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SA › Balhannah › Greenhill Rd

2429A Greenhill Rd, Balhannah SA 5242

Rural Property

5

Bedrooms

4

Bathrooms

22

Car spaces

593,000 m²

Land

492 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • CalculationLand 593,000 m² against a 492 m² dwelling — the land is most of what is being bought.(Districts calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.
  • FactZoned Productive Rural Landscape (PRuL) under the Planning and Design Code.(Location SA · 31 Aug 2026)

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. 1No 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

What this lot has actually traded at

Last sold

No recorded sale price for this property yet.

Balhannah at a glance

1,815

People

$1,015,000

Median sale

$608/wk

Median rent

3.11%

Suburb gross yield

Median sale from 7 recorded sales (last 12 months) — a Districts calculation.

See the full Balhannah report →

Planning

Planning and development

Planning scheme

Planning and Design Code

Zone

Productive Rural Landscape

PRuL

Jurisdiction

Adelaide Hills

Adelaide Hills, SA

Planning overlays

  • Data unavailable

Development activity

Data unavailable

Source

  • Provider: Location SA
  • Dataset: Planning and Design Code Zones
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 5676404008

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. Soldprice unknown17 Feb 2026
  2. Listedprice unknowncompleted29 Jan 2026
  3. Listedprice unknowncompleted29 Jan 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?

Confidence: low

Zoned Productive Rural Landscape · PRuL (Planning and Design Code). Official parcel area about 16,101 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $608/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

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

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.

3 of 10 questions answered so far

  • Development optionality of this lot

    Knownlow

    Zoned Productive Rural Landscape · PRuL (Planning and Design Code). Official parcel area about 16,101 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

    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?

    Knownmedium

    Official parcel about 16,101 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

    Unknown

    Flood overlay has not been queried for this lot. 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

    No DA adapter returned applications 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

Balhannah in one glance

Balhannah at a glance

1,815

People

$1,015,000

Median sale

$608/wk

Median rent

3.11%

Suburb gross yield

Median sale from 7 recorded sales (last 12 months) — a Districts calculation.

See the full Balhannah report →

Keep researching

  • Why Balhannah? Read the area thesis →
  • What else is on the market in Balhannah →
  • Other records on Greenhill Rd →

Listing material

Listed by Harcourts Adelaide Hills

Sold By Harcourts Adelaide Hills!

Observation Hill - A Private Ridge. A Singular Residence. A View Without Equal.

Commanding its own elevated ridgeline in the Adelaide Hills, this extraordinary estate offers a level of privacy, scale and outlook rarely achieved and almost never repeated. From dawn's first light rolling across the valley to sunsets that ignite the horizon, the views are vast, uninterrupted and profoundly moving. A home of such presence and outlook that it naturally draws you in to pause.

Designed with architectural intent and finished to exacting standards, the residence fuses European elegance with contemporary Australian luxury. Warm terracotta hues, wide oak flooring and soaring ceilings create a refined yet grounded atmosphere, while modern comforts including double glazing, underfloor heating in bathrooms and zoned living ensure effortless year-round living.

Read the full description

The master suite is a retreat of true distinction. Positioned to capture panoramic views from morning to night, it is complemented by a luxurious ensuite with a deep bath, a sauna and outdoor hot tub with exceptional countryside views right outside its doors; a level of indulgence more commonly found in the world's finest resorts. This is a space designed for restoration, reflection and calm.

Multiple wings provide exceptional flexibility, allowing the home to adapt seamlessly to family living, multigenerational arrangements or long-term guests all without compromise to privacy or flow. Every living space is sun-filled, generous and deliberately oriented to celebrate the landscape beyond.

Outdoors, the 146 acre estate unfolds beautifully. A resort-style pool sits against an endless Hills backdrop, while sheltered terraces and an outdoor kitchen invite long lunches, evening gatherings and quiet moments alike. A grass tennis court playing host to family fun whether that be tennis or parties - this list is endless. The grounds are curated for privacy, ease and elegant entertaining.

For local buyers, this is elevated Hills living just minutes from Balhannah, Hahndorf, Stirling and an easy drive to Adelaide via the SE freeway or Greenhill Road.

For interstate and international purchasers, it represents the quintessential Australian lifestyle: wine country, space, security, natural beauty and international airport access within 40 minutes.

Some homes impress. A rare few transform how you live. This is one of them.

Watch the video for the full experience.

Further features include;

Water:

- Water License - 255166 8,995Kl taking per annum from the Western Mount Lofty Ranges

- 2x 50,000L Rainwater tanks

- 2x 34,400 Firewater tanks

- Rainwater plumbed to house

- 6 Dams

- Water troughs

- Equipped bore with 30,000 litre tank, dedicated to irrigation

Residence:

- Built in 2015 with master suite extension in 2020

- Built through Hughes Construction

- Built with Stone & Hebel

- Insulated to both ceilings and walls

- Septic system

- Instant gas hot water

- Ducted reverse cycle air conditioning

- Ceiling fans

- 3.3-3.9m ceiling heights

- Double glazing throughout

- French Oblica hanging fireplace

- Underfloor heating in bathrooms

- Timber engineered oak flooring in main living

- Tiles in bathrooms, carpet in bedrooms

- Ceaserstone kitchen island with stainless steel benchtops

- Bora Cooktop with low profile integrated extractor, Miele double oven & combination microwave

- Internet is Telstra

- 15.4kw solar panel system extended in 2021

- Mains power and 3 phase power to house and shed

- Outdoor kitchen completed in 2020

- Outside Hot tub extension completed in 2022

- Steel frame shed on concrete base 30m x 12m x 2m

- Rooftop fire sprinkler system, remote operation

Gardens:

- Extensive plantings and landscaping with automated watering system throughout lawns, gardens, vegetable beds.

- Stone firepit with breathtaking, far reaching views

- Pool is solar heated & salt chlorinated 12 x 4m

- 2 sets of Solid Oregon electric gates to top and bottom of bitumen driveway with remote entry

Paddocks:

- Post & Rail fencing around house, gardens, entrance and driveway.

- Electric plain wire fencing to paddocks, barb ringlock to boundary fencing

- Grass tennis court

- Cattle yards

- 7 individual paddocks, 6 dams and 2 troughs ensure all paddocks have a water source and enable easy cattle management. Capacity to run 50 Black Angus breeders and progeny.

Listing description written by Kim Shorland, Harcourts Adelaide Hills — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 2
  • Toilets: 4
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.