Happy Valley at a glance
12,016
People
$865,250
Median sale
$637/wk
Median rent
3.83%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
SA › Happy Valley › Merrivale Dr
$745,000
Last sold
25 Sept 2023
3
Bedrooms
2
Bathrooms
2
Car spaces
668 m²
Land
152 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
$745,000
25 Sept 2023 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Happy Valley (last 5 years) with land size have a median of $1,025/m² of land (n=159). Districts calculation from recorded sales — not a valuation.
Happy Valley at a glance
12,016
People
$865,250
Median sale
$637/wk
Median rent
3.83%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Vs Happy Valley
-13.9%
Median sale
Suburb $865,250
+0.62 pp
Gross yield
Suburb 3.83%
Suburb median $865,250 from 12 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 $637/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
Happy Valley at a glance
12,016
People
$865,250
Median sale
$637/wk
Median rent
3.83%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Magain Real EstatePlease contact Danielle Comer or Rachael Farror for viewing times.
Currently tenanted for $430 per week until the 26th April 2022.
Situated on an elevated allotment in a private, and quiet street with gorgeous curb-side appeal and beautiful views of rolling hills, you will be sure to put this Happy Valley winner at the very top of your list. Surrounded by local schools, shops and public transport options, it's a fantastic opportunity for investors and those wishing to move into this popular location.
A spacious and light filled lounge room laden with beautiful tiled floors welcomes you at the front of the home, followed by a beautifully appointed kitchen with neutral toned cabinetry featuring quality appliances including two drawer dishwasher and built in oven plus the added convenience of looking over a handy meals and second living area. With ducted reverse cycle heating and cooling, life will be comfortable throughout the seasons.
The front positioned master bedroom features both a built in robe and walk in robe, plus ensuite, while bedrooms two and three and found just off the main living and are complete with built in robes and easy access to the sophisticated three-way main bathroom that will be sure to impress, while an adjacent linen press provides valuable extra storage space.
Externally the property will wow you, the beautifully landscaped great size yard leaves nothing for you to do, lending itself to hours of fun for the children and pets, sit back and relax under the paved pitched roof entertaining area and watch them explore, the ceiling fans and blinds making sure it's a space to entertain family and friends year round. You also have the rare bonus of rear access through secure gates off of Chandlers Hills Road.
Features we love include: side by side single garage and carport with roller doors, with direct internal access, a rain water tank and a small sheds.
A stone's throw away from the fantastic Happy Valley Shopping Centre, as well as being so close to local schools, and public transport, you'll need to get in quick as an opportunity to own a home at such an affordable price in one of the South's most popular locations won't last long!
All floorplans, 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.
Listing description written by Danielle Comer, Magain Real Estate — reproduced as published, not verified by Districts.