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 › Morgan Ave
3
Bedrooms
1
Bathrooms
3
Car spaces
690 m²
Land
115 m²
Building
Districts View
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 Keeping It RealtyChristine Holowiecki from Keeping It Realty is proud to present this charming family home just oozing potential in the beautiful, leafy suburb of Melrose Park.
Close to almost everything you can think of, including parks and shops, 126 Morgan Avenue is on offer for the very first time in its 65-year history!
Built in 1955 and on *690sqm of land, this quaint 3-4 bedroom home will appeal to those who are keen to roll up their sleeves and turn it into the house of their dreams.
With all the makings of a comfortable family abode, the foundations are there with sturdy brick work and plenty of room to move – all it needs is some TLC once the potential is seen firsthand.
Can you picture yourself living in Melrose Park where everything is at your fingertips? Even more than that, the home’s neat front and rear gardens provide so much space for children and pets, it really is a haven you will be happy to call your own. Delicious fruit is harvested from the mature fruit trees, and the luscious green lawn is ready to be played on; there’s also a large garage with a pit for the mechanic or car enthusiast!
Thinking beyond that, there is nothing stopping the home’s new owners from building an extension, creating an outdoor entertaining space or putting in a swimming pool (STCC). The possibilities are endless in this 5039 postcode!
Further features this home provides include:
• Original eat-in retro kitchen.
• Flexible floor plan offering a 2nd rear living area or a 4th bedroom.
• Large garage with pit, carport for 2x cars, driveway space for extra vehicles.
• Front and rear gardens with mature fruit trees and a rainwater tank.
• Within walking distance to multiple parks, cafés, bakeries and boutiques.
• Public transport options surround the property.
• Just *8km to Glenelg Beach and *9km to the Adelaide CBD.
• Local school zones include Edwardstown Primary, Clovelly Park Primary, Ascot Park Primary, Colonel Light Gardens Primary, Clapham Primary, Unley High, Springbank Secondary, Cabra College and Mitcham Girls.
• Centrally located between all major Adelaide universities.
• Shopping centres such as Castle Plaza, Foodland Pasadena and Westfield Marion just a short drive away.
• A spectacular renovator with an incredible amount of potential.
Put your own personality into this home and don’t delay coming to take a look!
For further information about this listing, please contact:
Christine Holowiecki on 0422 399 943.
*=approximately
*Keeping It Realty, its staff and representatives make no warranties with respect to this property, its condition, fixtures and fittings. We recommend to those intending on bidding to own 126 Morgan Avenue, Melrose Park to pursue the services of a fully qualified building and pest inspector prior to doing so.
*All development inquiries and site requirements should be directed to the Local Government Authority.
*Purchasers/buyers are advised to conduct their own due diligence and any information provided currently is a guide and should not be relied upon.
Note: when making a property enquiry please ensure that you provide a daytime phone number so that we can respond to you promptly.
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Whilst we try to ensure accuracy of the information provided, no liability for any error or omission in this advertisement is accepted by the agent or the vendor. It is not intended that prospective purchasers would rely exclusively on this advertisement or any other information provided by 3rd parties to confirm the details of the property or land listed. Confirmation of property or land details should be sourced via direct enquiry to the agent or through review of the completed Form 1 Vendor Statement which contains the Certificate of Title and local government details.
Listing description written by Christine Holowiecki, Keeping It Realty — reproduced as published, not verified by Districts.