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 › Kingston Ave
$910,000
Last sold
27 Mar 2021
4
Bedrooms
2
Bathrooms
3
Car spaces
780 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
$910,000
27 Mar 2021 · 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
-20.9%
Median sale
Suburb $1,150,000
+0.69 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
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
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 OCAUCTION Sat 27 Mar at 2.30pm
The double brick bones were there. What became of this robust 1960s home - with stylish upgrades, a re-jigged footprint and up to four bedrooms - is even better than imagined on a quiet boulevard in ever-popular Melrose Park. Striking a rendered, classy figure from the street; what could pass for brand new gives a growing family multiple living zones, a head-turning monochromatic kitchen, two bathrooms, a surprise rear retreat, garaging for a car enthusiast, lawns, and plenty of room for a pool.
Just two kicks of the footy from Marion Street Reserve, leisure comes naturally to this surging suburb with easy reach to South Road's countless 'big name' stores, a range of quality schools, the metro coast, Westfield Marion, Flinders University and our fine city.
- Flawlessly presented inside and out
- Carport with room for two cars and drive-through access to solid, powered garage with large mechanic's pit/cellar
- Flexible, free-flowing floorplan with a total of three main living zones
- Updated kitchen includes a breakfast bar, pendant feature lighting, dishwasher, 900mm oven/gas cooktop, and hexagon feature tiling/splashbacks
- High (2.7m) ceilings above timber floors
- Contemporary lighting throughout, including striking LED strip pendant to casual meals zone
- Ducted reverse cycle heating and cooling throughout
- Loads of storage, including built-in robes to bedrooms 1, 2 and 3
- Separate laundry adjacent to second bathroom
- Covered alfresco entertaining adjacent to rear garage
- Beautifully presented landscaped gardens, fruit trees and new fencing
- Glazed windows
- New gas hot water system
- Just a short drive from Bunnings, JB Hi-Fi, Castle Plaza and more on South Road
- Walking distance from public transport
- Within 2kms of four schools, including Edwardstown Primary and St Therese's
CT Reference - 5237/602
Council Rates - $1,874.35 p/a
Land Size - 780sqm (approx)
Year Built - 1969
Total Build area - 300sqm (approx)
OUWENS CASSERLY - MAKE IT HAPPEN™
RLA 286513
Listing description written by Daniel Richardson, OC — reproduced as published, not verified by Districts.