Hope Valley at a glance
8,725
People
$901,000
Median sale
$568/wk
Median rent
3.28%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
SA › Hope Valley › Payne St
3
Bedrooms
4
Bathrooms
3
Car spaces
832 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Hope Valley (last 5 years) with land size have a median of $1,392/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Hope Valley at a glance
8,725
People
$901,000
Median sale
$568/wk
Median rent
3.28%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Planning
Planning scheme
Planning and Design Code
Zone
General Neighbourhood
GN
Jurisdiction
Tea Tree Gully
Tea Tree Gully, 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 General Neighbourhood · GN (Planning and Design Code). Official parcel area about 834 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 $568/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 General Neighbourhood · GN (Planning and Design Code). Official parcel area about 834 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 834 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
Hope Valley at a glance
8,725
People
$901,000
Median sale
$568/wk
Median rent
3.28%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Century 21 First Choice In Real EstateAUCTION CANCELLED
Take note Investors.
This offering presents an extremely rare opportunity for you to benefit from someone else's hard work and foresight, and the chance to enhance your self managed superannuation or property portfolio with a quality addition. The owner of this fantastic opportunity is reluctantly offering for sale the dream real estate project conceived and ultimately realized by her late husband.
The original plan was to source a large property on ample land which had to be well positioned in a good area. Next step was to create a long term rental investment that would produce an excellent income for many years with minimal input or expense overheads. Meanwhile the land the property stood on would inevitably increase in value over time. This dream became reality with the creation of this unique residential investment property comprising three dwellings in one.
Welcome to number 14 Payne St Hope Valley, a large 1960's dwelling on some 832 sqm (approx.) with over 49 metres of street frontage, and presently situated on a single Torrens title with zero easements. This original dwelling has been skilfully crafted into three independently leased dwellings (a,b & c), each with a wonderful long term tenant in place and an impressive combined rental income of $950 per week!
Dwelling (a) faces Crissoula Avenue and returns $315 per week, whilst (b & c) face onto Payne Street and return $405 and $230 per week respectively. Each property is understandably different, and each rent is based on a combination of bedroom, bathroom and kitchen (or kitchenette), laundry and parking arrangements available. Each "unit" having its own entry and exit.
Subject to consents of course, the land presents an excellent longer term development opportunity, being well positioned in what is regarded as an excellent leafy residential location just a five minute walk to popular Highbury Primary school in one direction, and five minutes the other way to Grand Junction road and the 556, 557 & 559 bus services that head to Tea Tree Plaza and the Adelaide CBD and beyond, as well as the AO4 to Adelaide oval service.
Do yourself a financial favour and run the numbers on your own price for this excellent investment. The vendor is serious about selling and will set a realistic reserve price should the property reach auction. Meanwhile feel free to make a sensible offer (under auction conditions) and it will be considered by the vendor any time prior to the 23rd of March. The property will be auctioned as planned at 2pm on the 28th of March on site unless an agreed price is achieved prior to the 23rd.
* Important notes for prospective purchasers
* Where measurements or land size are quoted, they are an approximation only and based upon land title information or third party measurement. You must make your own enquiries as to the accuracy of any measurements quoted. Century 21 First Choice In Real Estate does not guarantee the accuracy of quoted measurements. All development enquiries and site requirements should be directed to the appropriate local government authority.
* Unfortunately due to the difficulty in coordinating the needs of three tenants, the property can only be opened during advertised inspections. Please take this into account if you are genuinely interested in viewing this opportunity first hand.
* The Form 1 for the property is available and a copy can be requested with an email to the agent(s). Meanwhile feel free to ask appropriate questions (with the exception of price details) and we will do our best to provide answers efficiently. Price will be determined either by negotiation with a serious pre auction buyer, or otherwise throughout the marketing campaign where the vendor will be provided with feedback prior to setting a realistic reserve price for the auction.
Listing description written by Peter Paterson, Century 21 First Choice In Real Estate — reproduced as published, not verified by Districts.