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 › Morgan Ave
4
Bedrooms
2
Bathrooms
6
Car spaces
840 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 Ray White UnleyAuction Saturday 6th November 12:30pm
Introducing a masterpiece situated on a corner allotment offering 840 square metres (approximately), with an immaculately presented frontage featuring a superior garden, with flourishing hedges and plants.
Discover immediate space and bright living as you enter the home. The wide hallway leads to three large bedrooms. The luscious carpeted master bedroom holds a luxurious ensuite with floor to ceiling tiles, underfloor heating, heated towel rail, double vanities and twin showers.
Enter the light-filled open plan kitchen, dining and living area. You will love creating meals in the sparkling kitchen designed with stone benchtops, Euro stainless steel appliances and a massive 6 gas cooktop oven.
A large office space is available to accommodate the whole family and is perfectly placed between the second living area and the third bedroom for additional peace and quiet. The lavish main bathroom consists of floor to ceiling tiles, underfloor heating, a separate bathtub and double showerheads. The main bathroom includes laundry facilities.
You will love the spacious and stylish outdoor area, perfect for entertaining or a nice relaxing evening at home. Large doors lead to your entertaining haven. Presenting a large undercover pergola, with fans, heater, bar and bench space with a built-in sink.
Hear the sound of the peaceful koi pond filled with greenery and goldfish. And we won't forget to mention the large pool and spa located in the centre of the yard. A picture-perfect setting for those balmy nights with friends and family! To top it off, you will find a hidden garden, surrounded by palm trees. Including a separate rumpus room, that can be used as a games room or teenage retreat.
There is so much to love about this up and coming suburb. Take a stroll through the beautiful leafy streets and get your caffeine fix at one of the many great local cafes. Nearby public transport gives you easy access to the CBD, Flinders and Westfield Marion. You are surrounded by local shops and great schools.
More reasons to love this home:
- Ducted air conditioner and reverse cycle air conditioning in studio
- Gas heater in lounge room
- Master bedroom with luxurious ensuite
- Temperature controlled hot water system
- Skylights throughout main living areas
- Large kitchen with stone benchtops and Euro appliances
- Main bathroom with laundry facilities
- Bedrooms with built-in robes
- Study/office area
- Multiple living areas
- Separate rumpus room
- Large pergola with fans and heating
- Outdoor bar and built-in sink
- Koi pond with goldfish
- Swimming pool with solar heating and a gas heating spa
- Landscaped gardens with irrigation
- Rear access to carport and off-street parking
Listing description written by Robbie Smith, Ray White Unley — reproduced as published, not verified by Districts.