Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
SA › Somerton Park › Ferris Ave
$2,450,000
Last sold
20 Oct 2024
3
Bedrooms
2
Bathrooms
3
Car spaces
593 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
$2,450,000
20 Oct 2024 · derived via latest_sale
Local land rate: recorded House sales in Somerton Park (last 5 years) with land size have a median of $4,146/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Vs Somerton Park
+12.9%
Median sale
Suburb $2,170,000
-0.15 pp
Gross yield
Suburb 1.34%
Suburb median $2,170,000 from 40 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 $560/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
Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Noakes NickolasPositioned on a commanding corner allotment an enviable proximity to Somerton Beach, this generous open plan home offers light-filled living ideal for the family or entertainer.
Exemplary elements to elevate your everyday, include granite benchtops to the kitchen, a north-facing living space, enduring neutral tones, large rooms, and 3m ceilings throughout the entire home.
From the grand tiled entry encounter sunny living spaces, carpeted double bedrooms and grand bathrooms – with a spa bath for the huge ensuite – all working to create a sense of everyday luxe.
A very generous open plan living spaces begins with the hearty slab of the granite island bar and flows like a dream through a wall of glass that slides all the way back to create truly seamless integration. Designer landscaping and a spacious outdoor living area are wrapped in secure and private lattice fencing, styling a sophisticated outdoor retreat.
Spoil your household with a new lifestyle on Ferris Avenue. Lock in this location to live for, seconds to Somerton Beach.
Features
• Integrated vaccum system throughout the home
• Secure double garage plus carport for boat/caravan and more off-street parking available on driveway
• Reverse cycle split system A/C units to open plan living and main bedroom
• Gas feature fireplace to open plan living
• Safe with combination lock built into the foundation
• Westinghouse electric oven, gas cooktop and integrated AEG dishwasher
• Dedicated workshop
• Secure alarm system with cameras
• Instant gas hot water system
• Automated and irrigated to the front and rear garden
• Development potential (STTC)
Lifestyle
• Just 160m to the sands of Somerton Beach
• Strolling distance to Broadway hotspots including The Organik Café, Broadway Hotel, Mediterranean Café Ristorante and the iconic Broadway Kiosk
• Zoned to Paringa Park Primary School and the coveted Brighton High School
• Close to St Mary's Memorial School and Sacred Heart College
• Perfectly placed between the expanses of the suburban coastline and the shopping and dining convenience of Brighton Road, including Foodland, Woolworths, Paper Tiger, Beach Bum and more
• Just 3.5km to Westfield Marion and 9.5km to the Adelaide CBD
Rates
• City of Holdfast Bay
• General Neighbourhood Zone
• Torrens Title
• Council $3138PA
• SA Water $382PQ
• ES Levy $143PA
Disclaimer at noakesnickolas.com.au | RLA 315571
Listing description written by Simon Noakes, Noakes Nickolas — reproduced as published, not verified by Districts.