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
$1,320,000
Last sold
9 Apr 2022
5
Bedrooms
2
Bathrooms
2
Car spaces
706 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
$1,320,000
9 Apr 2022 · derived via latest_sale
Local land rate: recorded House sales in Lower Mitcham (last 5 years) with land size have a median of $2,156/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
-16.9%
Median sale
Suburb $1,587,500
+0.40 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 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 $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.
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
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 OCSold at Auction
Rising to serve five bedrooms and multiple living areas is a robust family home your teens will love on an easy-to-manage parcel that ends with a fully-tiled in-ground pool. Three of those bedrooms and a retreat piece together an upper-level extension the kids will claim as their own. Call them down to a lower floor with expansive open-plan living, a granite-topped kitchen, formal lounge/sitting, large foyer/study, a master bedroom with ensuite, and a poolside alfresco pavilion - all wrapped up in a neatly presented, light-filled package. Just place your furniture and go.
You can go just about anywhere without a car, this close to public transport - taking you from leafy Lower Mitcham to the city or metro coast in under 20 minutes. Just a moment from Mitcham Square and Scotch and Mercedes Colleges, this is exactly where you're meant to be.
⁃ Very flexible floorplan, allowing you to call on the upper level only if/when you need to
⁃ Dishwasher and plenty of storage to kitchen
⁃ Storage galore, including built-in robes to all bedrooms
⁃ Split r/c, gas heater and ducted evaporative cooling
⁃ Large separate laundry
⁃ Stylish floating floors
⁃ Easy-care landscaped gardens with automatic watering system
⁃ Salt chlorinated pool
⁃ Large storage/garden shed
⁃ Positioned on a quiet, leafy street amongst other character homes
⁃ A total of four off-street parking spots, a lock-up carport with room for two cars, plus an additional two behind
⁃ Secure rear, perfect for pets and smaller children
⁃ A short stroll from Barrans Reserve
⁃ Zoned for Unley High School
Auction Live Streaming via GAVL - Ouwens Casserly clients have the opportunity to watch, bid, and buy via the property link below:
https://x5u9a.app.goo.gl/s2Nu
CT Reference - 5726/984
Council - City of Mitcham
Council Rates - $2,458.65pa approx.
SA Water Rates - $236.47pq approx.
Emergency Services Levy - $199.05pa approx.
Land Size - 706m² approx.
Year Built - 1950
Total Build area - 305m² approx.
OUWENS CASSERLY - MAKE IT HAPPEN™
RLA 286 513
Listing description written by Alistair Loudon, OC — reproduced as published, not verified by Districts.