Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
NSW › Melrose Park › Cobham Ave
$1,325,000
Last sold
16 Dec 2017
3
Bedrooms
1
Bathrooms
1
Car spaces
486 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
$1,325,000
16 Dec 2017 · derived via latest_sale
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $4,427/m² of land (n=16). Districts calculation from recorded sales — not a valuation.
Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Vs Melrose Park
-51.4%
Median sale
Suburb $2,725,000
+1.56 pp
Gross yield
Suburb 1.48%
Suburb median $2,725,000 from 5 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
NSWPlanning 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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $775/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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Award Group Real Estate Winston HillsBoasting a level 486sqm parcel of land with an east facing facade, this full brick bungalow offers an outstanding entry point into the ever-popular Melrose Park property market. With a spacious backyard this is one for the shortlist!
Property Highlights |
- 3-bedrooms of accommodation, 2 with access to an east facing sun-room or study
- Separate family lounge room with polished floorboards
- Modern kitchen with stainless steel appliances including dishwasher
- Separate dining room to the rear of the property
- Family bathroom with shower over bath
- Second separate toilet
- Side access to an automated single lock-up garage and garden shed
- Other features include fresh neutral tones throughout, an internal laundry with external access, and a second toilet
Location Highlights |
- 500m to Melrose Park Public School
- 900m to Marsden High School
- 300m to 524 bus route connecting West Ryde to Parramatta
- 2km to West Ryde Market Place
- 2.2km to West Ryde or Meadowbank Train Station
- 2.8km to Meadowbank Ferry Wharf
- Close to boat ramp and Meadowbank Park
What makes this property so special?
- The block of land is rectangular and near level
- It's move in ready, but would also suit buyers looking to renovate to their own taste
- Perfect home for families with primary and high schools within walking distance
Should you have any questions regarding this unique offering, please contact your real estate experts David Johnson and Leighton Avery, otherwise we look forward to seeing you at one of our scheduled inspections.
(STCA) = Subject to council approval | City of Ryde
Disclaimer: All information provided has been gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and any interested persons should rely upon their own enquiries. Some photos are location/lifestyle images - all measurements, locations, distances, and boundaries are approximate.
Property Code: 103
Listing description written by David Johnson, Award Group Real Estate Winston Hills — reproduced as published, not verified by Districts.