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 › Brett St
$1,290,000
Last sold
8 Mar 2024
4
Bedrooms
3
Bathrooms
2
Car spaces
418 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
$1,290,000
8 Mar 2024 · derived via latest_sale
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $1,491/m² of land (n=45). 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
+12.2%
Median sale
Suburb $1,150,000
-0.28 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 First National Real Estate Lewis PriorFirst National Lewis Prior takes pride in presenting this property to the market.
Nestled along a picturesque jacaranda-lined street, this residence stands out as a testament to sophisticated living. Meticulously designed with street appeal in mind, the home boasts a striking facade featuring feature brick, an exposed aggregate driveway, and captivating feature lighting.
As you enter through the remote-controlled electric gate, the allure continues with seamless timber flooring throughout, providing a warm and inviting atmosphere. The grand oak staircase and feature oak double-width front door set the tone for the upscale design that awaits within.
The ground floor offers both functionality and style, featuring a dedicated office space with an abundance of natural light. The fourth bedroom, conveniently located opposite the downstairs bathroom, provides flexibility for various living arrangements. The spacious living and dining area seamlessly flows to the undercover alfresco, creating an ideal space for entertaining.
The heart of the home is undoubtedly the stylish chef's kitchen. Adorned with a waterfall stone benchtop, breakfast bar seating, and complemented by feature black tapware and strip lighting, it's a perfect setting for culinary enthusiasts. The Westinghouse appliances, including a 900mm gas cooktop, oven, and dishwasher, add both flair and practicality. A butler's pantry, complete with a fridge cavity (water provision) and built-in storage, enhances the kitchen's functionality.
Upstairs, a retreat awaits with three generously sized bedrooms, all equipped with built-in robes. A family bathroom, tiled and plumbed kitchenette, and a centrally located second living area add to the allure of the upper level. The main bedroom, with large windows providing a view of the Jacarandas, features oak timber paneling and a luxurious ensuite. The ensuite, adorned with floor-to-ceiling tiling, black accents, double basins, and a spacious shower, promises a pampering experience.
Beyond the property, the location adds to its appeal. Walking distance to Edwardstown Primary and zoned for the popular Unley High School and a short drive to Mitcham Girls High School, it offers educational convenience. Additionally, residents can enjoy easy shopping at Castle Plaza and explore specialty shops at Melrose Plaza. Head a short distance east and enjoy all Mitcham has to offer. Head west and find yourself at the white sands of Somerton Park.
Key Features:
- Double Glazing throughout.
- 3m Ceiling downstairs
- 2.7m Ceiling upstairs
- Wet bar with bar fridge provision upstairs
- Torrens Title
- 418m2 total land size
- Ducted (and zoned) R/C air conditioning
- Video (Wi-Fi) doorbell.
- Irrigated front gardens
- Electric gate
- Secure
- NBN Ready
- Gas point for BBQ
This residence represents a harmonious blend of modern aesthetics, practical design, and a convenient lifestyle. Don't miss the opportunity to call this exquisite property home.
We welcome your enquiry and encourage you to make a personal appointment to inspect this property at a time that suits you.
For more information on this property or to Find Out What Your Home Is Worth . . . FREE, please contact Paul Harris
Council Rates: $1,370.85 p.a
SA Water: $169.37 p.q.
ESL: $300.95 p.a.
Listing description written by Paul Harris, First National Real Estate Lewis Prior — reproduced as published, not verified by Districts.