Morphett Vale at a glance
24,888
People
$795,000
Median sale
$566/wk
Median rent
3.70%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
SA › Morphett Vale › Warwick Grove
$525,000
Last sold
5 Apr 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
705 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
5 Apr 2024 · derived via latest_sale
Local land rate: recorded House sales in Morphett Vale (last 5 years) with land size have a median of $1,066/m² of land (n=144). Districts calculation from recorded sales — not a valuation.
Morphett Vale at a glance
24,888
People
$795,000
Median sale
$566/wk
Median rent
3.70%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Morphett Vale
-34.0%
Median sale
Suburb $795,000
+1.91 pp
Gross yield
Suburb 3.70%
Suburb median $795,000 from 7 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 $566/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
UnknownArea
Morphett Vale at a glance
24,888
People
$795,000
Median sale
$566/wk
Median rent
3.70%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Magain Real EstatePlease contact Craig Thomson and Andrew Robey from Magain Real Estate for all your property advice.
Welcome to an exciting opportunity for renovation enthusiasts and investors alike. This 3-bedroom, 1-bathroom property presents itself as a blank canvas, brimming with untapped potential and waiting to be transformed into a stunning living space. Nestled in Morphett Vale, this property offers the promise of customization and modernization, making it an ideal investment for those with a vision for revitalization.
One of the standout features of this property is its substantial land size, boasting an impressive 705m2 . The large block presents a multitude of opportunities for potential buyers and investors, enhancing the property's overall value and appeal in several significant ways:
Privacy and Space: The generous land size affords privacy and space, creating a peaceful and secluded environment for residents. With plenty of room for landscaping and greenery, homeowners can create their own private oasis, complete with gardens, lawns, and large backyard, perfect for relaxation and entertainment.
Expansion and Development Potential: With ample space available, the property offers the opportunity for expansion or development projects. Whether it's adding extensions to the existing structure, creating outdoor amenities, or even subdividing the land for additional properties, the large block provides flexibility for creative endeavors and future growth.
Future Investment Opportunities: In the ever-evolving real estate market, properties with large land parcels tend to appreciate in value over time. The 705m2 block not only enhances the current value of the property but also presents promising investment opportunities for the future. As demand for land increases, particularly in desirable locations, the potential for capital growth becomes increasingly favorable.
In conclusion, this 3-bedroom, 1-bathroom property offers a rare opportunity to embark on a renovation journey and breathe new life into a classic home. With its spacious layout, and potential for enhancements, it stands as a testament to the transformative power of vision and creativity in real estate. Seize the opportunity to reimagine this property and create a timeless masterpiece that reflects your unique style and aspirations.
All floor plans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate and details intended to be relied upon should be independently verified. (RLA 222182)
Listing description written by Craig Thomson, Magain Real Estate — reproduced as published, not verified by Districts.
Nearby 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.