Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
SA › Melrose Park › Ayers Ave
$700,000
Last sold
3 Feb 2018
4
Bedrooms
2
Bathrooms
5
Car spaces
677 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
$700,000
3 Feb 2018 · derived via latest_sale
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $1,494/m² of land (n=46). Districts calculation from recorded sales — not a valuation.
Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Melrose Park
-39.1%
Median sale
Suburb $1,150,000
+1.69 pp
Gross yield
Suburb 2.62%
Suburb median $1,150,000 from 17 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 $580/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
Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harris Real Estate Daw ParkThis gorgeous 3/4 bedroom solid brick home was lovingly built in 1957 and stylishly extended by the original builder's grand-daughter in 2013. Set on a 677sqm and orientated toward capturing the northern aspect in the living areas, this corner block with side street access has been thoughtfully renovated and updated for you to move in and simply enjoy.
This is truly a home for the astute buyers who have an eye for detail and know quality when they see it. We have no doubt this home will tick many of your boxes and more. Here are just a few of the things you really should know:
Daikin reverse cycle ducted air conditioning
Polished floor boards
All windows /external doors uPVC European, double glazed for thermal and noise efficiency. Windows tilt and turn casements. Design also references the typical wooden frames of the era, but no maintenance!
Luxaflex Blinds throughout the home (only the best)
Fully retractable insect screen doors to the kitchen French doors
Billi water filter tap to sink
Insinkerator (Iarge size)
Single Carport with extra height for caravan
Single Garage with pit
New switch board and wiring throughout
NBN connectivity
2010 new back fences
Completely new gutters and eaves
Roof re-pointed in October 2017
2 rainwater tanks
The entrance hall has polished timber floors, is light and airy and leads to the front living area with large picture windows at either end, capturing the light and providing wonderful views over the established gardens. This elegant room with 9ft ceilings has a working fire place with stunning art deco mirror over the mantel and is open plan leading into both the kitchen and dining area.
The formal dining, currently used as a music room and sunroom is the perfect place for unwinding and getting lost in a good book or savouring the evening light whilst enjoying a Barossa Red or Adelaide Hills Pinot.
The home itself with the 2013 extension is thoughtfully designed with a versatile floor plan catering for multi-generational families, work from home families or simply those who like a little extra space to spread out.
At the front of the home is the master bedroom, second bedroom and main bathroom with bath and shower. Whilst the extension features a huge 3rd bedroom and the option of a 4th or second separate living room, as well a large second bathroom and laundry. This area is fully self-contained with its own separate entrance and reverse cycle split system for year round comfort.
In the heart of the home and what is truly the hub is the gorgeous Simpson kitchen with Caesar stone bench tops, soft close doors, and subway tile splash back. It also boasts ceramic stove top, electric oven, bosh dishwasher, double sink and the French doors overlook the beautiful backyard with manicured garden oasis and outdoor entertaining.
With off-street parking for a couple of cars and the boat or caravan you also have a fully lined powered shed and workshop and council approval for a brand new 7mx8m garage.
The beautiful front manicured gardens have underground irrigation with timer and the property is fully fenced for the pets and kids and features a 2017 bush fence with local artisan handmade gates.
The location of course is sensational, with local tennis courts just around corner, great schools within easy access and shopping - well there's simply too much choice. Castle Plaza is a short walk and even quicker drive, whilst Westfield Marion and Mitcham Shopping centre are both within easy access.
Adelaide University, Flinders University and Uni SA are all under 10-15 minutes' drive, as is our international airport and our beautiful beaches at Brighton and Glenelg. Even better you're on the right side of town for a quick drive to Victor Harbor, Port Elliott and Middleton via the South-Eastern Freeway on the weekend.
Walk to multiple public transport options on South Rd, Edward St or Winston Ave. See the latest movie at the Wallis Cinemas at Mitcham Square or treat yourselves to some great dining at the Edinburgh, The Torrens Arms, Stamps Restaurant or head to Goodwood Rd, King William and Unley Roads for many of their great restaurants and cafes nearby.
For school, the kids can walk to the local Edwardstown Primary School, however you are also only a short drive to the esteemed colleges of Westminster, Mercedes and Scotch College, Cabra College and so many more of Adelaide terrific private schools.
What an outstanding opportunity to acquire the perfect family home, in an idyllic location and what is fast becoming one of Adelaide's hot spots. Do not miss your opportunity to secure this truly magnificent property. Contact Simon Tanner today on 0402 29 27 25.
Specifications:
CT / 5672/30
Council / City of Mitcham
Zoning / R(CP)- Residential (Central Plains)/8
Built / 1960
Floor Area/ 168sqm
Land / 677sqm (Approx.)
Council Rates / $1,499 p.a.
ES Levy / $279 p.a.
S.A. Water/ $73.10 p.q.
Sewer/ $128 p.q.
Listing description written by Simon Tanner, Harris Real Estate Daw Park — 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.