North Adelaide at a glance
7,519
People
$1,250,000
Median sale
$585/wk
Median rent
2.43%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
SA › North Adelaide › Sherwood Cl
$1,290,000
Last sold
11 Feb 2026
3
Bedrooms
2
Bathrooms
1
Car spaces
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
$1,290,000
11 Feb 2026 · derived via latest_sale
North Adelaide at a glance
7,519
People
$1,250,000
Median sale
$585/wk
Median rent
2.43%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs North Adelaide
+3.2%
Median sale
Suburb $1,250,000
-0.07 pp
Gross yield
Suburb 2.43%
Suburb median $1,250,000 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Planning and Design Code
Zone
Business Neighbourhood
BN
Jurisdiction
Adelaide
Adelaide, SA
22023334
Demolish front façade of existing office building, undertake internal and external alterations including construction of 3 level extension fronting Melbourne Street, with shop and install advertisements
Under Assessment · Lodged 26 July 2022
Council site report23006380
Variation of DA 22023334 -Demolish front façade of existing office building, undertake internal and external alterations including construction of 3 level extension fronting Melbourne Street, with shop and install advertisements VARIATION - Remove third level and relocation of lift/stair core and tenancy at ground
Decision Made · Lodged 14 Mar 2023
Council site reportSource
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 Business Neighbourhood · BN (Planning and Design Code). Official parcel area about 158 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. 2 development applications on this parcel. Code Assessed - Performance Assessed (Under Assessment); Code Assessed - Performance Assessed (Decision Made) Latest lodgement recorded 2022-07-26. These are this lot’s applications, not the neighbourhood pipeline. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $585/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.
4 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned Business Neighbourhood · BN (Planning and Design Code). Official parcel area about 158 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
Knownmedium2 development applications on this parcel. Code Assessed - Performance Assessed (Under Assessment); Code Assessed - Performance Assessed (Decision Made) Latest lodgement recorded 2022-07-26. These are this lot’s applications, not the neighbourhood pipeline.
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
North Adelaide at a glance
7,519
People
$1,250,000
Median sale
$585/wk
Median rent
2.43%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Stadium Real EstateDUE TO THE HOT WEATHER FORECAST FOR THIS COMING LONG WEEKEND WE WILL ONLY BE ACCOMMODATING PRIVATE VIEWINGS BY APPOINTMENT FRIDAY, SATURDAY, SUNDAY AND MONDAY - PLEASE CALL RACHEL TO BOOK 0428 882 864
A few words from our vendor:
"I have loved this home - it's an amazingly quiet sanctuary tucked away right in the middle of the great village atmosphere of North Adelaide Melbourne Street precinct. To stroll to any number of cafes or restaurants, or one of the three friendly pubs, catch a show at the riverside festival centre, walk in the university parklands and sit by the river, catch a game at the iconic Oval, spend an afternoon at the botanical gardens - all within walking distance of 'home' is just fabulous. I know all the locals, and businesses and the neighbours, including the professor's rooms and Ahrens head office nearby and they are lovely. We have a brilliant local pharmacist, great jeweller has moved into the area, local doctor, post office so helpful, all kinds of fitness studios - and fantastic coffee everywhere! And it is such a safe area and so well serviced. I walk into the city centre or jump on the city loop bus. I love the spaces in the townhouse itself… the thick walls, parquetry floors, high ceilings and spacious rooms call for chandeliers and silk curtains, Pierre de Ronsard roses and wine and cheese and homegrown olives in the courtyard! The layout of the townhouse means that family and visitors are easily accommodated. Work wise, the quietness and birdsong means working from home is a delight - and coming home always an oasis. It's a hidden gem I'm so glad I found."
Stadium is pleased to present a stunning dual-level, three-bedroom Torrens Title townhouse located in a small, private group in highly sought-after North Adelaide.
This property offers an incredible lifestyle, positioned within easy walking distance of Adelaide Oval, the social precinct of Melbourne Street, and the iconic O'Connell Street, which is home to some of Adelaide's best eateries.
Key Features Include:
• Premium Location: Zoned for Adelaide and Botanic High School, a short walk to the city, with direct free transport options available. Conveniently close to the Uni Loop, parklands, shops, cafes, and pubs.
• Ground Floor: Features a spacious, open-plan kitchen, dining, and living area that overlooks a beautiful private courtyard. The kitchen provides ample storage and access to the laundry and a downstairs water closet.
• Upper Floor: Includes three large bedrooms. The master suite overlooks the back courtyard with a small terrace, a walk-in robes, a study, and a private ensuite. Bedrooms 2 and 3 offer views of the front courtyard; Bedroom 3 features French doors opening to a private terrace, and Bedroom 2 has a built-in robe. Both bedrooms share a family bathroom with a large vanity, bath, separate shower, and skylight.
• Magnificent plantation shutters throughout
Additional Amenities:
• Ducted reverse cycle air conditioning.
• Single garage with direct internal access.
• Under-stair storage.
• Water-efficient fixtures and fittings.
• Good security features.
This townhouse is an ideal opportunity for investors, those looking to downsize, or buyers wanting access to desired school zones.
To take advantage of this efficiently designed home in a premier location, please contact me immediately.
For further information please contact Rachel Lawrie 0428 882 864
RLA 281212
Listing description written by Rachel Lawrie, Stadium Real Estate — reproduced as published, not verified by Districts.
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