Glenburnie at a glance
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Median sale
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Median rent
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Suburb gross yield
SA › Glenburnie › Racecourse Cres
$880,000
For sale
Asking
4
Bedrooms
2
Bathrooms
5
Car spaces
2,240 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
Asking
$880,000
Asking · $393/m² of land
No recorded sale for this property.
Glenburnie at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
$54,998 on top of the price (6.2% extra)
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.
No rent is recorded for this listing. Enter a weekly rent to model yield.
Enter a purchase price and weekly rent to calculate yield.
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.
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 and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
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.
0 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
UnknownNo advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
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
Glenburnie at a glance
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Median sale
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Median rent
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Suburb gross yield
Listing material
Listed by Limestone Real EstateAre you a lover of beautiful gardens and wildlife, then this is a must-see home. With the original house brought back to its former glory this will transport you back in a time when homes were solidly built with amazing character. Original heritage was the residence of the Racecourse caretaker built in 1901. History of this home is a story to be left with the new carers of this exceptional property.
The driveway will lead you past the garden to a three car, high clearance garage with access to the back yard. The shed is able to store your caravan or motorhome with ease. The shed is connected to power.
Upon entering the property, you will notice the lovely stone home entrance to protect you from the weather. The main bedroom will encapsulate the dreams of the anyone who loves a bedroom that is both functional and designed for Sunday sleep ins. The ornate rose ceiling is a welcome addition. With a well-appointed walk-in wardrobe that leads into generous ensuite with an oversized shower and toilet nook for privacy. The heated towel rails will take the morning chill away.
Bedroom two has an ornate ceiling rose to continue the heritage of the home. Carpeted with a ceiling fan you will sleep in comfort all year round. With top quality Fittings throughout this home is sure to impress. Bedroom three also has a ceiling fan and carpeted.
As you move through the home you will be seamlessly entering the new built area. Here is the gorgeous kitchen with so much storage and soft touch close cabinetry. The double sink with cover and dishwasher to make any clean up effortless. The stunning island bench blends into the dining area with ample space for entertaining. The lounge area will give you a view of the well designed back yard with blinds you can adjust to optimize your comfort. There is a gas log fire and floating floors, tinted windows with the high ceilings are absolutely stunning.
The fourth bedroom is of generous size with a reverse cycle air-conditioning and wardrobe. The laundry is placed behind a bi-fold door with a with a sink and taps for convenience. The office is spacious and could be used as a fifth bedroom if required.
As you enter the alfresco area leading off the lounge, imagine having your first coffee of the day, listening to the birds and seeing the lovely garden. The lawns are surrounded by plants that will bloom according to the season. There is even a pond placed amongst the trees. The pop-up sprinklers maintain the garden and can be put on a timer to set and forget. Raised veggie boxes and fruit trees round off this oasis.
The hot mix drive will lead you to the back double garage and woodshed.
This is a property you really don't want to miss. It is fully rewired, plumbing is new, and all soft furnishing are quality so there is nothing to do. If you are seeking a lifestyle that allows you to come home and enjoy the space this is the place to be. Sitting opposite the racecourse on top of the hill only minutes from the centre of Mount Gambier, you will have the best of both worlds.
Listing description written by Graeme Cleves, Limestone Real Estate — reproduced as published, not verified by Districts.