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
4
Car spaces
720 m²
Land
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
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 Ray White UnleyAuction Saturday 6th November 10:00am
This 1950s double brick home sits on approximately 720sqm of land, sporting a neat front yard securely positioned behind an electric gate, this home has all the necessities for comfortable living.
Enter into the spacious open plan living, kitchen and dining area, adorned with timber floors. The living room holds a wood log fireplace, to take advantage of and keep toasty warm during the cooler months. The kitchen is fitted with ample storage space, a gas cooktop, stainless steel dishwasher and a pull-out pantry.
Cosy three good size bedrooms offer built-in wardrobes with the addition of a fan in the master bedroom. For your comfort ducted evaporate cooling is available throughout the home.
The newly updated laundry is of good size and provides ample storage space. Towards the rear of the home, you will find a sunroom, with the opportunity to use this space as a study area.
Outside offers a large entertaining space with a newly built pergola with lighting and an external fan, an established lawn and a rear garden with two beautiful mature trees providing a lovely ambience and an abundance of shade.
A great location with easy access into the city and close to Goodwood and South Road. Somerton Park and Brighton are only a 15-minute drive away. Take weekend trips to Mclaren Vale to enjoy wine tasting and appetisers. Grab your morning coffee on the go at the many choices of local cafes such as the Middle Store, Little Fig and Local Crowd.
Close to Mitcham shopping centre, Cumberland Park Woolworths and Pasadena Foodland, all a five-minute drive away. Great options with schooling with being zoned to Edwardstown Primary school and Unley High school.
This property will certainly appeal to a family, who desires a cosy home!
More reasons to love this home:
- Safely secured behind an electric gate
- Roof tiles recently restored and coated
- Ducted evaporative cooling throughout
- Split system wall unit and wood log fireplace with electric fan in living
- Bedrooms with built-in robes
- Kitchen with dishwasher and pull out pantry
- Large shower head in bathroom
- Recently updated laundry with ample storage space
- Sunroom at rear of home
- Established lawn with an easy maintenance garden
- Irrigation system in rear garden
- Newly built pergola with lighting and electric fan
- Large shed
Listing description written by Josh Gillespie, Ray White Unley — reproduced as published, not verified by Districts.