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.
SA › Modbury Heights › Shortridge St
$712,000
Last sold
26 July 2023
3
Bedrooms
1
Bathrooms
1
Car spaces
698 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
$712,000
26 July 2023 · derived via latest_sale
Local land rate: recorded House sales in Modbury Heights (last 5 years) with land size have a median of $1,272/m² of land (n=108). Districts calculation from recorded sales — not a valuation.
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.
Vs Modbury Heights
-21.8%
Median sale
Suburb $910,000
+0.94 pp
Gross yield
Suburb 3.41%
Suburb median $910,000 from 33 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 $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.
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
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.
Listing material
Listed by Harris Real Estate Kent TownConveniently located arm's reach to all the north-east has to offer including a short walk to local schools and a stone's throw to the bustling TTP, this neat and tidy 3-bedroom family home will pique the interest of a range of would-be buyers, and for good reason.
With three good-sized bedrooms and a free-flowing footprint that sees an open-plan living and dining carry through to the practical kitchen and casual sitting area – there's family-friendly charm here that'll let you enjoy whipping-up delicious nightly meals for the kids as well as host friends for weekend get-togethers. A sunbathed backyard with huge lawn space tee's up easy outdoor fun too whether it's letting the kids play, family dog roam or firing up the barbeque for picture-perfect afternoons.
But the real drawcard here is the short and long-term potential. Set on a spacious 698m2 corner block, the opportunity to secure such excellent size to one day renovate, rebuild or subdivide in a pocket of the north-east that continues to thrive deserves every thought, wish and consideration (STCC). Whether you continue to see out the current lease and even extend it, are a first-time buyer and move straight in, or a developer eager to start fresh and open the door to a new generation – options are plenty and so too is the exciting scope!
Features you'll love:
- Light-filled and generous lounge and dining area with durable floating floors and wide windows with front garden views
- Functional kitchen with good bench top space, stainless appliances and just a comfortable conversation away from the casual sitting area, friends dining or kids relaxing in the lounge
- 3 good-sized bedrooms, two with ceiling fans and BIRs
- Light and bright bathroom, functional laundry, split-system AC in dining and electric wall heater in casual sitting
- Huge sunny backyard with great lawn space for plenty of outdoor play
- Large front yard, secure carport and generous garage/shed
- Wonderfully versatile 698m2 (approx.) corner block inviting a range of rebuild, redesign or subdevelopment potential (subject to council conditions)
- Excellent rental investment and currently tenanted until (January 2024)
- A short stroll to the Heights Primary and High School for easy morning commutes
- Close to leafy parks and reserves for plenty of outdoor adventure
- A quick 8-minutes to Tea Tree Plaza for unrivalled café, shopping and entertaining options
Specifications:
CT / 5287/884
Council / Tea Tree Gully
Zoning / GN
Built / 1979
Land / 698m2
Lease Agreement / Fixed lease of $440pw until 19/01/2024
Council Rates / $1,644.70pa (approx)
Emergency Services Levy / $128.60pa (approx)
SA Water / $154.02pq (approx)
Estimated rental assessment: $540 - $560 p/w (Written rental assessment can be provided upon request)
Nearby Schools / The Heights School, East Para P.S, Modbury West School
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409
Listing description written by Clinton Nguyen, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.