Athelstone at a glance
10,003
People
$1,140,000
Median sale
$620/wk
Median rent
2.83%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
SA › Athelstone › Carolyn Grove
$944,000
Last sold
21 Nov 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
560 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
$944,000
21 Nov 2025 · derived via latest_sale
Local land rate: recorded House sales in Athelstone (last 5 years) with land size have a median of $1,667/m² of land (n=97). Districts calculation from recorded sales — not a valuation.
Athelstone at a glance
10,003
People
$1,140,000
Median sale
$620/wk
Median rent
2.83%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Vs Athelstone
-17.2%
Median sale
Suburb $1,140,000
+0.59 pp
Gross yield
Suburb 2.83%
Suburb median $1,140,000 from 35 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 $620/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
Athelstone at a glance
10,003
People
$1,140,000
Median sale
$620/wk
Median rent
2.83%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Noakes NickolasAuction on 21/11 at 6pm - Unless Sold Prior
An exciting opportunity to double your rental returns, accommodate multiple generations, or explore development potential has arrived on a prime corner allotment in Athelstone. Behind beautiful rose gardens and a charming red brick façade, this double brick circa 1977 residence has been cleverly updated to deliver contemporary comforts across two separate residences. Currently housing dual tenancies, the property achieves a combined rental income of approximately $740 per week, making it an ideal choice for investors seeking immediate returns or homeowners looking for flexible living arrangements.
The versatile four-bedroom residence is comprised of an independent apartment alongside a light-filled three-bedroom homette, complete with study. The investor will love the instant dual returns of two tenancies or perhaps you inhabit one premises and lease the other to take the heat out of your mortgage. Developers might see the potential in this pristine corner allotment for one or two new dwellings (Subject to Necessary Consents), and larger families may see the benefit in keeping older parents or studying adult children close to home.
Carolyn Grove offers so much to its residents, surrounded by grand green spaces and easy shopping convenience. You've Black Hill Conservation Park to your east, Linear Park reserves and trails immediately north, and beautiful Thorndon Park Reserve to your south, there's plenty to enjoy outdoors. Send the kids to St Ignatius College and get everything you need for the week-to-week shop along Gorge Road, with Westfield TTP due north for your more extravagant shopping needs.
Features
• Charming red brick façade on prime 585sqm approx. corner allotment with exciting potential (STNC)
• Independent apartment allows for dual rental return opportunity or flexibility for multi-generational households
• Extensive family accommodation with four bedrooms
• Renovated contemporary bathrooms and kitchens
• Ducted climate control, split system AC units and ceiling fans in place
• Dedicated study
• Secure carport with roller door
• Gas hot water system
Lifestyle
• Surrounded by local green spaces including River Drive Reserve, Thorndon Park Reserve and Black Hill Conservation Park
• Close to convenient everyday shopping at Athelstone Shopping Centre and Coles Dernancourt
• Local to Athelstone School & Preschool, Charles Campbell College and St Ignatius College
• Just under 10km to the CBD
Rates
• Council $450PA
• ES Levy $161.85PA
• City of Campbelltown
• Torrens Title
• Built 1977
Disclaimer at noakesnickolas.com.au/privacy-policy | RLA 315571
Listing description written by Paul Lukeman, Noakes Nickolas — reproduced as published, not verified by Districts.