Marion at a glance
4,153
People
$1,106,000
Median sale
$573/wk
Median rent
2.69%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
SA › Marion › Salrak Ave
$1,370,000
Last sold
8 Mar 2024
3
Bedrooms
2
Bathrooms
4
Car spaces
800 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
$1,370,000
8 Mar 2024 · derived via latest_sale
Local land rate: recorded House sales in Marion (last 5 years) with land size have a median of $1,875/m² of land (n=41). Districts calculation from recorded sales — not a valuation.
Marion at a glance
4,153
People
$1,106,000
Median sale
$573/wk
Median rent
2.69%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
Vs Marion
+23.9%
Median sale
Suburb $1,106,000
-0.52 pp
Gross yield
Suburb 2.69%
Suburb median $1,106,000 from 8 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 $573/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
Marion at a glance
4,153
People
$1,106,000
Median sale
$573/wk
Median rent
2.69%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate Lewis PriorFirst National Lewis Prior takes pride in presenting this property to the market.
Personally designed and built by the current owners in 2010 as a modern and practical home that would embrace family as well as allow for casual entertaining year-round.
Situated in the unique 'Oaklands Estate', which may not be well known generally but it is a quiet tree studded neighbourhood steeped in history. Many also appreciate that the 'Established Neighbourhood' zone maintains the low-density character of the area. Many of the original homes are sited on large allotments and today we progressively see them being replaced with large modern homes on full size allotments as people appreciate the many advantages of this unique location for their family. The area itself is bound by Oaklands Road on the North side, the railway line to the South and the vast Oaklands Wetland Reserve to the West. This creates an enclave of homes that benefit from being a quiet residential locality with a minimum of traffic flow.
The allotment size and shape carries its own unique features and benefits. Approximately 800 square metres with a 36m frontage allowed the construction of a large home with double garage under the main roof plus a distinctly separate free standing double garage with its own driveway and hard stand parking area, which is wonderful for the owners of classic cars, tradie vehicles or just the convenience of secure, convenient vehicle access for caravan or boat storage.
You will be immediately struck by the kerb appeal of the home itself and once you step inside the feeling of spaciousness is irresistible. The formal lounge and dining room has the flexibility for multiple uses while the adjacent main bedroom is nicely proportioned and has the essential ensuite and walk in robe. As you then walk down the hallway the layout opens up to a fantastic open plan that allows an abundance of natural light. The feature gas fire will see a lot of use in Winter and the room flows seamlessly to the outdoors for entertaining with friends. Those preparing daily meals or gourmet delights will never feel out of place in the neighbouring designer kitchen complimented by stone style counter tops, stainless steel Smeg appliances and a huge walk-through larder/pantry allowing the groceries to be taken straight from the car to the shelf.
The home boasts an abundance of storage cupboards, large attic storage space with internal ladder access, 2 additional double bedrooms with built-in robes plus designated study/home office, reverse cycle ducted air conditioning and security system. In addition to all of this is a solar system and rainwater tanks with a 45,000-litre capacity that allows the home to run mostly on rain water. This all adds up to a very economical and self-sufficient home.
Finally, the position is unsurpassed in my opinion. The proximity to lifestyle and essential services is magnificent with Westminster College, Oaklands Wetland Reserve, Railway Station, Marion Westfield, local Park Holme Coles/shops, Marion Swimming Pool, Adelaide Airport, and local beaches is simply unbelievable. There is little wonder that the homes in this area are so tightly held and sought after by families and retirees alike.
EXPRESSIONS OF INTEREST: Best Offers Close Thursday 23rd November 2023 at 1pm (Unless Sold Beforehand)
We welcome your enquiry and encourage you to make a personal appointment to inspect this property at a time that suits you.
For more information on this property or to Find Out What Your Home Is Worth . . . FREE, please contact Brett Lewis or Greg Lewis
Council Rates: $2,408.39 p.a
SA Water: $213.89 p.q.
ESL: $418.35 p.a.
Listing description written by Brett Lewis, First National Real Estate Lewis Prior — reproduced as published, not verified by Districts.