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 › Price St
$526,000
Last sold
19 May 2017
3
Bedrooms
2
Bathrooms
5
Car spaces
724 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
$526,000
19 May 2017 · 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
-54.3%
Median sale
Suburb $1,150,000
+3.11 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 Ray White UnleyBest Offers | Closing Tues 18th October @ 12 pm
Masterfully designed and faultlessly finished, no expense has been spared in this stunning 2019 renovation combining classic elegance with modern day luxury.
What begins with a classic sandstone facade behind a picture-perfect white picket fence, ends with a breathtaking extension, and the realisation that you've found something truly special in one of Adelaide's finest locales.
The functional layout offers three bedrooms and two impeccably-appointed bathrooms, plus a separate north facing living area situated at the front of the home. The stunning master suite boasts a ceiling fan, an expansive walk through robe and a stunning ensuite.
Bedrooms two and three are fitted with beautiful carpet, ceiling fans and high quality custom 2pac built-in wardrobes, serviced by the main bathroom complete with floor to ceiling tiles, a gorgeous free-standing stone bath, floating vanity, stone benchtop and a separate toilet.
Delve deeper and follow the beautiful hardwood flooring through to your entertaining mecca, bypassing the extensive linen storage and generous study nook.
The real show stopper of the home is right here, where the epic extension begins featuring lofty ceilings, headlined by not one, but three striking Velux skylights perfectly placed above the kitchen; where a combination of abundant natural light and dramatic room volume come together.
As practical as it is impressive, the large gourmet kitchen is fitted with a 900mm smeg oven with gas cooktop, a butler's pantry hiding behind the scenes and the stone island bench of your dreams. Immensely practical, the laundry sits adjacent with generous built-in storage.
Designed to perfection the large living area sits perfectly alongside the dining space, framed with large windows and natural light. You will be captivated by the timeless design thanks to the Venetian plaster feature wall, home to the stunning combustion heater allowing warmth to flow throughout.
Picturesque glass sliding doors allow a seamless transition from indoor to outdoor living and will soon be your favourite place to entertain your friends and family. The alfresco dining area is stunning in every respect and just gets better once eyes are in the designer outdoor kitchen.
Not to be outdone by the inside, the outdoor kitchen is handcrafted with a bespoke concrete bench top, BBQ, and pizza oven, all overlooking the grass area, bordered by landscaped gardens and mature hedging. There are lawns for children to run and play, space for a cubby, a home for pets and room for a veggie garden.
The garden is fully fenced, providing peace of mind for your fur friends and if you've got a trailer or a boat and need somewhere to store them all safely, the hunt stops now! This property offers secure parking for up to 4 vehicles and a lock-up garage; the final box ticked for that lifestyle you've been waiting for.
A home designed with space in mind, the storage will impress throughout. With the addition of ducted Panasonic 14kw heating and cooling in every room, fully irrigated lawn and garden areas and the highest quality fixtures and fittings.
Castle Plaza is within walking distance, including Coles, Target, Bunnings and Petbarn. You'll love joining the vibrant family-friendly community around Winston Avenue, with endless cafes to explore. As the little ones grow up, you're zoned to Unley High and have easy access to Scotch, Mercedes and Concordia College, Flinders University, and plenty of public transport to get them on their way.
Nailing all features and attention to detail, no stone has been left unturned in creating this modern masterpiece. The hard work has been done for you, a welcome relief in these times of high building costs and supply shortages; this is your chance to 'just move in' to your dream home!
More reasons to love this home:
- Torrens titled solid brick family home
- Perfectly landscaped front and rear gardens
- Recently painted walls and new hardwood floors
- Plantation shutters in front windows
- Two separate living areas at front and rear
- Designer kitchen with large stone benchtop
- Large butlers pantry with plentiful storage
- Ducted Panasonic 14kw heating and cooling
- Timber floorboards throughout hallway and living area
- Master bedroom with walk through robe & ensuite
- Carpet & custom 2 pac built-in robes in bedrooms 2 & 3
- Luxurious modern bathroom and ensuite
- Large laundry with built-in cabinetry
- Built-in study nook in bedroom and hallway
- Ceiling fans in all bedrooms and outdoor alfresco
- Mature hedging, fire pit and room for veggie garden
- Full irrigation system to lawn and all garden areas
- 6.6kw solar system with 20x 300w panels
- Carport under main roof with electric roller door
- Halfway between the city and the sea
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions.
Listing description written by Josh Gillespie, Ray White Unley — reproduced as published, not verified by Districts.
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