Morphettville at a glance
4,086
People
$1,062,000
Median sale
$582/wk
Median rent
2.85%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
SA › Morphettville › Bray St
$1,215,000
Last sold
20 Feb 2024
4
Bedrooms
2
Bathrooms
4
Car spaces
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
$1,215,000
20 Feb 2024 · derived via latest_sale
Morphettville at a glance
4,086
People
$1,062,000
Median sale
$582/wk
Median rent
2.85%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Vs Morphettville
+14.4%
Median sale
Suburb $1,062,000
-0.36 pp
Gross yield
Suburb 2.85%
Suburb median $1,062,000 from 29 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 $582/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
Morphettville at a glance
4,086
People
$1,062,000
Median sale
$582/wk
Median rent
2.85%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Turner Real Estate AdelaideBest Offers By Monday 4th March at 12pm - Unless Sold Prior.
Custom designed and constructed in 2009, this stunning family home, complete with immaculate horse training stables and potential to convert to a barn/workshop on a generous allotment, is sure to impress.
A sizable, well-proportioned home offers quality formal and informal living areas ideal for the growing and established family. The options are endless with a well-built barn/workshop that provides a platform for the home tradesman, hobbyist and is perfect for those wishing to run a business from home.
Situated on a generous allotment of some 1,120 sqm (approx) with impressive street appeal, the home comprises of four bedrooms with plush carpets and built in robes whilst the master bedroom boasts its own ensuite and walk in robe. There is also a dedicated study/ home office which potentially could be a fifth bedroom.
The large formal lounge and dining area is open, and along with the double door entrance hall and glass feature wall gives the impression of grandeur and living in style. The fully optioned kitchen with dishwasher and fridge is of an open plan and overlooks an adjacent informal dining area and casual living room.
Other things we love:
- Sweeping tiled floors throughout the hallway and open plan areas
- Undercover entertainment area
- Ducted reverse cycle air-conditioning
- Plantation shutters throughout
- Double car garage with remote panel lift door
- 60,000L Inground rainwater storage with the potential to convert to a pool
- 10 generously sized stables of some 18m2 each (5m x 3.6m), tack room and workshop
- Plus much, much more
The stables have their own street access and have the potential for their own separate rental income of approximately $500 per week. Giving the astute investor the opportunity for a dual rental income or an income on the side whilst residing at the property. The home alone would rent for approximately $700 per week.
With only a short walk to the tram station, only minutes away from Glenelg Beach and views of Morphettville Racecourse, this increasingly popular suburb is a rare and exciting opportunity that provides a perfect platform to prosperity and an enviable family/work lifestyle.
If you can't make it to a scheduled open inspection, please call to make a time.
CT / Vol 5088 / Fol 338
Year built / 2009
Equivalent Building Area / 280sqm
Land Size / 1120sqm (approx)
Council / City of Marion
Council Rates / $2,977.40 p.a.
Water & Sewer / $255.39 p.q.
ESL / $220.10 p.a.
Title / Torrens
Zoning / Suburban Neighbourhood
Frontage / 22.34m Depth / 50.15m
Rent appraisal / $500 per week (Stables)
$700 per week (House)
Speak to TURNER Property Management about managing this property
#expectmore
RLA 62639
Listing description written by Martin Betts, Turner Real Estate Adelaide — reproduced as published, not verified by Districts.