Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
SA › Somerton Park › Bond St
$1,700,000
Last sold
12 Nov 2022
4
Bedrooms
2
Bathrooms
4
Car spaces
696 m²
Land
314 m²
Building
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
$1,700,000
12 Nov 2022 · derived via latest_sale
Local land rate: recorded House sales in Somerton Park (last 5 years) with land size have a median of $4,146/m² of land (n=77). Districts calculation from recorded sales — not a valuation.
Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Vs Somerton Park
-21.7%
Median sale
Suburb $2,170,000
+0.37 pp
Gross yield
Suburb 1.34%
Suburb median $2,170,000 from 40 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 $560/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
Somerton Park at a glance
6,466
People
$2,170,000
Median sale
$560/wk
Median rent
1.34%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Magain Real EstateFor more information or to register your interest contact Josh Morrison.
Auction (Unless Sold Prior) Price Guide $1.65m
This beautiful family home in the heart of Somerton park is set in a quiet street and is sure to impress with its fully enclosed tranquil front yard, impressively spacious rooms and 3 meter ceilings.
The wow factor continues as you enter the hallway and the large fourth bedroom or formal lounge with double entry doors. The flexible floor plan flows through to another two bedrooms with built in robes and access to their own bathroom. The master suite has a large walk in robe that any fashion connoisseur would be proud of and ensuite with large shower and dual sinks. French doors lead out onto the back yard so you can enjoy breakfast in bed on a lazy morning and listen to the sounds of the local wildlife.
The extensive family room has to be seen to be believed, the kitchen has plentiful storage with a supersized butlers pantry, an abundance of drawers, stone feature breakfast bar, double sink, built in SMEG microwave, SMEG 900mm free standing oven and large 6 burner gas top, Miele dishwasher and built in fridge cabinetry. The huge adjacent dining and lounge both have instant access to the large outdoor alfresco entertaining with built in barbecue and the bi-fold doors easily create that indoor/outdoor feeling. With outdoor ceiling fan, heaters and built in barbecue this home is an all year round entertainers paradise.
There is a dedicated office for those working from home, plus a large powder room and laundry with outside access.
The low maintenance yard still has room for pets and children and a fenced off spa where you can relax after a hard day. A generous double garage with built in storage and convenient internal access, ceilings fans, display niches, built in sound system, reverse cycle air conditioning and large solar power system make this impressive home a great place to settle down.
The home is only 10 minutes walk to the beach and close to many restaurants and cafes so you can easily leave the car at home. All your shopping needs are covered with either the Glenelg South precinct or Westfield Marion and transport links that lead straight into the heart of the Adelaide CBD make the City commute a breeze. For families, you will be located with the zone for quality schools including Paringa Park Primary School and Brighton Secondary School, or walking distance to St Peters Woodlands Primary School or Sacred Heart High School, means you are truly set in a lifestyle location. This is an opportunity you do not want to miss!
What we love:
- Large rooms
- Abundance of storage
- Home office set up
- European appliances
- 3 meter high ceilings
- 2.5 baths
- Alfresco entertaining
- Solar system
- Quiet street
- 10 minutes walk to the beach
- Close proximity to Restaurants and Cafes
- Easy City commute
- Zoned Brighton High
All offers that are submitted prior to the auction will still be under auction conditions. It is the purchaser's responsibility to seek legal advice and arrange for a Form 3 to waive their cooling off rights.
This property is being auctioned in line with the current Real Estate legislation. We can provide recent sales in the area to help you with your research.
The vendor's statement will be available to inspect at our office, 3/670 Anzac Highway, Glenelg East, for the three consecutive business days immediately prior to the auction; and on site, 30 minutes beforehand.
All floor plans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate and details intended to be relied upon should be independently verified. (RLA 310071)
Listing description written by Josh Morrison, Magain Real Estate — reproduced as published, not verified by Districts.