Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
SA › Melrose Park › Kingston Ave
3
Bedrooms
1
Bathrooms
4
Car spaces
700 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 Melrose Park (last 5 years) with land size have a median of $1,494/m² of land (n=46). Districts calculation from recorded sales — not a valuation.
Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 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 $580/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
Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White UnleyAuction Saturday 5th March 10am
A beautifully presented solid brick home with three generous sized bedrooms and two living areas in a highly sought after location. This north rear-facing home sits on approximately 700 sqm and is freshly painted with stylish polished floorboards and new carpet. This home is ideal for family functionality and is ready to move into effortlessly.
With enough room for a family and two separate living areas, all three bedrooms are complete with ceiling fans for added comfort and new blinds. Bedroom two also features a built-in wardrobe. Central to the home is the kitchen with ample storage space and a new freestanding oven.
The light-filled second living room sits at the rear of the home with a beautiful large window that receives the north-facing light. Adjacent to the living area is a separate laundry room and a study nook with outdoor access.
Externally the home offers a large lawned backyard and neat garden, providing plenty of room for the kids to play.
This lovely home is conveniently located within 15 minutes of the CBD, Flinders University and our beautiful beaches. It is a short walk of a city bus route and is a few minutes drive to Castle Plaza with shops, cafes and services at your fingertips. An array of schools are easily accessible, along with tennis courts and parks.
This property provides the perfect opportunity for families and upsizers looking to make this into their forever home with plenty of room to extend from the eastern side of the boundary
in the future; or investors looking to earn an exceptional rental return.
This is a great opportunity to establish yourself in a convenient location!
More reasons to love this home:
- Land size 702 sqm (approx)
- Recently renovated with new LED lights
- Multiple living areas
- Newly installed blinds and carpet
- Freshly polished floorboards
- Ducted evaporative air conditioning
- Bedrooms with ceiling fans
- Second bedroom with built-in wardrobe
- Kitchen with newly installed oven
- Separate laundry room
- Large grassed backyard
- North-facing rear
- Recent pest inspection undertaken
- Recently upgraded electricity metre box
- Off-street parking for up to 4 cars
- Gas hot water and heater
Property Specifications:
Council: $377.67 p/q
Water Supply: $68.60 p/q
Water Sewer: $103.15 p/q
Emergency Service Levy: $141.55 p/a
Listing description written by Brett Brook, Ray White Unley — reproduced as published, not verified by Districts.