Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
SA › Myrtle Bank › Palmer Ave
$2,360,000
Last sold
28 Mar 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
796 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
$2,360,000
28 Mar 2024 · derived via latest_sale
Local land rate: recorded House sales in Myrtle Bank (last 5 years) with land size have a median of $2,230/m² of land (n=32). Districts calculation from recorded sales — not a valuation.
Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Vs Myrtle Bank
+40.1%
Median sale
Suburb $1,685,000
-0.53 pp
Gross yield
Suburb 1.86%
Suburb median $1,685,000 from 9 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 $602/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
Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Fox Real EstatePhone for Inspection
This residence is a true statement, designed by the renowned David Fraser Architects group. Where natural timber and matte black finishes stylishly accentuate harmonious lines, creating a magnificent abode that integrates with its natural surroundings. The design is breathtaking, featuring a grand entrance, soaring ceiling heights, a statement staircase, strategically placed windows capturing panoramic views of Adelaide and the CBD lights, designer lighting indoors and outdoors, a Sonos Sound System, and a gas log fireplace.
Beyond its showcase appeal this home is a blend of form and function, offering a sanctuary for relaxation and the creation of lasting memories. Whether indulging in a captivating book by the fire, lounging by the poolside, engaging in a game of cricket on the verdant lawn, or mastering the culinary arts in the exquisitely appointed kitchen, this home caters to every facet of luxurious living.
The home comprises over two levels, with four expansive bedrooms, including a master suite on the ground floor and three spacious bedrooms on the upper level. Each bedroom is adorned with built-in robes. The beautifully appointed ensuite and main bathroom have floor-to-ceiling tiling, underfloor heating, frameless showers, and a luxe freestanding bath.
Every detail of this residence has been considered, resulting in an abode that exemplifies the pinnacle of luxury living.
Features:
Architectural design by David Fraser Architects
Master bedroom with ensuite & walk-in-robe
3m ceilings throughout the ground floor
Double glazed 2.7m high (approx.) commercial-grade windows & sliding doors
NEFF appliances including 2 x 600mm wall ovens, 900mm induction cooktop,
Fisher & Paykel double fridge & Vintec wine fridge
Outdoor kitchen featuring built-in Beefeater BBQ
Underfloor heating throughout two bathrooms
Heated freshwater pool
Secure garage for three cars
30kw Panasonic multi-head VRF Inverter air-conditioning systems with 7 control stations & 7 zone control stations
Fully landscaped front & rear yards with an automatic irrigation system
Reverse cycle air-conditioning
Built-in Sonos speakers in the living area, home theatre, master bedroom & alfresco
Council Rates | $4,225.70 pa
SA Water | $419.58 pq
ESL | $390.20 pa
Year Built | 2019
Are you thinking of purchasing this property as an investment? Speak with our Property Management team on how we can assist you.
All information provided (including but not limited to the property's land size, floor plan and floor size, building age and general property description) has been obtained from sources deemed reliable, however, we cannot guarantee the information is accurate and we accept no liability for any errors or oversights. Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement can be inspected at our office for 3 consecutive business days prior to the auction and at the auction for 30 minutes before it starts.
Listing description written by Andrew Fox, Fox Real Estate — reproduced as published, not verified by Districts.