Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
SA › Myrtle Bank › Palmer Ave
$1,009,000
Last sold
25 Aug 2018
4
Bedrooms
2
Bathrooms
1
Car spaces
804 m²
Land
189 m²
Building
Districts View
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
$1,009,000
25 Aug 2018 · derived via latest_sale
Local land rate: recorded House sales in Myrtle Bank (last 5 years) with land size have a median of $2,240/m² of land (n=33). Districts calculation from recorded sales — not a valuation.
Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Vs Myrtle Bank
-40.1%
Median sale
Suburb $1,685,000
+1.24 pp
Gross yield
Suburb 1.86%
Suburb median $1,685,000 from 9 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 $602/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
Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Klemich Real Estate Henley BeachA gorgeous family home situated on an attractive 804sqm approx. allotment is presented to the market for the first time in 35 years. Lovingly cared for and updated over the years, homes of this caliber don't last long. Ticking the boxes for multiple buyers due to its location, offering and size, be sure to inspect and admire this 93 year old charming home.
Main home:
-Warm and inviting lounge room with feature fireplace overlooking front native garden
-Spacious main bedroom with charming window seat and garden outlook
-Second double bedroom to front half of home
-Light filled bathroom with sunken bath, shower, WC and vanity
-Contemporary 'By Urban' kitchen with long island bench with granite top, gas cooktop, electric oven and dishwasher ideally designed for family gatherings and entertaining
-Large sitting room with feature fireplace containing a gas heater, with double doors opening to lounge and kitchen
-Designated dining area with large windows to allow the northern light to stream in and to admire the bountiful garden
-Recently renovated 'By Urban' second bathroom with shower, vanity and modern tones
-Bedrooms three and four to rear of home
-Second WC
-Walk through laundry with direct access outside
Additional features we love:
-Undercover parking for one car, off street parking for two more
-Fantastic covered entertaining area for enjoyment throughout all seasons
-Lock up shedding for the tools
-2.5kw solar panels
-Ducted evaporative air conditioning throughout
-Built in robes to all bedrooms
-Wonderful original character features throughout including decorative ceilings, timber flooring, fret work, and picture rails
-Rainwater tanks totalling approximately 9,000L used for the garden
-Lovely garden setting with natives, vegetable patch and fruit trees
-Zoned for Highgate and Glen Osmond Primary School, as well as Unley High School
-Ideally located in Myrtle Bank close to local shops, supermarkets, parks and transport arterials
Specifications:
CT | 5327 | 325
Council | City of Unley
Zoning | RA560
Built | 1925
Internal | 189sqm
Land | 804sqm
Council Rates | $2,146.10/annum
ES Levy | $481.40/annum
SA Water | $280.67/quarter
Listing description written by Sam George, Klemich Real Estate Henley Beach — reproduced as published, not verified by Districts.