Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
SA › Lower Mitcham › Verco Ave
$686,000
Last sold
26 Aug 2017
3
Bedrooms
1
Bathrooms
0
Car spaces
818 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
$686,000
26 Aug 2017 · derived via latest_sale
Local land rate: recorded House sales in Lower Mitcham (last 5 years) with land size have a median of $2,156/m² of land (n=45). Districts calculation from recorded sales — not a valuation.
Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Lower Mitcham
-56.8%
Median sale
Suburb $1,587,500
+2.60 pp
Gross yield
Suburb 1.98%
Suburb median $1,587,500 from 10 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 $604/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harris Real Estate Kent TownDive deep into retro style and seduce this original rendition full swing into 2017. Timber, texture, stone, and terrazzo fight for supremacy in a three-bedroom home that deserves a second coming - that reflection of you staring back from a footprint of Jarrah and Baltic timbers floors.
Where the location is sound - or more correctly peaceful - a couple of gear changes from Mitcham Square, Unley Road, and some six short kilometres from the city.
Despite the tree lined avenue approach, you can't deny the mood-boosting Vitamin D saturation here. Had it not been for the pool, you'd get it anyway through the top to toe glazing front and rear.
Illuminated with garden views either side, open style living and dining kicks back with a stone fireplace hearth greeting a ready to evolve kitchen space. Timber as it stands, it shares a European laundry behind bi-folds - or is that a pantry conversion? You decide. While your front-facing master bedroom sits a swivel to the right of the entry hall.
A sunny cook's nook meets a central corridor, original bathroom, linen storage and two rear bedrooms capturing a sneak peek at the pool against one very intriguing rear studio prompting a plethora of creative uses...
A construction Frank Lloyd Wright would give the nod; angular windows and slanted roofline, store the pool gear or create a cabana - it's the framework of a family, future design.
Pet and child-friendly zones, lawns, and extensive paving complete a fully-fenced garden blending from front to back (such is the aspect of the block) while spring blossom, figs, and mandarins add taste to its touch of colour.
An inspiring home in an exciting inner-southern locale - grab gourmet to go, catch a flick, or drop the kids off to premier schools. The Belair train via Mitcham Station nearby zips you citybound in 15 minutes, according to the timetable.
A renovation contender, rental reward, or a captivating way to release your inner avant-garde - on Verco, it's a virtue.
We love:
- Some 800sqm plus of Lower Mitcham land
- 2.7m ceilings
- 9m x 3.5m (approx.) fully-fenced pool
- Fujitsu ducted R/C air conditioning
- Original terrazzo bathroom
- Built-ins to all 3 bedrooms
- Single carport & driveway parking
- Barran's Reserve with playground at Wattlebury Street end
- Close to Mitcham Girls, Scotch College & Walford Schools
- Shop Mitcham Village en route to Unley Road
Specifications:
CT / 6013/913
Council / City of Mitcham
Zoning / R(CP)'8
Built / 1957
Land / 818m2
Frontage / 22.86m
The accuracy of this information cannot be guaranteed and all interested parties should seek independent advice. Should this property be scheduled for auction the vendor's statement may be inspected at any Harris Real Estate office - for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
Listing description written by Sam Auld, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.