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 › Winston Ave
3
Bedrooms
1
Bathrooms
3
Car spaces
750 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
No recorded sale price for this property yet.
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.
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 Keeping It RealtyMichael and Christine Holowiecki of Keeping It Realty are proud to present this spacious 3 bedroom home, enviably positioned on a corner allotment of approximately 750sqm and situated only 9km from the CBD. Represented here is the perfect opportunity for re-development, renovation or extension (subject to council consents); with multiple opportunities to make use of the size and space in any number of interior and exterior updates and reconfigurations, whilst living centrally to Adelaide Universities, beaches, schools, and transport routes.
The entry of the home is directly into the generously sized lounge room which features a gas heater. All 3 bedrooms are carpeted and spacious with large floor-to-ceiling built-in robes. The classic design of this home means the main bedroom is accessed through the second bedroom; a configuration which could be cleverly reinvented by the avid renovator. Considerable storage is offered within the linen press in the laundry.
The bathroom is in impressive condition with room for the vanity, separate bath and shower, and toilet. This space would accomodate updated fixtures and amenities comfortably. Similarly; the large eat-in kitchen could be reconfigured within the afforded space and easily modernised.
Features of the home’s spacious exterior include: a compact garden shed, a 2-car carport and additional car space within a larger garage, and a large lawn area ideal for landscaping and styling to your taste. An undercover pergola joins the larger garage to a second living/entertainment area complete with bar, ceiling fan and heater.
The garage has the potential to be developed into an additional interior space; and depending on preference could be a workshop, games room or a retreat for the project or pastime of choice. One of the unique features of this property is its potential to accept the addition of another driveway from Winston Avenue (STCC); an option which may be of interest to the car enthusiast.
Multiple, easily-accessed transport routes run from Winston Avenue, Daws Road and Goodwood Road and there are multiple educational options in the close vicinity of this home, including Pasadena High School, Colonel Light Gardens Primary and Edwardstown Primary.
We’d love to meet and discuss your ideas for this excellently sized and located property; get in touch today.
For further information about this listing, please contact:
Christine Holowiecki on 0422 399 943 or Michael Holowiecki on 0404 833 919.
Note: when making a property enquiry please ensure that you provide a daytime phone number so that we can respond to you promptly.
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No liability for any error or omission in this advertisement is accepted by the agent or the vendor. It is not intended that prospective purchasers would rely exclusively on this advertisement or any other information provided by 3rd parties to confirm the details of the property or land listed. Confirmation of property or land details should be sourced via direct enquiry to the agent or through review of the completed Form 1 Vendor Statement which contains the Certificate of Title and local government details.
Listing description written by Christine Holowiecki, Keeping It Realty — reproduced as published, not verified by Districts.