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
3
Bedrooms
1
Bathrooms
2
Car spaces
745 m²
Land
199 m²
Building
Districts View
Nothing about this record stands out yet — coverage may still be filling in.
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
No recorded sale price for this property yet.
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.
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 747 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 747 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 747 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 Ray White BurnsideRight on the cusp of Cumberland Park and a stone's throw to Edwardstown Primary and the bustling Castle Plaza, 116 Richmond Avenue - a beautifully updated c.1955 solid brick charmer set on a sprawling 745sqm parcel - is the picture-perfect base for those in search of character charm they can move straight into, while securing incredible size and scope to expand on.
Bright and airy throughout, discover a crisp interior warmed by rich hardwood floors, and where a familiar 3-bedroom footprint of spacious size complements the light-filled lounge and versatile sunroom at the rear. From a kids' playroom for those with little legs on the run or an inspiring home office, lovely open-plan modern kitchen and dining hub letting you cook with company, to the wonderfully sunbathed and crucial north-facing backyard stretching across lush lawns where you can sit in alfresco ease and watch the kids play or family pet roam… a quick glance out here instantly reveals the huge potential that awaits.
Perfectly comfortable as is, and with a world of renovation, extension and redesign possibilities at the ready (STCC) in this hugely thriving city-south pocket that has you equal distance to the soft sands of Glenelg and Brighton, the hustle and bustle of Westfield Marion, and Adelaide CBD by way of car, bus or train - give this Melrose Park beauty the brightest of futures!
FEATURES WE LOVE
• Sprawling 745sqm (approx.) mid-century property with classic red brick frontage inviting wonderful scope to renovate, extend, redesign or rebuild (subject to council conditions)
• Beautifully presented and updated interior, letting you move in as is and live creature comfort with 3 generous bedrooms
• Light-filled formal lounge at entry and lovely sunroom at the rear for optional household versatility
• Bright and airy modern kitchen and dining zone featuring crisp cabinetry and cupboards, subway tile splashback, dual sinks, sleek electric cook top and dishwasher
• Neat and tidy contemporary bathroom with separate shower and bath, as well as separate WC adjoining the large laundry with storage
• Wide all-weather alfresco area overlooking the sweeping and sunny backyard catching priceless north-facing sunshine
• Loads of kid and pet-friendly lawn space, as well as established fruit trees
• Classic solid brick frontage, carport and long driveway extending to a secure garage/workshop
LOCATION
• Superb everyday lifestyle on deck with local cafés and tasty takeaway eateries a short stroll from your front door
• A welcome walk to Edwardstown Primary for stress-free school runs, zoned for the reputable Unley High, and with Cabra College, Springbank and Sacred Heart College all at arm's reach
• Cooee to Castle Plaza & Target for all your shopping essentials and household needs
• 13-minutes to Westfield Marion, same to the vibrant Jetty Road Glenelg and nearby beaches, and a 10-minute bee-line to the CBD straight down Goodwood Road
Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Property Details:
Council | MITCHAM
Zone | SN - Suburban Neighbourhood
Land | 745sqm(Approx.)
House | 199sqm(Approx.)
Built | 1955
Council Rates | $1,816.65 pa
Water | $201.45pq
ESL | $347.65pa
Listing description written by Reece Pilgrim, Ray White Burnside — reproduced as published, not verified by Districts.