Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
SA › Lower Mitcham › Verco Ave
$1,700,000
Last sold
16 May 2024
4
Bedrooms
4
Bathrooms
4
Car spaces
425 m²
Land
272 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
$1,700,000
16 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Lower Mitcham (last 5 years) with land size have a median of $2,097/m² of land (n=44). Districts calculation from recorded sales — not a valuation.
Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Lower Mitcham
+7.1%
Median sale
Suburb $1,587,500
-0.13 pp
Gross yield
Suburb 1.98%
Suburb median $1,587,500 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Planning and Design Code
Zone
General Neighbourhood
GN
Jurisdiction
Mitcham
Mitcham, SA
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
SAZoned General Neighbourhood · GN (Planning and Design Code). Official parcel area about 426 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Street frontage and true lot geometry are not confirmed without open cadastre. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $604/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned General Neighbourhood · GN (Planning and Design Code). Official parcel area about 426 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumNo material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Lower Mitcham at a glance
2,196
People
$1,587,500
Median sale
$604/wk
Median rent
1.98%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Raine & Horne UnleyExperience the pinnacle of modern luxury living in this architecturally crafted masterpiece, completed in 2022. This exceptional residence, boasting four bedrooms with ensuite bathrooms, seamlessly combines premium design, flawless craftsmanship, and an enviable location.
The contemporary allure of this dual-level property is evident from its breathtaking façade, exuding both elegance and comfort. Passing through the electric gate and high, private fence, a spacious driveway leads to the double remote lockup garage, while a feature front porch invites you to step inside and discover its wonders.
Upon entry, the soaring 3-meter ceilings create a sense of airiness, complemented by the inviting timber flooring throughout. Every detail has been meticulously considered, with standout features including:
An expansive open-plan living, dining, and kitchen area, designed as the heart of the home, complete with a striking fireplace feature wall.
The kitchen is a chef's delight, featuring 900mm Smeg stainless steel cooking appliances, a dishwasher, and luxurious 40mm waterfall stone benchtops, along with a convenient butler's pantry.
Step outside through sliding glass doors to the covered alfresco dining area, enhanced by deluxe café blinds, perfect for year-round enjoyment overlooking the lush backyard with low-maintenance landscaping.
A downstairs guest bedroom, or second master, boasting a generous walk-in robe and a sparkling ensuite bathroom with double vanity, toilet, and shower.
Additional downstairs amenities include a laundry and powder room.
Ascend the solid timber staircase to the upper level, where a carpeted rumpus area awaits.
Three spacious bedrooms on the upper level, including a master suite with a walk-in robe and ensuite featuring a separate tub and shower, while the other two bedrooms offer built-in robes and individual ensuite bathrooms.
Double glazed windows and Luxe plantation shutters throughout add both style and functionality.
With a security alarm system for peace of mind and remote-controlled Daikin air conditioning for year-round comfort.
Sitting on a 425 square-meter block and offering an expansive 272 square meters of living space, this residence enjoys a desirable location near Mitcham Square and Pasadena Green Shopping Centre, as well as schools, parks, amenities, and public transport options. Don't miss the opportunity to experience the charm and elegance of this exceptional home. Schedule your viewing today.
*Disclaimer: Neither the Agent nor the Vendor accepts any liability for any error or omission in this advertisement. Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and is advised to enquire directly with the agent to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
Listing description written by Jacky Yang, Raine & Horne Unley — reproduced as published, not verified by Districts.