstate or overseas or are feeling unwell at this time, please contact the listing agent to discuss alternative ways to view or bid at any upcoming auctions and/ or appointments.
Property Details:
Council | Tea Tree Gully
Zone | Residential
House | 145sqm (Approx.)
Land | 2,590sqm (Approx.)
Built | 1963
Council Rates | $1,931 Per Annum
Water | $188.93 Per Quarter
ESL | $291.70 Per Annum
Listing description written by Nick Roma, Ray White Norwood — reproduced as published, not verified by Districts.
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