Queenstown at a glance
2,054
People
$907,500
Median sale
$540/wk
Median rent
3.09%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
SA › Queenstown › New St
$540,000
Last sold
18 Feb 2021
5
Bedrooms
2
Bathrooms
0
Car spaces
510 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
$540,000
18 Feb 2021 · derived via latest_sale
Local land rate: recorded House sales in Queenstown (last 5 years) with land size have a median of $1,681/m² of land (n=20). Districts calculation from recorded sales — not a valuation.
Queenstown at a glance
2,054
People
$907,500
Median sale
$540/wk
Median rent
3.09%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Vs Queenstown
-40.5%
Median sale
Suburb $907,500
+2.11 pp
Gross yield
Suburb 3.09%
Suburb median $907,500 from 12 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 $540/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Queenstown at a glance
2,054
People
$907,500
Median sale
$540/wk
Median rent
3.09%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by REAL Agents & AuctioneersTurn this 1 into 2 back into 1 once again or keep as is...
Commonly known as 115 & 115a New Street, Queenstown.
This rare corner allotment offering of Circa 1920's maisonettes appears to have once been once large home that was converted into 2 many years ago.
All on one title there is potential aplenty in this unique property set on one of Queenstown's lovely wide streets surrounded by other character and carefully cared for residences.
Live in or rent out. Or live in one side and rent out the other. Or open up the door between the 2 once more and reimagine this property as a large family residence the options this property provides the successful buyer are seldom seen.
Truly a once in a generation offering this property has now been in the one family over two generations where it has served them as a well returning investment property but the time has now come to pass on the baton.
The time has come to write the next chapter in the property's story and a sympathetic renovation is possible thanks to many original period elements still in excellent condition.
Fire places, wooden floors, high ceiling, period skirting boards and original windows serve as inspiration for a modern interpretation or a period restoration.
Being a corner allotment offers options for off street parking via side access with garaging already in place.
Currently disposed as 2 units with each offering 2 bedrooms, large light filled north facing lounge rooms and kitchen and wet area amenities in the lean to at the rear in the traditional style.
Yet, a keen eye will note the potential to open this property back up and convert into a perfectly practical family home that would boast an abundance of space for the growing family.
Nestled between the two Port Roads this precinct is becoming increasingly coveted by those seeking balance between being near the city, not far from the beach and moments away from the conveniences of a the suburbs with an ever improving streetscape reflecting the ongoing gentrification of this location.
Options galore, potential aplenty and a chance rarely available to the market in what is becoming a very tightly held precinct this opportunity may take 2 more generations to return to market so do not miss out this time!
CT: 5831/521
Land Size: 510m²
Year Built: 1920
Zone: Residential63 - Queenstown, Alberton, Rosewater
Council: Port Adelaide Enfield
RLA 232366
Listing description written by Dave Stockbridge, REAL Agents & Auctioneers — reproduced as published, not verified by Districts.