Vale Park at a glance
2,529
People
$1,340,000
Median sale
$640/wk
Median rent
2.48%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
4
Bedrooms
1
Bathrooms
4
Car spaces
740 m²
Land
233 m²
Building
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Vale Park (last 5 years) with land size have a median of $1,955/m² of land (n=43). Districts calculation from recorded sales — not a valuation.
Vale Park at a glance
2,529
People
$1,340,000
Median sale
$640/wk
Median rent
2.48%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
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 $640/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
Vale Park at a glance
2,529
People
$1,340,000
Median sale
$640/wk
Median rent
2.48%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White NorwoodQuietly nestled on a generous 740 sqm allotment, this 1963 constructed, solid brick home offers a unique opportunity budget conscious buyers to enter the market and secure spacious home along with a large landholding. Developers will certainly be doing their maths to decide whether this one is ready to subdivide now or to hold and wait.
The home boasts 4 generous bedrooms across a 7 main room design, all 4 bedrooms feature split system air conditioners. Currently utilised as student accommodation, the home presents an attractive income stream that will certainly entice any would be investors.
A bright modern kitchen provides a great area for your creative cooking. A servery window to the living room and adjacent dining room provide a seamless social integration. Enjoy the contemporary amenities including stainless steel stove and range hood, crisp white cabinetry, double sink with filtered water, generous pantry, heaps of cupboard space and sleek tiled splashbacks.
Relax at the end of the day in a spacious and bright living room where's crisp floating floors, exposed beams and fresh neutral tones provide the ambience while a slow combustion heater and split system air conditioner ensure your year-round comfort.
A two-car carport with roller door will accommodates the family vehicles plus there is a drive-through functionality to an oversize single galvanised iron garage/workshop.
All nestled in a generous allotment with so much scope for any future improvements, the home is bound to appeal to budget home buyers right through to seasoned investors.
Briefly:
* Solid brick home on generous 740sqm allotment
* Great opportunity for budget conscious home buyers, seasoned investors and developers with a future vision
* 4 generous bedrooms, all of good proportion, all with split system air conditioner's
* Bedrooms 2 & 3 with ceiling fans
* Bedroom 3 with built-in robes
* Currently configured as student accommodation
* Generous living room with slow combustion heater, split system air conditioner, crisp floating floors and exposed beams
* Servery window from kitchen to living room
* Spacious dining room adjacent modern kitchen
* Kitchen offers stainless steel stove and range hood, crisp white cabinetry, double sink with filtered water, generous pantry, heaps of cupboard space and sleek tiled splashbacks
* Bright and appealing main bathroom with adjacent separate shower and laundry
* Two car carport with roller door
* Galvanised iron garage/workshop
* Large rear yard with ample room for future extensions
* Great opportunity for home buyers, investors and developers
* Newly installed solar 6.6kW
Centrally located with public transport only a short walk away and several parks, reserves and playgrounds within easy reach, including the River Torrens Linear Reserve, with its bike and walking trails.
Marden & Gilles Plains Shopping Centres are within easy reach, as are the speciality shops of North East Road and the designer shopping of the city.
The zoned primary school is Vale Park Primary School, while the zoned high school is Charles Campbell College. Quality private education can be found locally at St Andrews, St Monikas, St Josephs, Wilderness School & Marden Senior College.
Zoning information is obtained from www.education.sa.gov.au Purchasers are responsible for ensuring by independent verification its accuracy, currency or completeness.
Property Details:
Council | Walkerville
Zone | GN - General Neighbourhood
Land | 740 sqm(Approx.)
House | 233 sqm(Approx.)
Built | 1963
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pq
Ray White Norwood are taking preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing will be required at this open inspection.
Vendors Statement: The vendor's statement may be inspected at 249 Greenhill Road, Dulwich for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
RLA 278530
Listing description written by David Upadhyay, Ray White Norwood — reproduced as published, not verified by Districts.