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SA › Modbury Heights › Kelly Rd

223A Kelly Rd, Modbury Heights SA 5092

For saleHouse for Sale

$589,000–$599,000

For sale

Asking range

2

Bedrooms

1

Bathrooms

1

Car spaces

274 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $589,000–$599,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $589,000–$599,000(Listing record · 30 June 2026)
  • FactLand 274 m²; no building size recorded.(Property record)
  • CalculationAsk is 35% below the Modbury Heights median recorded sale ($910,000, n=33, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Modbury Heights's advertised median rent ($596/wk), implied gross yield would be 5.26% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$589,000–$599,000

Asking range · $2,150/m² of land

No recorded sale for this property.

Modbury Heights at a glance

6,957

People

$910,000

Median sale

$596/wk

Median rent

3.41%

Suburb gross yield

Median sale from 33 recorded sales (last 12 months) — a Districts calculation.

See the full Modbury Heights report →

Vs Modbury Heights

-35.3%

Median sale

Suburb $910,000

+1.85 pp

Gross yield

Suburb 3.41%

Suburb median $910,000 from 33 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$589,000
Stamp Duty (South Australia)
$26,225
Transfer/Registration Fee
$6,023
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$624,948

$35,948 on top of the price (6.1% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Modbury Heights's advertised median rent — not a rent for this listing.

Net yield
3.76%
Annual cashflow (pre-tax)
$-8,471
Interest cover (DSCR)
0.72
Annual rent
$30,992
Operating expenses
$8,835
Loan amount
$471,200
Annual interest
$30,628
Gross yield
5.26%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$589,000–$599,000available30 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $596/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 5.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Modbury Heights in one glance

Modbury Heights at a glance

6,957

People

$910,000

Median sale

$596/wk

Median rent

3.41%

Suburb gross yield

Median sale from 33 recorded sales (last 12 months) — a Districts calculation.

See the full Modbury Heights report →

Keep researching

  • Why Modbury Heights? Read the area thesis →
  • What else is on the market in Modbury Heights →
  • Other records on Kelly Rd →

Listing material

Listed by Ray White Prospect

Updated, Easy-Care Property Near TTP on Parks Edge!

In the leafy, north-eastern pocket of Modbury Heights, this neatly updated two-bedroom homette delivers a fuss-free, move-in-ready lifestyle for downsizers, couples and first home buyers. Cared for and upgraded over recent years, it's a home where much of the work has already been done for you.

Behind tidy lawns and tall privacy plants, a neat homette welcomes you into a blend of floating flooring and a painted exposed brick feature wall with natural light from large windows in the front living and dining room, with a Rinnai split system A/C keeping the interior climate comfortable.

Through a classic arched doorway, the flow is seamless toward the kitchen; Blue marble-look laminate benchtops and a White tiled splashback house ample cabinetry and a Chef gas cooktop, oven, breakfast bar, with an internal laundry tucked neatly alongside.

Read the full description

Both bedrooms are well-sized and finished with plantation shutters, the master enjoying its own sliding built-in robe and a second Rinnai split system for added comfort. Servicing them is a fully tiled bathroom complete with a bathtub, a brand new shower screen and a vanity with a discreet concealed toilet.

In terms of exterior amentities, buyers will enjoy a paved and pergola-covered side courtyard with raised garden beds, as well as a paved, lawn rear yard with a small garden shed and single car carport in the front. The whole home is secure by fencing with pedestrian gate access to the rear from the front and striped exterior across the facade.

With a charming family friendly reserve and playground directly behind you and close proximity to Westfield Tea Tree

Plaza, welcome to a home of ease and convenience in a desirable northern postcode.

Additional features include:

• New Colorbond roof

• New plantation shutters in both bedrooms and roller blinds throughout

• Invisi-Gard security doors on the front and rear doors

• External access to the rear clothesline form the kitchen

• Close proximity to the O-Bahn busway & various local schools

• Nearby schools include: Modbury West School, Good Shepherd Lutheran School, East Para Primary School, Modbury School Preschool to year 7, The Heights School, Modbury High School, Valley View Secondary School, Para Hills High School, King's Baptist Grammar School

Disclaimer: Please note that all information provided for this property was obtained from sources we believe to be accurate. However, we cannot guarantee the information's accuracy and accept no liability for any errors or omissions, including (but not limited to) the property's land size, floor plans, dimensions, building size, building age, condition, or any other particulars. Interested parties should always make their own inquiries and obtain their own legal and financial advice. As much as we aim to have all details represented within this advertisement to be true and correct, it is the buyer's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.

Listing description written by Lawrence Cocca, Ray White Prospect — reproduced as published, not verified by Districts.

Property features

  • Secure Parking
  • Shed
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.