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SA › Mawson Lakes › Grasswren Way

12 Grasswren Way, Mawson Lakes SA 5095

For saleHouse for Sale

$51,100

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

543 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $51,100 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $51,100(Listing record · 17 Aug 2026)
  • CalculationAsk is 94% below the Mawson Lakes median recorded sale ($900,000, n=51, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mawson Lakes's advertised median rent ($556/wk), implied gross yield would be 56.58% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$51,100

Asking · $94/m² of land

No recorded sale for this property.

Mawson Lakes at a glance

14,909

People

$900,000

Median sale

$556/wk

Median rent

3.21%

Suburb gross yield

Median sale from 51 recorded sales (last 12 months) — a Districts calculation.

See the full Mawson Lakes report →

Vs Mawson Lakes

-94.3%

Median sale

Suburb $900,000

+53.37 pp

Gross yield

Suburb 3.21%

Suburb median $900,000 from 51 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$51,100
Stamp Duty (South Australia)
$1,119
Transfer/Registration Fee
$458
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$56,377

$5,277 on top of the price (10.3% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Mawson Lakes's advertised median rent — not a rent for this listing.

Net yield
55.08%
Annual cashflow (pre-tax)
$25,488
Interest cover (DSCR)
10.59
Annual rent
$28,912
Operating expenses
$767
Loan amount
$40,880
Annual interest
$2,657
Gross yield
56.58%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$51,100available17 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $556/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 56.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mawson Lakes in one glance

Mawson Lakes at a glance

14,909

People

$900,000

Median sale

$556/wk

Median rent

3.21%

Suburb gross yield

Median sale from 51 recorded sales (last 12 months) — a Districts calculation.

See the full Mawson Lakes report →

Keep researching

  • Why Mawson Lakes? Read the area thesis →
  • What else is on the market in Mawson Lakes →
  • Other records on Grasswren Way →

Listing material

Listed by Ray White Burnside

Polished Interiors, Backyard Freedom and Everyday Connection.

Stylishly refreshed and ready for its next family chapter, 12 Grasswren Way takes a quality early-2000s build and gives it the bright, polished lift today's buyers are chasing. Behind its neat rendered façade, the deceptively spacious four-bedroom footprint opens with a peaceful master retreat enjoying its own walk-in robe and private ensuite, while a separate lounge creates a welcome second zone for quieter evenings, kids' downtime or simply spreading out when everyone is home.

Further in, the floorplan opens its shoulders and the home really starts to hum. Living and dining merge around a crisp kitchen where excellent bench space, breakfast bar seating, abundant cabinetry and all the room for helping hands make cooking a social affair rather than a solo job. Wide gallery windows flood this rear domain with natural light, while two sets of sliders keep the backyard constantly in view - letting conversation, dinner and weekend gatherings drift easily between inside and out.

Three additional bedrooms sit alongside the sparkling family bathroom, with built-in robes to two, while the separate laundry and ducted gas heating add practical comfort for year-round family living. Secure double garaging rounds out a footprint built for busy households. Outside, a paved patio frames the rear before giving way to open lawns and freshly mulched garden beds ready for a green thumb to make their mark. There's room here for kids to tear around, pets to roam and future landscaping ideas to take hold without sacrificing the clean, low-fuss appeal that makes the home so easy to settle into.

Read the full description

Mawson Lakes then turns everyday logistics into one of the address's strongest assets. Shearwater Lake and Playground sit within strolling reach for fresh-air escapes, while nearby schools and the bustling Mawson Lakes centre put education, shopping, cafés and dining within minutes. Train connections and the North-South Motorway make light work of wider commutes, Tea Tree Plaza is under 15-minutes away, and North Terrace can be reached in around 20 - a polished family base that keeps suburban calm close to everything that matters.

FEATURES WE LOVE

• Quality early-2000s family home stylishly refreshed from top to toe

• Sun-splashed open-plan living/dining/kitchen creating one superb social hub

• Crisp kitchen featuring excellent bench space/breakfast bar, abundant cabinetry + modern appliances, including dishwasher

• Dual sliders + gallery windows extending the rear domain seamlessly to the backyard

• Separate central lounge adding valuable second-living flexibility

• Light-filled master retreat enjoying WIR + private ensuite

• 3 additional bedrooms, two featuring BIRs + great versatility for WFH/study needs

• Sparkling two-way family bathroom featuring separate shower/bath/WC

• Ducted gas heating + evaporative AC throughout for year-round comfort

• Functional laundry

• Paved patio areas, sunny lawns + fresh garden beds ready for planting

• Secure double garage with twin roller doors + more off-street parking out front

LOCATION

• A leisure stroll to Shearwater Lake + Playground for relaxing walks and plenty of outdoor fun with the kids

• Easy access to public transport options, including the North-South Motorway + Mawson Lakes Train Station for traffic-free city-bound commutes

• 5-minutes to central Mawson for all your shopping + amenities, café + dining options

• Close to Mawson Lakes Primary, Endeavour College + Adelaide Uni

• Under 15-minutes to bustling Tea Tree Plaza + around 20-minutes to town

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.

Burnside RLA 334844

Property Details:

Council | Salisbury

Zone | Housing Diversity Neighbourhood

Land | 543sqm(Approx.)

House | 203sqm(Approx.)

Built | 2005

Council Rates | $2,613.55 pa

Water | $231.80 pq

ESL | $175.70 pa

Listing description written by Damien Fong, Ray White Burnside — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.