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 › Ayers Ave
$502,500
Last sold
1 May 2020
3
Bedrooms
2
Bathrooms
1
Car spaces
448 m²
Land
113 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
$502,500
1 May 2020 · derived via latest_sale
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.
Vs Melrose Park
-56.3%
Median sale
Suburb $1,150,000
+3.38 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 Keeping It RealtyDue to COVID-19 all inspection are by appointment. Please call Christine Holowiecki on 0422 399 943 to arrange a time. The safety of our buyers, sellers and the community at large is of paramount importance. We align our business practice with Government health regulations and we are here to ensure we best accommodate your needs with respect to viewing times. Alternatives such as property walk through video's can also be made available on request. We appreciate your understanding and patience at this time.
Michael and Christine Holowiecki are proud to present this three bedroom, double brick home which beautifully showcases light-filled, open internal spaces; perfect for living and entertaining. Situated on a *448sqm corner block with dual street frontage and charming street appeal, take a short stroll to the park and give yourself options when it comes to highly sought after schools, public transport routes and shopping precincts.
This home adds an enviable location to its long list of great features, making this a desirable opportunity for first home buyers, investors, professional couples, families and downsizers.
First impressions on entry are a feeling of warmth and welcome as you follow the polished floorboards down the hall and into the lounge room. High ceilings add a sense of spaciousness and the neutral colour scheme helps create a relaxing ambiance.
The spacious living area is certainly one of this home’s most attractive aspects. Initial impressions are sure to include the amount of natural light streaming into the area by the large window, framed with new window treatments, emphasizing the overall sense of dimension and space. There is the inclusion of an adjacent dining area which leads into the recently updated kitchen that features amenities including a stainless-steel sink, a four-burner stove, ample storage and a subway tiled splashback.
The home’s three bedrooms are all well-sized with both the main and second bedrooms offering a built-in robe. The updated bathroom features a brand-new shower screen and a deep bath in addition to the pedestal vanity. The toilet is separate to the bathroom. This home is completed with polished floorboards, split system units offering both heating and cooling in both the lounge room and master bedroom and is NBN ready.
Externally the home offers low maintenance lush green lawns and low maintenance garden beds. It also features a large concreted outdoor verandah area at the rear, perfect for entertaining. An off-street secure lock up park for one vehicle is also accessible off Wheaton Road.
By living here, you will be proximal to the retail and leisure choices of Westfield Marion, Castle Plaza Shopping Centre, Pasadena Foodland and the café ambiance and cosmopolitan vibe of Winston Avenue.
Multiple private and public education options are accessible, including Cabra College, Edwardstown Primary, Westbourne Park Primary and Colonel Light Gardens Primary School.
Public transport options include the Edwardstown train station and numerous city-bound bus routes, all within a few minutes walking distance.
This property is only *8.5km to the Adelaide CBD and *8km to Jetty Road and glorious Glenelg Beach. This home has everything you need and more.
*=approximately
For further information about this listing, please contact:
Christine Holowiecki on 0422 399 943 or Michael Holowiecki on 0404 833 919.
Note: when making a property enquiry please ensure that you provide a daytime phone number so that we can respond to you promptly.
Follow Keeping It Realty on Facebook (@keepingitrealtyadelaide) and be the first to know about property updates and off-market listings. Have access to other great market and agency content as well as updates on recent sales.
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.
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.