Wattle Park at a glance
1,956
People
$1,467,500
Median sale
$632/wk
Median rent
2.24%
Suburb gross yield
Median sale from 12 recorded sales (last 24 months) — a Districts calculation.
SA › Wattle Park › Penfold Rd
5
Bedrooms
5
Bathrooms
10
Car spaces
1,003 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Wattle Park (last 5 years) with land size have a median of $1,842/m² of land (n=38). Districts calculation from recorded sales — not a valuation.
Wattle Park at a glance
1,956
People
$1,467,500
Median sale
$632/wk
Median rent
2.24%
Suburb gross yield
Median sale from 12 recorded sales (last 24 months) — a Districts calculation.
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 $632/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
Wattle Park at a glance
1,956
People
$1,467,500
Median sale
$632/wk
Median rent
2.24%
Suburb gross yield
Median sale from 12 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Carter Partners'Olive Grove House' is a decadent family home and architectural triumph, custom-rebuilt with exquisite attention to detail. Enter via the oversized Meranti hardwood front door and you will instantly be swept by the opulent light-filled rooms, 3.2m high ceilings, striking herringbone flooring and brushed gold finishes. To the right of the entrance, a generous family room overlooks the manicured front garden with three-tier plantation shutters optimising both natural light and privacy. The 1003m2 site lies on the quieter southern end of Penfold Rd, just a short walk from Penfolds Magill Estate.
The centrepiece of this beautiful property is the enormous open plan living/dining space. It comes with an illusion gas fireplace and giant double-glazed commercial-grade, architecturally-designed windows complete with screens that welcome in the fresh Wattle Park air.
The kitchen boasts an industrial size seven-burner Smeg stovetop and oven complete with wall-mounted tap, farmhouse sink and dishwasher, complemented by a spacious butler's pantry with enviable storage. The expansive kitchen island and breakfast bar with Dekton Morpheus bench top is illuminated by gorgeous Ivory & Deene pendant lights.
Pop some bubbly from your majestic balcony with outdoor kitchen, built-in Beefeater barbecue, bar fridge, wine fridge and exposed aggregate concrete floor. Spend your summer nights taking in the glorious panoramic city views while the kids enjoy the imposing 10 x 5m swimming pool and adjacent stately garden. It is all guarded by 2.4m high fences, decorated with Lilly Pilly hedges that will soar, transforming your backyard into a princely estate.
Behind the kitchen lies the stunning master bedroom - a retreat in its own right. Offering views of the skyline, garden and pool below, it encompasses a luxurious his and hers dressing room with divine wardrobe island and abundant built-ins. It extends to a regal ensuite more akin to a day spa with Velux skylight, dual showers and bench seats, double vanities and bathtub.
There are three additional well-sized bedrooms, two with ample built-ins, and all with plantation shutters and ceiling fans. The potential exists to convert a charming, secluded private study into an additional bedroom.
The bedrooms are serviced by a lavish bathroom with Terrazzo tiles, a customised open shower and bathtub, heat lights, a Velux skylight and separate toilet.
Venture downstairs to the imposing garage where you are limited only by your imagination. It is big enough to comfortably house six cars while still being utilised as a games/rumpus room or teenage retreat complete with mudroom and all behind commercial grade glass doors that slide open to the rear.
As you wander through this property be sure to keep an eye out for the two horseshoes believed to be from the original stables once housed on the land - a unique and delightful link to the past, literally on your doorstep.
It is just a five-minute walk to the Wattle Park Shopping Centre or three-minute drive to Foodland at Erindale Shopping Centre. And it all lies just a short drive to St Peter's Girls' School or Pembroke School while also being zoned for Burnside Primary School and Norwood International High School.
More reasons why we love this home:
• Renovation completed in 2024
• One bedroom offers dimmed lighting ideal for a nursery, another comes with a built-in dressing table or study nook
• Extensive additional built-ins along bedroom hallway
• Samsung ducted air-conditioning with linear vents throughout
• Full CCTV cameras and Aiphone intercom for maximum privacy
• Property equipped with 3-phase power, gas, 7kW solar system with 10kW battery and new Rinnai continuous flow gas hot water system
• 3000 litre rainwater tank
• Study and laundry also draw in natural light with Velux skylights
• Laundry incorporates raised ledges to house washing machine and dryer, Hampton-style tiles with matt finish and an adjacent guest toilet and sink
• Japanese box plants, crepe myrtle trees and olive trees adorn the front of Olive Tree House
• Driveway lined with Cape Jaffa stone retaining walls
• Electric gates secure street front
• Oversized gutters protect perimeter
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.
Listing description written by Richie Carter, Carter Partners — reproduced as published, not verified by Districts.