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SA › Craigmore › Somerset Grove

12 Somerset Grove, Craigmore SA 5114

For saleHouse for Sale

$840,000–$860,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

4

Car spaces

645 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $840,000–$860,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $840,000–$860,000(Listing record · 14 Aug 2026)
  • CalculationAsk is 11% above the Craigmore median recorded sale ($758,750, n=70, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Craigmore's advertised median rent ($558/wk), implied gross yield would be 3.45% — 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

$840,000–$860,000

Asking range · $1,302/m² of land

No recorded sale for this property.

Craigmore at a glance

11,412

People

$758,750

Median sale

$558/wk

Median rent

3.82%

Suburb gross yield

Median sale from 70 recorded sales (last 12 months) — a Districts calculation.

See the full Craigmore report →

Vs Craigmore

+10.7%

Median sale

Suburb $758,750

-0.37 pp

Gross yield

Suburb 3.82%

Suburb median $758,750 from 70 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$840,000
Stamp Duty (South Australia)
$40,030
Transfer/Registration Fee
$8,648
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
$892,378

$52,378 on top of the price (6.2% 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

Based on the low end of the asking range, not a contract price.

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

Net yield
1.95%
Annual cashflow (pre-tax)
$-27,264
Interest cover (DSCR)
0.38
Annual rent
$29,016
Operating expenses
$12,600
Loan amount
$672,000
Annual interest
$43,680
Gross yield
3.45%

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$840,000–$860,000available14 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 $558/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 3.5%. 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

Craigmore in one glance

Craigmore at a glance

11,412

People

$758,750

Median sale

$558/wk

Median rent

3.82%

Suburb gross yield

Median sale from 70 recorded sales (last 12 months) — a Districts calculation.

See the full Craigmore report →

Keep researching

  • Why Craigmore? Read the area thesis →
  • What else is on the market in Craigmore →
  • Other records on Somerset Grove →

Listing material

Listed by LJ Hooker Craigmore/Elizabeth

All class family living with spectacular outdoor entertaining

Beautifully presented and exceptionally well-appointed, this impressive four-bedroom family home offers the perfect combination of space, comfort, and lifestyle on a generous 645sqm (approx.) allotment. Designed for families who love to entertain, the home features multiple living areas, quality finishes, and an outstanding outdoor entertaining zone that is sure to impress.

From the moment you arrive, you'll appreciate the home's immaculate presentation, established gardens, and superb street appeal.

The spacious master suite is a true retreat, complete with a walk-in robe, private ensuite, ceiling fan, and charming bay window. Bedrooms two, three, and four all include built-in robes.

Read the full description

At the heart of the home is a spotless, well-appointed kitchen featuring a dishwasher, wall oven, gas cooktop, rangehood, and ample cupboard space, overlooking the expansive tiled family and dining areas.

The huge tiled family room seamlessly flows through sliding doors to an exceptional A-frame outdoor entertaining area, this impressive space has been thoughtfully designed including a comfortable sitting area with lighting and weather blinds and a dedicated area with gas BBQ and a relaxing spa zone featuring a six-person spa.

Year-round comfort is assured with ducted evaporative cooling and ducted gas heating, while the double garage under the main roof offers twin front roller doors and a rear roller door for convenient backyard access.

Additional features include a tool shed, beautifully established gardens, and a spacious backyard that provides the ideal setting for families, pets, and outdoor enjoyment.

Features you'll love:

- Four generous bedrooms

- Master with walk-in robe, ensuite, bay window, and ceiling fan

- Built-in robes to bedrooms two, three, and four

- Formal front lounge room with ceiling fam

- Spacious tiled dining and family rooms

- Well-equipped kitchen with dishwasher and gas cooking

- Ducted evaporative cooling

- Ducted gas heating

- Exceptional A-frame outdoor entertaining area

- Six-person outdoor spa bath

- Double garage with rear roller door access

- Established gardens, tool shed.

- 645sqm (approx.) allotment

This is a home that truly delivers the complete family lifestyle, with outstanding indoor and outdoor living spaces designed for both everyday comfort and memorable entertaining.

Step up to a better lifestyle.

Contact Corey today to arrange your inspection.

To make an offer, visit the link below:

https://www.cognitoforms.com/LJHookerCraigmore/LetterOfOfferToPurchaseResidentialLand

Disclaimer:

We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

RLA155355

Listing description written by Corey Voss, LJ Hooker Craigmore/Elizabeth — 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.