Salisbury Park at a glance
2,319
People
$750,500
Median sale
$564/wk
Median rent
3.91%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
SA › Salisbury Park › Coleridge Dr
$575,000
Last sold
31 Aug 2022
3
Bedrooms
2
Bathrooms
6
Car spaces
690 m²
Land
148 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
$575,000
31 Aug 2022 · derived via latest_sale
Local land rate: recorded House sales in Salisbury Park (last 5 years) with land size have a median of $994/m² of land (n=46). Districts calculation from recorded sales — not a valuation.
Salisbury Park at a glance
2,319
People
$750,500
Median sale
$564/wk
Median rent
3.91%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Salisbury Park
-23.4%
Median sale
Suburb $750,500
+1.19 pp
Gross yield
Suburb 3.91%
Suburb median $750,500 from 11 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 $564/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
Salisbury Park at a glance
2,319
People
$750,500
Median sale
$564/wk
Median rent
3.91%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Edge Realty*For an in-depth look at this home, please click on the 3D tour for a virtual walk-through or copy and paste this link into your browser*
Virtual Tour Link: https://my.matterport.com/show/?m=2NvxuXxbVsZ
To submit an offer, please copy and paste this link into your browser: https://www.edgerealty.com.au/buying/make-an-offer/
Mike Lao, Brendon Ly and Edge Realty RLA256385 are proud to present to the market this easy-care modern abode set on a 690sqm block that offers a life of ease and comfort to those who call it home. All the room you need to move, play and entertain is on offer in the spacious and well-designed single-storey layout while outside, the expansive verandah and spacious backyard offer endless hours of fun.
Stepping inside the home you'll discover three bedrooms, two living spaces and two bathrooms with stylish fittings and neutral colour tones throughout.
The well-equipped kitchen boasts sweeping benchtops, ample soft-close cabinetry, a 900mm induction cooktop, pyrolytic electric oven, dishwasher and a waterfall edge island for casual meals, while in the adjacent dining room you'll find enough room for the whole family to sit around and enjoy a meal together.
A separate lounge room and separate family room add to the spacious feel of the home, and when you're entertaining guests the expansive veranda with a pitched roof will be the place to be.
The master bedroom enjoys a walk-in robe and ensuite, and the two other guest bedrooms are just a few steps away from the main bathroom that has a separate toilet to accommodate busy households.
The well-equipped laundry has direct access to the outside clothesline, the double carport ensures your vehicles are out of the weather, and there is plenty of extra off-street parking available on the driveway or separate double garage.
Low-maintenance gardens surround the home, and a sprinkler system ensures they will be looking lush year-round.
More fantastic features you'll love about this home include:
- Ceiling fans and ducted air-conditioning throughout for year-round comfort
- Electric gates, roller shutters, security doors and security cameras for peace of mind
- 5kW solar system and Tesla battery to help to reduce energy bills
- Dual driveways, double carport and double garage
- 2x 1000L rainwater tanks add further appeal
- Window tinting on all living and bedroom windows for added privacy
The quiet yet central Salisbury Park location is ideal. The beautiful Harry Bowey Reserve with scenic trails is within walking distance, as is Salisbury Park Primary School. Salisbury East High School, Madison Park Kindergarten and other great schools are within easy reach, as are supermarkets, shopping centres and amenities. Those who commute into the city for work can be in the CBD in just 35 minutes, and weekends at the beach are made easy with St Kilda Beach only 20 minutes away.
Call Mike Lao or Brendon Ly to inspect!
Year Built / 1980 (approx)
Land Size / 690sqm (approx)
Frontage / 22m (approx)
Zoning / GN-General Neighbourhood
Local Council / City of Salisbury
Council Rates / $1,685.80 pa (approx)
Water Rates (excluding Usage) / $587.26 pa (approx)
Es Levy / $122.30 pa (approx)
Current Rental / Fixed lease of $350 per week until 15/07/2023
Estimated Rental / $450-$480 per week
Title / Torrens Title
Easements / Nil
Internal Living / 148.1sqm (approx)
Total Building / 318.8sqm (approx)
Construction / Brick Veneer
Gas / Not Connected
Sewerage / Mains
Selling Investment
Edge Realty RLA256385 are working directly with the current government requirements associated with Open Inspections, Auctions and preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing is recommended and all attendees will be required to check-in.
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representation is given or made as to the correctness of information supplied and neither the Vendors or their Agent can accept responsibility for error or omissions. Prospective Purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
Listing description written by Mike Lao, Edge Realty — reproduced as published, not verified by Districts.