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.
SA › Vale Park › Waterman Ave
3
Bedrooms
1
Bathrooms
2
Car spaces
693 m²
Land
190 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 NorwoodSet on a prized 693sqm parcel in one of Vale Park's most picturesque pockets, this all-original 1960s classic presents a rare opportunity rich with promise. Behind its timeless Basket Range stone façade, 3 Waterman Avenue reveals a light-filled lounge, generous casual meals and kitchen zone, and a familiar three-bedroom footprint-offering a solid foundation and an exciting future waiting to take shape.
Whether you're eyeing off a substantial block to build your dream home, exploring an in-demand subdivision (Subject To Council Consent), the scope here is undeniable. With a free-flowing, sun-splashed interior and enduring bones, this property delivers immediate appeal while underpinning strong long-term potential.
Then, the location completes the picture. Walk the kids to Vale Park Primary, enjoy easy access to parks, playgrounds, and the scenic River Torrens for evening strolls or weekend bike rides, and look forward to Walkerville Terrace becoming your go-to local strip for coffee, brunch, and shopping essentials. Add moments to Marden, Sefton, Firle Plaza, iconic Parade Norwood, and just an 8-minute commute to the CBD-and you have an address where lifestyle, land, and opportunity align beautifully.
FEATURES WE LOVE
• Generous 693sqm (approx.) allotment inviting exciting renovation, redesign, rebuild or subdivision potential (subject to council conditions)
• All-original 60s footprint + beautiful Basket Range stone façades
• Light-filled lounge with wide windows, ceiling fan + AC
• 3 bright + airy bedrooms, all enjoying ceiling fans + AC
• Spacious original kitchen + combined casual meals
• Central bathroom featuring separate shower/bath/WC
• Long driveway with carport expanding to an undercover entertaining area
• Secure garage/shed/workshop
LOCATION
• Footsteps from the scenic Linear Park/River Torrens inviting rejuvenating strolls + weekend rides
• A leisure stroll to Vale Park Primary, zoned for Marryatville High
• Easy reach to Walkerville Terrace shops + cafés, as well as moments to Marden Shopping Centre, Sefton Plaza, vibrant Prospect Road + Firle Plaza
• Under 10-minutes to the buzzing atmosphere of The Parade Norwood
• A brisk walk to Klemzig Interchange for hassle-free commutes to the CBD
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Norwood RLA 278530
Property Details:
Council | Walkerville
Zone | GN - General Neighbourhood
Land | 693sqm(Approx.)
House | 190sqm(Approx.)
Built | 1965
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa
Listing description written by Kieran Brown, Ray White Norwood — reproduced as published, not verified by Districts.