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SA › Banksia Park › Musgrave Ave

2A Musgrave Ave, Banksia Park SA 5091

House

$875,000

Last sold

15 Aug 2024

4

Bedrooms

2

Bathrooms

3

Car spaces

537 m²

Land

154 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

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

Why this property?

  • FactLast recorded sale $875,000 (15 Aug 2024).(Recorded sale)
  • CalculationRecorded House sales in Banksia Park (last 5 years) with land size: median $876/m² of land (n=62). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No 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

$875,000

15 Aug 2024 · derived via latest_sale

Local land rate: recorded House sales in Banksia Park (last 5 years) with land size have a median of $876/m² of land (n=62). Districts calculation from recorded sales — not a valuation.

Banksia Park at a glance

3,397

People

$850,500

Median sale

$616/wk

Median rent

3.77%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Banksia Park report →

Vs Banksia Park

+2.9%

Median sale

Suburb $850,500

-0.11 pp

Gross yield

Suburb 3.77%

Suburb median $850,500 from 8 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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. Sold$875,00015 Aug 2024
  2. Listedprice unknowncompleted29 May 2024

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?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $616/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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • 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?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). 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

    Development applications have not been queried 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

Banksia Park in one glance

Banksia Park at a glance

3,397

People

$850,500

Median sale

$616/wk

Median rent

3.77%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Banksia Park report →

Keep researching

  • Why Banksia Park? Read the area thesis →
  • What else is on the market in Banksia Park →
  • Other records on Musgrave Ave →

Listing material

Listed by REAL Agents & Auctioneers

This home is simply the best...

Cos it's better than all the rest

What a beautiful and utterly stunning family home. Feature packed from front to back and side to side, a true pleasure to bring you this real estate masterpiece.

Built in 2010 with 3 traditional bedrooms all impressive in size, master has ensuite and walk in robe, bed 2 also has a walk in robe with bed 3 having a quality built in, bed 4 is currently set up as study/work from home space but could easily become that 4th bed if needed. Seperate great sized home theatre room with dual entry, really is a perfect space to crank the volume on your favourite movie or games, sure to impress.

Read the full description

Mouth watering kitchen has all the "I wants" loads of storage and bench space, gas, D/W and microwave shelf, kitchen looks out to the stunning outdoor area and overlooks the main modern and open plan family and meals main living area, it's a big and beautiful area sure to impress all those lucky enough to view, includes large display TV niche, L.E.D lighting and combustion heating with gorgeous large tiled floor coverings throughout all the main living and traffic areas which you are going to love.

Outside begins with stunning st presentation, easy care established gardens, rendered and includes a tiled verandah, dble (auto) gge under the main roof and the very very special secure shed/workshop having direct and easy driveway access, perfect for parking you're boat/caravan or work vehicle or to have as your very own huge games/rumpus area, an extremely versatile and impressive space and must be seen to be believed. Rear yard is private, fully established and feature packed starting with the mouth watering gabled entertaining space which can be easily combined with the dble gge to make one hell of a huge party area perfect for celebrating the biggest and best of occasions with you're favourites and loved ones all year round, or can even fit a 4th or 5th car securely if needed. There's also a toolshed/workshop ideal for hobbies and storage. Truly the whole backyard area is impressive and is just another reason why this home must be viewed.

Extra features:

-Solar power 7.5-8 KW 23 panels

-Formal entrance

-Security system

-Ceiling fans throughout

-Your very own meat smoker

-Garden shed

-Ducted cooling

-Ducted heating

-Dog kennel

-Outdoor blinds

-Extra storage

Located amongst other quality homes and completely spoiled for local amenities from schools, shops, public transport, parks to the local golf course, sporting oval and Anstey Hill walking trail is just up the road.

Hugely desirable property and I am presenting all offers, call me now to arrange a private viewing or come out to the next open home, will truly be an absolute honour to take you through this real estate masterpiece that truly is simply the best.

**DISCLAIMER*** Although the Agent has endeavoured to ensure the accuracy of the information contained within the marketing material we remind prospective purchasers to carry out their own due diligence and to not rely upon the information in this description. This description does not warrant that all features, improvements or appliances are in working order or have necessary approvals and the Agent advises all parties interested in the home to undertake their own investigations prior to purchase.

RLA 232366

Listing description written by David Smith, REAL Agents & Auctioneers — reproduced as published, not verified by Districts.

Also look at

Also for sale in Banksia Park

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  • 209 Hancock Rd, Banksia Park SA 5091

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  • 25A Grevillea Dr, Banksia Park SA 5091

    0-bed land for sale. Asking $460K.

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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.