Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
SA › Pennington › Fortisgreen Ave
For sale
For sale
2
Bedrooms
1
Bathrooms
4
Car spaces
725 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
Asking
No recorded sale price for this property yet.
Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 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 $575/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
Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Port AdelaideNathaniel Kennerdale from Ray White Port Adelaide is pleased to present to the market an incredible opportunity! Nestled on a spacious 725m2 (approx.) allotment, this 2-bedroom home is ripe for renovation and promises an abundance of potential.
Imagine the endless possibilities that come with this property. With the right vision and planning consent, you could embark on a development project that brings your dream home to life while simultaneously creating an investment property. The potential for maximising the value of this property is simply unparalleled.
Step inside this home, and you'll find a canvas ready for your artistic touch. Whether you envision an open-concept living space, a modern kitchen, or a luxurious master suite, this property provides a solid foundation for your imagination to soar. With renovation, you can transform this house into a stunning masterpiece that reflects your personal style and preferences.
For those with an investor's mindset, this property holds incredible potential. The demand for quality rental properties in Pennington is steadily growing, and by renovating this home, you can create a high-yielding investment opportunity. Take advantage of the strong rental market and secure a lucrative stream of income for years to come.
Furthermore, the large allotment offers the possibility of additional development (subject to planning consent). Expand your investment portfolio by exploring the potential for subdividing, building another dwelling, or even creating a backyard oasis that adds value and allure to the property.
WHAT THE PROPERTY CURRENTLY OFFERS:
*2 spacious bedrooms with plush carpet, master with ceiling fan
*Lounge room with timber floorboards, heating and reverse cycle air conditioning
*Kitchen and adjacent dining room with timber floorboards and ceiling fan
*Modern and updated bathroom with bathtub, shower and separate w/c
*Undercover verandah and large rear yard
*Single car garage and additional parking for 3 x vehicles
In summary, this 2-bedroom home presents an exciting opportunity for renovation, development, and investment. Embrace the chance to build your dream home while creating an additional income stream. Don't miss out on the potential that awaits within this property. Seize the opportunity and unlock the true value of this Pennington gem today. Call Nathaniel Kennerdale on 0477 778 132 for more information.
Pennington is situated in the western suburbs of Adelaide and is located 12km north-west of Adelaide's central business district (CBD). Local schools include Mount Carmel College and Our Lady of Mount Carmel Parish School. Attractions nearby include the Award Winning Vietnam Restaurant and Viet Next Door restaurant, the Rosewater Football Club, Rosewater Bowling Club, fantastic parks & walking trails. Amenities include, Alberton IGA, Discount Pharmacy, Fish & Chip Shops, Rosewater Foodland, Grand Health Medical Clinic and many more. Minutes to the St Clair Shopping Complex boasts a variety of shops: Coles Supermarket; Liquorland; specialty shops, Michel's Patisserie; St Clair Chicken and Seafoods; Dhana Latchmi Indian Restaurant; Wok in a Box; Bakers Delight; Amcal Pharmacy; Sushi Train; Uniq Nails and Beauty; St Clair Newsagency; Hair Salon and Flight Centre, all this for your convenience.
***Regarding price. The property is being offered to the market by way of Auction. The vendors are not releasing a price guide to the market. The agent is not able to guide or influence the market in terms of price instead providing recent sales data for the area which is available upon request via email or at the open inspection***
"The vendor statement may be inspected at 129 Port Road, Queenstown for 3 consecutive days preceding the auction and at the auction for 30 minutes before it starts."
To place an offer on this property, please complete this Letter of Offer form https://forms.gle/WehvGVwwpn7gUvjQ7
Specifications:
CT / 5690/304
Council / Charles Sturt
Zoning / GN - General Neighbourhood
Built / 1955
Land / 725m2
Council Rates / $1,144.65pa
SA Water / $146.65pq
ES Levy / $130.10pa
Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
Listing description written by Nathaniel Kennerdale, Ray White Port Adelaide — reproduced as published, not verified by Districts.