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 › Richmond Ave
$1,113,000
Last sold
16 Sept 2023
3
Bedrooms
1
Bathrooms
1
Car spaces
782 m²
Land
Districts View
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
$1,113,000
16 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $1,496/m² of land (n=45). 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.
Vs Melrose Park
-3.2%
Median sale
Suburb $1,150,000
+0.09 pp
Gross yield
Suburb 2.62%
Suburb median $1,150,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Planning and Design Code
Zone
Suburban Neighbourhood
SN
Jurisdiction
Mitcham
Mitcham, SA
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
SAZoned Suburban Neighbourhood · SN (Planning and Design Code). Official parcel area about 784 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.
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
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.
3 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned Suburban Neighbourhood · SN (Planning and Design Code). Official parcel area about 784 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
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?
KnownmediumOfficial parcel about 784 m² — land size can look like optionality. 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
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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 Kent TownAuction 1pm Saturday 16th September
Old-world soul upscaled for the best in modern living, pride of place on an expansive 782m2 allotment with coveted northern orientation to rear – no matter what you're searching for, 114 Richmond Avenue will have you at hello. Space, scale and serenity, all in prime position in ever-evolving Melrose Park… the future looks bright indeed.
Set quietly back off the street, established gardens expertly offset a handsome mid-century frontage. Endless natural light is enhanced by high ceilings and rich polished floorboards throughout, simultaneously honouring 1950s origins and curating an enviable modern canvas for your own atheistic to sing.
With picture windows overlooking leafy views of the front garden, an spacious main bedroom is complete with wall-to-wall built-in robes, while two additional bedrooms provide flexibility to adapt to your needs now, and as they change or grow. All are serviced by a deco family bathroom, with terrazzo floors, wide vanity, bathtub and freestanding shower a chic location for morning rituals and evening self-care routines.
Centred by rich exposed brick feature wall, the main living area is complete with timber-topped cupboards, while sliding doors facilitate easy flow through to dining area and contemporary kitchen. Subway tile backsplash and timber-look benchtops deliver style, while gas cooking and stainless-steel appliances showcase substance to match, combining to create a worthy workspace, sure to be the hub of your home.
A sunroom and rear pergola overlook the rear of the allotment, with ample footprint for hosting your nearest and dearest or soaking up some rays with your morning coffee. A vast rear yard offers generous lush lawn to please furry family members or host cartwheel practice, while raised garden beds and established fruit trees are ready to be curated as a veggie patch or kitchen garden for the full farm-to-table experience. A workshop with convenient driveway access is also on hand, completing your home empire with the perfect place for passion projects.
Abundant liveability is right at your fingertips, with ideal positioning nestled neatly between South Road and Winston Avenue shopping districts for a mix of big-box shopping and beloved local businesses, plus Castle Plaza, Marion, Pasadena and Mitcham Shopping Centres in close reach. Enviably zoned for Unley High School, with Edwardstown Primary School and a host of private school options nearby. Only 15 minutes to the CBD, or harness numerous regular bus services nearby for a speedy commute
The good life awaits….
More to love:
• Single carport and additional off-street gated parking
• Separate laundry and additional WC
• Ducted air conditioning
• Rainwater tank
• Neutral colour palette
• Ceiling fans
Specifications:
CT / 5578/280
Council / Mitcham
Zoning / SN
Built / 1958
Land / 782m2
Frontage / 17.68m
Council Rates / $1,912pa
Emergency Services Levy / $159.55pa
SA Water / $230.54pq
Estimated rental assessment / $580 - $610 per week / Written rental assessment can be provided upon request
Nearby Schools / Edwardstown P.S, Forbes P.S, Ascot Park P.S, Unley H.S, Springbank Secondary College, Mitcham Girls H.S
Disclaimer: 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 and financial 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 immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409
Listing description written by Dylan Lynch, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.