Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
NSW › Melrose Park › Wharf Rd
For sale
For sale
0
Bedrooms
1
Bathrooms
0
Car spaces
45 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
Asking
No recorded sale price for this property yet.
Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 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
NSWPlanning 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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $775/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Frankada Property GroupLocated just inland from Parramatta River in Melrose Park, this unique studio is an investor's dream opportunity. With a plethora of buses on the doorstep of the apartment, traveling to Ryde, Parramatta, City CBD, Auburn and Eastwood is a breeze; with night services to Parramatta and City CBD ensuring this ease of transport continues during the night.
Additionally, a short walk to local cafes and restaurants enables residents to enjoy the vibrant lifestyle on offer at Melrose Park, aided by its proximity to Ryde Parramatta Golf Club, Lockyer Reserve and Cowell's lane Tennis Courts.
Within its cosy, air-conditioned interior, the full complement of European kitchen appliances accentuate the sleek stone benchtops and built-in oven and fridge. The tiled flooring leads onto a fully enclosed winter garden, which can serve as a personal office or multipurpose room. Additionally, its low maintenance provides the perfect abode for busy professionals and couples.
Features
- In built oven, microwave and fridge
- North-west facing sunroom/winter garden
- Separate laundry room
- Storage cage in basement level
- Built in storage wardrobes
- Plethora of transport options to Ryde, Eastwood, Parramatta and the CBD
- High rental yield for investors
Approximate Outgoings:
Council Rate: $316 p.q.
Water Rate: $190 p.q.
Strata Levies: $463 p.q.
Disclaimer: Frankada Property Group has no reason to doubt the accuracy of the property information provided. We request that at all times you inspect the property and make & rely upon your own enquiries.
Listing description written by Yiran Zeng, Frankada Property Group — reproduced as published, not verified by Districts.