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SA › Gilberton › Mersey St

10A Mersey St, Gilberton SA 5081

For saleApartment

$620,000

For sale

$620,000

Last sold

20 June 2025

2

Bedrooms

1

Bathrooms

1

Car spaces

89 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

This is on the market — is it worth your time?

Why this ask?

  • FactListed for sale — no asking price recorded(Listing record · 30 Apr 2025)
  • CalculationIf it leased at Gilberton's advertised median rent ($640/wk), implied gross yield would be 5.37% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • FactZoned Housing Diversity Neighbourhood (HDN) under the Planning and Design Code.(Location SA · 31 Aug 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$620,000

20 June 2025 · derived via latest_sale

Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.

Gilberton at a glance

1,566

People

$645,750

Median sale

$640/wk

Median rent

5.15%

Suburb gross yield

Median sale from 7 recorded sales (last 12 months) — a Districts calculation.

See the full Gilberton report →

Vs Gilberton

-4.0%

Median sale

Suburb $645,750

+0.22 pp

Gross yield

Suburb 5.15%

Suburb median $645,750 from 7 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$620,000
Stamp Duty (South Australia)
$27,930
Transfer/Registration Fee
$6,338
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$657,968

$37,968 on top of the price (6.1% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Gilberton's advertised median rent — not a rent for this listing.

Net yield
3.87%
Annual cashflow (pre-tax)
$-8,260
Interest cover (DSCR)
0.74
Annual rent
$33,280
Operating expenses
$9,300
Loan amount
$496,000
Annual interest
$32,240
Gross yield
5.37%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning scheme

Planning and Design Code

Zone

Housing Diversity Neighbourhood

HDN

Jurisdiction

Walkerville

Walkerville, SA

Planning overlays

  • Data unavailable

Development activity

Data unavailable

Source

  • Provider: Location SA
  • Dataset: Planning and Design Code Zones
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 2005025724

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

202120232025$435k$620k
  • Sold (recorded)
  1. Sold$620,00020 June 2025
  2. Listedprice unknownavailable30 Apr 2025
  3. Listedprice unknowncompleted29 Apr 2025
  4. Listedprice unknowncompleted29 Apr 2025
  5. Sold$435,00011 Aug 2021
  6. Listedprice unknowncompleted16 June 2021
  7. Listedprice unknowncompleted16 June 2021

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Confidence: low

Zoned Housing Diversity Neighbourhood · HDN (Planning and Design Code). Official parcel area about 13 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Street frontage and true lot geometry are not confirmed without open cadastre. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownlow

    Zoned Housing Diversity Neighbourhood · HDN (Planning and Design Code). Official parcel area about 13 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.

  • Lot-level flood

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Gilberton in one glance

Gilberton at a glance

1,566

People

$645,750

Median sale

$640/wk

Median rent

5.15%

Suburb gross yield

Median sale from 7 recorded sales (last 12 months) — a Districts calculation.

See the full Gilberton report →

Keep researching

  • Why Gilberton? Read the area thesis →
  • What else is on the market in Gilberton →
  • Other records on Mersey St →

Listing material

Listed by Raine & Horne Unley

OFF MARKET LISTING

Boutique Apartment Living in Prestigious Gilberton - 10A Mersey Street, Gilberton SA 5081

Set within a boutique, tightly held community, this elegant apartment at 10A Mersey Street offers the perfect blend of style, quality, and location. This residence forms part of an exclusive, architecturally designed complex that reflects the prestige of Gilberton, one of Adelaide's most desirable inner suburbs.

This is not a average apartment - it's part of a high-end, low-density development surrounded by beautifully landscaped gardens and a tranquil, community-focused environment. Ideal for first home buyers, downsizers, city professionals, or investors seeking a premium lifestyle without the upkeep.

Read the full description

A Premium Lifestyle Setting:

- Nestled in a peaceful, leafy street surrounded by other high-quality residences

- Part of a quiet, secure and well-managed boutique group of homes

- Beautifully maintained community garden offers a peaceful escape just steps from your door

- Shared green space enhances the sense of community while adding to the property's lifestyle value

Designed for Quality Living:

- Light-filled open-plan living and dining with high-quality finishes

- Designer kitchen with stainless steel appliances and ample storage

- Private balcony perfect for morning coffee or evening relaxation

- Two spacious bedrooms with built-in robes and soft carpets

- Stylish central bathroom with floor-to-ceiling tiling and premium fixtures

- Secure undercover car park included

- Low-maintenance, modern design ideal for busy lifestyles

Unmatched City-Fringe Location:

- Just minutes to the Adelaide CBD, North Adelaide & Walkerville

- Surrounded by top-rated cafés, boutique shops, and green parklands

- Easy access to public transport and major roads

- Zoned for Walkerville Primary School and Adelaide High School, Adelaide Botanic High School

A Rare Investment in a Blue-Chip Location:

This is a rare opportunity to own a home in a premium suburb where lifestyle and location meet. Gilberton continues to see strong capital growth and consistent rental demand, making this a smart choice for investors and owner-occupiers alike.

Contact us today to inspect this exclusive offering - boutique apartments of this calibre in Gilberton are tightly held and rarely become available.

*Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement. Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.

Listing description written by Soe Wang, Raine & Horne Unley — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Dishwasher
  • Toilets: 1
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.