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 › Richmond Ave
$1,950,000
Last sold
9 May 2026
4
Bedrooms
3
Bathrooms
4
Car spaces
754 m²
Land
259 m²
Building
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
$1,950,000
9 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $1,491/m² of land (n=45). 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.
Vs Melrose Park
+69.6%
Median sale
Suburb $1,150,000
-1.07 pp
Gross yield
Suburb 2.62%
Suburb median $1,150,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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
UnknownArea
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 OCAuction Sat, 9th May - 3.30pm
Single-handedly raising Melrose Park's profile to new territory, this high-spec head-turner on a vast south-north plot takes the idea of modern family living and turns it into a 4-bedroom family dream with multiple living zones, quality from corner to corner and a license to wow a crowd, inside and out.
Any trace of the original 1950s footprint sits quietly in the background, overtaken by an ambitious architectural vision with a rare level of finish across a cleverly adaptable, far-reaching layout that converges on expansive open-plan living.
The result is a searingly stylish home that looks, feels, and basically is, every bit a brand new proposition and impresses from its electric front gate to its rear alfresco pavilion. Melrose Park just changed forever.
Open the Door to:
⁃ A statement in modern family living, using one vast south-north parcel to deliver scale, separation, entertaining power and a level of finish Melrose Park rarely sees
⁃ A vast 206sqm extension completed over the last two years on an established south-north parcel
⁃ Four generously sized bedrooms, each featuring built-in wardrobes, including a private main suite complete with a walk-in robe and ensuite
⁃ Multiple living zones, from the separate front lounge to the expansive open-plan rear hub
⁃ Under-bench lighting enhances the breakfast bar, while the stone-topped kitchen features premium two-pack cabinetry with matching stone splashbacks extending through both the kitchen and scullery. Well-appointed with filtered water, plumbed fridge provisions, a 900mm range hood, gas cooktop, and a generous breakfast bar, it is further complemented by premium appliances from Miele, Schweigen, and Neff, combining refined style with everyday functionality.
⁃ Blackbutt engineered timber floors under 2.72m ceilings
⁃ Luxe bathrooms and the walk-in robe are finished with full-height tiling, under-bench lighting, and quality fixtures, all complemented by a clean, durable palette designed for both style and longevity
⁃ Double glazing throughout, zoned climate control with separate systems servicing the front and rear of the home, plus a separate split system servicing the fourth bedroom.
⁃ Large undercover alfresco patio with remote operated, motorised zipscreen blinds plus BBQ gas provisions.
⁃ A remote electric gate with intercom, phone connectivity and auto panel-lift garage
⁃ Smart-home functionality including Wi-Fi connected central controls and remote blinds to the main room and front lounge
⁃ Established low-maintenance gardens with fire pit zone and aggregate driveway/paving
⁃ Extra attic storage, plus provision for solar, an EV charger and feature lighting upgrades
Close the Door on:
⁃ Rear additions with little connection to the outdoors. The living zone and alfresco work together as one continuous entertaining space
⁃ Family homes that still feel like an old house with a new room stuck on the back. This one feels cohesive, considered and resolved from front to rear
⁃ Cheap joinery and lightweight finishes that do not last. This home has been fitted out to a much higher standard
A home that genuinely moves its suburb forward puts convenience front and centre, moments from Castle Plaza, Mitcham Square, Winston Avenue's local pull, quality schools, parks/reserves, public transport, the metro and CBD itself. You'll never look back.
Please contact Ethan Millen on 0452 660 240 or Daniel Richardson on 0424 332 564 for more details.
All information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice. Ouwens Casserly Real Estate Pty Ltd partners with third party providers including Realestate.com.au (REA) and Before You Buy Australia Pty Ltd (BYB). If you elect to use the BYB website and service, you are dealing directly with BYB. Ouwens Casserly Real Estate Pty Ltd does not receive any financial benefit from BYB in respect of the service provided. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions in respect of the service provided by BYB. Interested potential purchasers should make their own enquiries as they see fit.
RLA 275403
Listing description written by Ethan Millen, OC — reproduced as published, not verified by Districts.
Nearby 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.