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
$1,140,000
Last sold
25 Jan 2025
4
Bedrooms
1
Bathrooms
2
Car spaces
750 m²
Land
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
$1,140,000
25 Jan 2025 · 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
-0.9%
Median sale
Suburb $1,150,000
+0.03 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 scheme
Planning and Design Code
Zone
Suburban Neighbourhood
SN
Jurisdiction
Mitcham
Mitcham, SA
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
SAZoned Suburban Neighbourhood · SN (Planning and Design Code). Official parcel area about 751 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Street frontage and true lot geometry are not confirmed without open cadastre. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned Suburban Neighbourhood · SN (Planning and Design Code). Official parcel area about 751 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 751 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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 Harris Real Estate Kent TownA solid mid-century home standing proud on an expansive 750m2 corner allotment in ever-evolving Melrose Park, 130 Richmond Avenue delivers a family haven and radiates opportunity simultaneously.
Established gardens and slate crazy paving expertly offset a brick frontage, unfolding to classic family floorplan. Endless natural light is enhanced by high ceilings, picture windows and polished timber floors throughout, honouring C1955 origins and providing a versatile canvas for any design movement to sing.
Stretching from a front formal lounge with wood-log gas heater and wall-to-wall stone mantle, to expansive rear living area that soaks up the north facing rear orientation, there's no shortage of space to spread out, or scope to configure exactly as you like. Connecting all zones, a retro-chic kitchen boasts extensive benchtop space with a gas cooktop, delivering a worthy workspace sure to be the hub of your home.
Three very generous bedrooms ensure a layout you can grow into, and not out of, all serviced by a two-way bathroom with bathtub, corner vanity and terrazzo floors, ready for morning rituals and evening self-care routines.
Further enjoying those northern sunrays, a rear pergola delivers ample footprint for morning coffee and cocktail hour. Lush lawns are primed for furry family members or cartwheel practice, with established fruit trees primed for a bountiful home harvest.
And while enviable on its own, a private studio is on hand to offer further flexibility, whether that be a fourth bedroom for a teenager, home office or slumber zone as you demand, with an extensive garage workshop elevating the framework to even more inspiring levels, side street access from Wheaton Road to making bump in easier than ever.
Abundant liveability is right at your fingertips, with ideal positioning nestled neatly between South Road and Winston Avenue for a mix of big-box shopping and beloved local businesses, plus Castle Plaza, Marion, Pasadena, and Mitcham Shopping Centres in close reach. Enviably zoned for Unley High School, with Edwardstown Primary School and a host of private school options nearby. Only 15 minutes to the CBD, or utilise numerous regular bus services nearby for a speedy commute.
The next chapter belongs to you. Reimagine and update, extend out, start from scratch and harness the full scale of the allotment, or simply settle in and start thriving exactly as is. Whatever you choose, it's a bright future in Melrose Park.
More to love:
• Secure double garage with rear yard access
• Additional off-street parking
• Separate laundry
• Split system air conditioning to lounge
• Electric heater to lounge
• Rainwater tank
• Mid-century features throughout – high ceilings, decorative cornices, slate crazy paving, timber panelling, wrought iron work
• Exterior roller shutters
• Established fruit trees
Specifications:
CT / 5334/836
Council / Mitcham
Zoning / SN
Built / 1955
Land / 750m2 (approx)
Council Rates / $1,931.70pa
Emergency Services Levy / $171.60pa
SA Water / $209.22pq
Estimated rental assessment / $550 - $580 per week / Written rental assessment can be provided upon request
Nearby Schools / Edwardstown P.S, Forbes P.S, Ascot Park P.S, Unley H.S, Springbank Secondary College, Mitcham Girls H.S
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409
Listing description written by Dylan Lynch, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.