Seaview Downs at a glance
3,059
People
$1,110,000
Median sale
$640/wk
Median rent
3.00%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
SA › Seaview Downs › Penong St
$515,000
Last sold
16 Nov 2017
4
Bedrooms
2
Bathrooms
1
Car spaces
900 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
$515,000
16 Nov 2017 · derived via latest_sale
Local land rate: recorded House sales in Seaview Downs (last 5 years) with land size have a median of $1,210/m² of land (n=54). Districts calculation from recorded sales — not a valuation.
Seaview Downs at a glance
3,059
People
$1,110,000
Median sale
$640/wk
Median rent
3.00%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Seaview Downs
-53.6%
Median sale
Suburb $1,110,000
+3.46 pp
Gross yield
Suburb 3.00%
Suburb median $1,110,000 from 13 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 $640/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
UnknownArea
Seaview Downs at a glance
3,059
People
$1,110,000
Median sale
$640/wk
Median rent
3.00%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harris Real Estate Kent TownWhile the current owners have enjoyed its above-market rental returns for years, sea views, sunsets and a pool like this make it destined for something special...
At $440/week, the most recent going rate is well above the $390/week average for 3-bedroom homes in Seaview downs. And this one has four bedrooms.
With a heated pool and a neat, spacious interior that reaches its crescendo at breathtaking views of the Gulf St Vincent, tenants will surely stick around.
But let's be honest, this prized elevated 900sqm (approx.) block - and those vistas and sunsets that comes so naturally to it - is simply too good to give away.
So make it happen...
Get that council consent for a second storey - the one that will stand so high on its solid brick foundations that you can add city views to the sea ones.
And don't worry, the current home - boasting up to four bedrooms, large galley kitchen, office, converted garage, and large lounge room - is ready to go, regardless of what you do.
Sit back and relax knowing that, whatever you do, picture windows ensure the lounge and kitchen always come with views.
If you don't want to build up, you could always build out (STCC)...
Replace the corner windows of the lounge room with bi-fold doors and a deck hovering over the pool. Perfect.
Or you could just give it a sleek render and replace the kitchen in a cosmetic makeover that won't reach too far into your hip pocket.
The options are infinite. But this chance (and those views) is rare. Take it.
More reasons why we love this home:
- Just a short drive from Westfield (Marion) and the beaches of Seacliff and Brighton
- Solid brick, 70s-built construction
- Spa to gas heated pool
- Double carport
- New carpets and fresh paint to crisp, light-filled interior
- Dishwasher, walk-in pantry and loads of bench space to kitchen
- Built-in robes to bedroom 1, 2 and 3
- Office or rumpus/converted garage could be fourth bedroom
- Walking distance from Seaview Downs Primary School and public transport
- And many more.
CT / 5364/162
Council / City of Marion
Zoning / R'11
Built / 1970
Land / 900m2
Council Rates / $ 1,700.12pa
SA Water / $ $192.68pq
ES Levy / $280.25pa
The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. Should this property be scheduled for auction the vendor's statement may be inspected at any Harris Real Estate office for 3 consecutive business days.
Listing description written by Marco Wenzel, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.
Nearby 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.