Salisbury North at a glance
10,914
People
$700,000
Median sale
$532/wk
Median rent
3.95%
Suburb gross yield
Median sale from 77 recorded sales (last 12 months) — a Districts calculation.
SA › Salisbury North › Penong Cres
$806,000
Last sold
16 Feb 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
678 m²
Land
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
$806,000
16 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Salisbury North (last 5 years) with land size have a median of $1,117/m² of land (n=116). Districts calculation from recorded sales — not a valuation.
Salisbury North at a glance
10,914
People
$700,000
Median sale
$532/wk
Median rent
3.95%
Suburb gross yield
Median sale from 77 recorded sales (last 12 months) — a Districts calculation.
Vs Salisbury North
+15.1%
Median sale
Suburb $700,000
-0.52 pp
Gross yield
Suburb 3.95%
Suburb median $700,000 from 77 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Planning and Design Code
Zone
General Neighbourhood
GN
Jurisdiction
Salisbury
Salisbury, SA
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
SAZoned General Neighbourhood · GN (Planning and Design Code). Official parcel area about 680 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. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $532/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownlowZoned General Neighbourhood · GN (Planning and Design Code). Official parcel area about 680 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?
KnownmediumOfficial parcel about 680 m² — land size can look like optionality. No 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
UnknownNo DA adapter returned applications 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
Salisbury North at a glance
10,914
People
$700,000
Median sale
$532/wk
Median rent
3.95%
Suburb gross yield
Median sale from 77 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White SalisburyRay White Salisbury Is Proud To Present 23 Penong Crescent Salisbury North.
LOCATION
Nestled in a peaceful, family-friendly street, this property offers an ideal location for serene suburban living. Conveniently positioned near Waterloo Corner Road and Whites Road, this residence provides easy connections to inner Northern suburbs. Residents here benefit from an array of nearby amenities, including a selection of quality primary and secondary schools such as Lake Windemere School within walking distance, Salisbury North Primary School, Whites Road Medical Centre, Salisbury North Football Club, Parabanks Shopping Centre, playgrounds, and parks. Excellent public transport options are available, linking you seamlessly to Salisbury & Mawson Lakes Interchange, with travel time to the CBD less than 30 minutes away.
THE RESIDENCE
Positioned on a generous approx. 678sqm corner allotment, this solid 1976-built brick home presents an outstanding opportunity for families, investors, or developers seeking space, comfort and future potential in a convenient Salisbury North location.
Step inside and you're welcomed by a light-filled interior where polished timber floors, neutral tones and large windows create a warm and inviting atmosphere throughout. The spacious lounge offers the perfect place to relax, complete with heating and cooling for year-round comfort, while flowing seamlessly through to the open dining and kitchen zone.
The kitchen is practical and functional with ample bench space, gas cooking and excellent storage, overlooking the dining area - ideal for everyday family living or entertaining with ease.
Three well-proportioned bedrooms provide comfortable accommodation, each positioned privately away from the main living zones and serviced by a neat central bathroom with separate bath and shower.
Outdoors is where this property truly shines. The expansive backyard offers endless space for kids and pets to play, weekend entertaining, or future improvements. A large shed/garage and additional storage shed provide excellent versatility for tradies, hobbyists, or secure vehicle storage.
For buyers looking ahead, the wide corner allotment and generous dimensions open the door to exciting possibilities for subdivision or redevelopment (Subject To Council Consent), making this a smart long-term investment as well as a comfortable home today.
Conveniently located close to schools, parks, shopping centres and public transport, this is a property that delivers both lifestyle and growth potential.
Whether you're moving in, renting out, or developing - this is an opportunity not to be missed.
FEATURES
• Multiple Living Areas
• Polished Timber Flooring
• Additional Storage Sheds
• Three Bedroom Floorplan
• Solid 1976 Brick Residence
• Approx. 678sqm Allotment
• Family-Friendly Street Location
• Large Shed And Workshop Space
• Generous Backyard With Lawn Area
• Functional Kitchen And Dining Space
• Ideal For Families, Investors Or Developers
• Close To Schools, Shops, Parks And Transport
• Wide Allotment With Development Potential (STCC)
• Subdivision Or Redevelopment Opportunity (STCC)
Don't miss the opportunity to make this property yours, for all enquiries please contact Justin Irving.
Regarding price. The property is being offered to the market by way of Auction. We will supply recent sales data for the area which is available upon request via email or at the open inspection.
Disclaimer: Every care has been taken to verify the correctness of all details used in this advertisement. However, no warranty or representation is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for errors or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the contract of sale.
Listing description written by Jake Flavel, Ray White Salisbury — reproduced as published, not verified by Districts.
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