Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
SA › Melrose Park › Walter St
3
Bedrooms
1
Bathrooms
4
Car spaces
699 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 Melrose Park (last 5 years) with land size have a median of $1,494/m² of land (n=46). Districts calculation from recorded sales — not a valuation.
Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 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 $580/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
Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harris Real Estate Daw ParkThis light and airy three-bedroom home set on 699m2 at the end of a quiet cul-de-sac in the sought-after suburb of Melrose Park is the one you've been waiting for. Sensational quiet location with an easy walk for the kids to Edwardstown Primary and shopping at Castle Plaza, whilst only a 10-15 minute drive to the beach, CBD and airport...it doesn't get much bettter.
Featuring updated kitchen, two generous living spaces as well as huge alfresco area in the lush and deceptively large low maintenance garden, this home has so much to offer whether you're starting, slowing down or simply looking for that right home.
The front yard is as pretty as a picture with its paved driveway as well as handy carport, slate and brick garden beds and established garden.
Entering the home, you discover a versatile and practical floor plan with front and rear living spaces. At the front of the home you'll be delighted by the open plan living, dining and kitchen with split system, ceiling fan, timber floors, updated curtains, block out blinds and French doors leading to the front pergola and garden; the perfect spot to enjoy your morning coffee or a G&T as the sun sets.
The gourmet kitchen with granite benchtops, double sink with Puratap, five-burner gas cooktop, dishwasher, soft close cabinetry and downlights is fantastic. Cooking here will be an absolute delight with plenty of room to move so entertaining family and friends will be a breeze.
Through the kitchen is the laundry and access to the service area. Past the laundry and down the hall you'll find two great sized bedrooms and the central bathroom. But what's really handy and impressive about this home is the back area. Open the hall door and you enter the second lounge with it's own bar and a third bedroom. This is the perfect parents wing or teenage retreat.
All three bedrooms feature built-in robes and ceiling fans, with the master having the added luxury of its own split system.
This great second lounge features downlights, floorboards, split system, ceiling fan and fabulous built-in bar where you can watch the cricket or footy and simply show off your cocktail skills mixing a few drinks for some friends. This space could easily be converted into a second bathroom and walk-in robe or home office. Sliding glass doors provide access to the wonderful gabled roof alfresco area complete with ceiling fan and café blinds.
The lush and established backyard is an absolute delight with so many spaces to sit back, relax and entertain family and friends; whilst still being low maintenance with its synthetic lawn. Additional features include a 10,000L rainwater tank, new gutters and handy powered garden shed.
Melrose Park as you know is a terrific location only 10-15 minutes to everything we love. From the CBD to the white sand beaches of Glenelg and Somerton Park; from Adelaide Uni to Flinders Uni; from the airport to the Adelaide Hills it's all just a short drive away. Schools, shops, public transport, local parks and even the local tennis court are all withing walking distance. 10 Walter Street is a wonderful house and a great place to call home.
Please call Simon Tanner on 0402 292 725 with any questions. We can't wait to show you through.
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at the offices of Tanner real estate for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
Specifications:
CT / 5242/119
Council / City of Mitcham
Zoning / Residential (Central Plains) Policy Area 8
Built / 1956
Land / 699 sqm (approx.)
Council Rates / $1,535.05 p.a.
ES Levy / $104.05 p.a.
S.A. Water / $75.40 p.q.
Sewer / $124.28 p.q.
*Please note that as COVID-19 (Coronavirus) has now been declared a pandemic by the World Health Organisation, we ask that you please respect the safety of our vendor's properties and our properties for sale where tenants are living during open inspections.
We ask that you only enter the home if you are not exhibiting any symptoms, such as fever or cough. Please do not touch any items in the home, and please avoid touching door handles and taps.
Fact sheets from SA Health will be provided at open inspections over the weekend.
For the latest advice, information and resources, go to health.gov.au
Listing description written by Simon Tanner, Harris Real Estate Daw Park — reproduced as published, not verified by Districts.