Athelstone at a glance
10,003
People
$1,140,000
Median sale
$620/wk
Median rent
2.83%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
SA › Athelstone › Greenbank Rd
$1,000,000
Last sold
19 Feb 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
945 m²
Land
229 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
$1,000,000
19 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Athelstone (last 5 years) with land size have a median of $1,681/m² of land (n=97). Districts calculation from recorded sales — not a valuation.
Athelstone at a glance
10,003
People
$1,140,000
Median sale
$620/wk
Median rent
2.83%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Vs Athelstone
-12.3%
Median sale
Suburb $1,140,000
+0.39 pp
Gross yield
Suburb 2.83%
Suburb median $1,140,000 from 35 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Planning and Design Code
Zone
General Neighbourhood
GN
Jurisdiction
Campbelltown (SA)
Campbelltown (SA), 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 946 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 $620/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 946 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 946 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
Athelstone at a glance
10,003
People
$1,140,000
Median sale
$620/wk
Median rent
2.83%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Real Simple Real EstateReal Simple Real Estate is proud to present 24 Greenbank Rd Athelstone to market!
A rare and exciting opportunity is on offer to secure this well-maintained, solid brick, 1960's Hickinbotham-built family home, proudly positioned on a generous 944m² (approx.) allotment in the heart of tightly held Athelstone convenient and tightly held pockets.
Presented in tidy original condition, the home offers a rare combination of honesty, character, and future potential. With polished floorboards throughout, an abundance of natural light from large windows, a combustion heater, and the bonus of an ensuite bathroom/laundry, the property is comfortable and liveable as is — yet primed for transformation.
This home has been thoughtfully designed to offer multiple year-round living and entertaining options, with a natural flow from the internal living spaces to the impressive outdoor entertaining areas, all framed by beautifully established gardens.
Inside, polished floorboards run throughout the home, while large windows flood the interiors with natural light. The spacious lounge is warmed by an Eureka slow-combustion heater, creating a cosy central living zone, while the dining area and additional sunroom/second living space provide flexibility for families of all stages.
The master bedroom suite is privately positioned at the rear of the home, featuring French doors opening to the garden, quality Western Red Cedar blinds, built-in robe, ceiling fan and adjacent ensuite. Bedrooms two, three and four are all well sized with built-in robes, with bedroom four also offering built-in bookcase shelving — ideal for a home office or study.
The kitchen is clean, practical and overlooks the rear garden, complete with breakfast bar, large pantry and gas cooktop, with convenient servery access to the adjoining sunroom and outdoor entertaining areas.
Step outside and you’ll find a home that truly embraces outdoor living. A large undercover entertaining area, open patio space, mature fruit trees, space for vegetable gardens create a private and functional backyard oasis. Additional features include a fully powered workshop, secure garage, garden shed, pop-up sprinklers, alarm system, gas instant hot water and a 1.5kW solar system.
Perfectly positioned amongst other quality homes, the location offers the best of lifestyle and convenience. Enjoy walking distance to Athelstone Shopping Centre, public transport and Saint Ignatius’ College, with easy access to Linear Park, Black Hill Conservation Park, Thorndon Park Reserve and surrounding walking trails. All this, while being approximately 13.6km from Adelaide’s CBD.
The true value lies in its versatility. This property will appeal to a wide range of buyers, including:
*Owner-occupiers looking to renovate, extend or modernise over time
*Families wanting to secure a large block and build their dream home (subject to council consent)
*Developers seeking a knock-down rebuild opportunity (STCC)
*Investors chasing a quality land-banking opportunity in a high-growth location
*Buyers who simply want to move in and enjoy the home in its current condition
Properties offering this combination of land size, condition, and flexibility are increasingly hard to find.
Solid. Spacious. Exceptionally versatile.
Opportunities like this are becoming increasingly rare.
Call or text Karina your local sales specialist on 0433458616 for any questions about this property!
Listing description written by Karina Highman, Real Simple Real Estate — reproduced as published, not verified by Districts.