Banksia Park at a glance
3,397
People
$850,500
Median sale
$616/wk
Median rent
3.77%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
SA › Banksia Park › Launceston Ave
$525,000
Last sold
1 Apr 2022
3
Bedrooms
1
Bathrooms
1
Car spaces
700 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
$525,000
1 Apr 2022 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Banksia Park (last 5 years) with land size have a median of $878/m² of land (n=62). Districts calculation from recorded sales — not a valuation.
Banksia Park at a glance
3,397
People
$850,500
Median sale
$616/wk
Median rent
3.77%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
Vs Banksia Park
-38.3%
Median sale
Suburb $850,500
+2.33 pp
Gross yield
Suburb 3.77%
Suburb median $850,500 from 8 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 $616/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
Banksia Park at a glance
3,397
People
$850,500
Median sale
$616/wk
Median rent
3.77%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Tim Morris Real EstateTim Morris Real Estate excitedly present this brilliant property home with loads of features–a must to see for the astute investor, first home buyer or those simply looking to downsize.
This home has wonderful street appeal with its glass-fronted auditorium-style sunroom perfect for the indoor plant lover. The front of the home is secured with new remote-controlled electric gates for convenient access to park for up to 4 vehicles securely and gardens kept green with the convenient watering system.
Upon entering the home you'll be impressed with the open feel & views over the treetops from large deck perfect for relaxing with family or entertaining friends. The kitchen sharing the same view boasts gas cooking & new stainless-steel oven.
This home also boasts three spacious bedrooms with ceiling fans, beds 1 & 2 adorned with natural light through the large picture windows & feature BIRs. The centrally located bathroom offers a separate shower, bath & W/C.
Storage space is aplenty with hallway cupboards to accommodate all your linen and general storage needs & a huge space under the house for those larger items that need to be kept safe and dry.
Step outside & enjoy large lawns with enough space for your pets to run & children to play a game of backyard cricket. After you've finished store all toys and garden equipment in the handy garden shed.
From the roof enjoy energy efficiency with the 2KW solar system which can also save you money on your utility bills.
This location is second to none with convenient access to all amenities including Tee Tree Gully Golf Club, Banksia Park International High School, Saint Agnes Shopping Centre for your quick & convenience shopping & Westfield Tea Tree Plaza only 7 min drive to cater for your greater shopping needs.
This spectacular home has been presented to the market with all best & final offers being provided to the vendor before 3pm Monday 11 April 2022 (USP).
Hurry, opportunities like this don't come up that often & when they do they don't last long.
Other features you'll love about this home include: -
* New combustion heater
* Ducted evaporative cooling
* Under house storage
* Laundry with dedicated access to the rear yard
SPECIFICATIONS
Year Built: 1971
Land Size: 695sqm(approx)
Council Rates: $521.10pq
Water Rates: $68.60pq
ESL: $229.25pa
Expected Rental: $420.00pw
The accuracy of this information cannot be guaranteed & all interested parties should seek independent advice.
RLA 274675
Listing description written by Anthony Fonovic, Tim Morris Real Estate — reproduced as published, not verified by Districts.
Also look at
22 Condada Dr, Banksia Park SA 5091
3-bed house. Asking $880K–$920K.
1b Derwent Cres, Banksia Park SA 5091
4-bed house for sale. Asking $990K–$1.05M.
209 Hancock Rd, Banksia Park SA 5091
3-bed house. Currently listed.
25A Grevillea Dr, Banksia Park SA 5091
0-bed land for sale. Asking $460K.