Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
SA › Somerton Park › Oaklands Rd
$500,550
For sale
Asking
2
Bedrooms
1
Bathrooms
1
Car spaces
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
Asking
$500,550
Asking
No recorded sale for this property.
Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Vs Somerton Park
-76.9%
Median sale
Suburb $2,170,000
+4.48 pp
Gross yield
Suburb 1.34%
Suburb median $2,170,000 from 40 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$30,243 on top of the price (6.0% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Somerton Park's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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 $560/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.
Gross yield if leased at the suburb aggregate is 5.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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
Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Noakes NickolasBest Offers By 31/8 at 1pm - Unless Sold Prior.
Positioned on the upper level of a well-established group, this neatly presented two-bedroom unit delivers an easy-care lifestyle in a location that keeps the coast, shopping and everyday essentials within easy reach.
Inside, a practical floorplan separates the two bedrooms from the main living spaces, with a generous living room opening directly to the private balcony. The updated kitchen offers clean contemporary finishes alongside an induction cooktop, oven, rangehood and dishwasher, while ducted air conditioning provides comfort throughout the seasons.
Both bedrooms are well proportioned, with built-in storage to the second bedroom, while the central bathroom incorporates laundry facilities for added practicality. Laminate flooring, carpeted bedrooms and neutral interiors complete a home that feels bright, comfortable and ready to enjoy.
With a designated car park and low-maintenance strata living, the property presents an appealing opportunity for first-home buyers, downsizers and investors alike. Built in 1972 and set within a group of 16, it offers a straightforward lifestyle in one of Adelaide's sought-after coastal suburbs.
Features
• Two well-proportioned bedrooms
• Built-in wardrobe to bedroom two
• Spacious separate living room
• Private balcony extending from the living area
• Updated kitchen with laminate benchtops
• Induction cooktop, oven, rangehood and dishwasher
• Central bathroom with integrated laundry facilities
• Two additional storage cupboards within the bathroom
• Ducted air conditioning
• Laminate flooring with carpet to the bedrooms
• NBN connectivity
• Gas hot water system
• Designated car park
• Brick construction with tiled roof
• Strata-titled property within a group of 16
• Built in 1972
Lifestyle
• Enjoy the relaxed coastal lifestyle Somerton Park is known for
• Within easy reach of the beach and neighbouring Glenelg and Brighton precincts
• Convenient access to local shopping, cafés, dining and everyday amenities
• Well positioned for public transport and straightforward access to surrounding suburbs
• Zoned for Brighton Secondary School, Paringa Park Primary School among the nearby schooling options
• An appealing location for first-home buyers, downsizers and investors seeking lifestyle and convenience
Rates
• Council $1403.85PA
• SA Water $249.80PQ
• ES Levy $96.50PA
• Strata $613PQ
• Strata Manager Whittles
• City of Holdfast Bay
• Strata Title
• Year Built 1972
Disclaimer at noakesnickolas.com.au/privacy-policy/ | RLA 315571
Listing description written by Jack Helms, Noakes Nickolas — reproduced as published, not verified by Districts.