Mclaren Flat at a glance
1,673
People
$1,055,000
Median sale
$621/wk
Median rent
3.06%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
SA › Mclaren Flat › Kangarilla Rd
4
Bedrooms
3
Bathrooms
0
Car spaces
22,662.396 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
No recorded sale price for this property yet.
Local land rate: recorded Rural Property sales in Mclaren Flat (last 5 years) with land size have a median of $37/m² of land (n=7). Districts calculation from recorded sales — not a valuation.
Mclaren Flat at a glance
1,673
People
$1,055,000
Median sale
$621/wk
Median rent
3.06%
Suburb gross yield
Median sale from 9 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 $621/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. 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
Mclaren Flat at a glance
1,673
People
$1,055,000
Median sale
$621/wk
Median rent
3.06%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Southgate Real Estate McLaren Vale / MoanaThe Cottage, The Chapel, The Gallery; three very unique dwellings with their own story to tell, a combined history of drawing holiday makers from near & far, & a pine forest like no other at their feet on some 5 picturesque acres.
Welcome to Bella Cosa; your rare chance to claim an instant income & three homes-in-one on the beautiful doorstep of D'arenberg, Wirra Wirra, Coriole & many more of the cellar doors that put McLaren Vale on the world map.
Each with their own quirks & backstory, all fully equipped & self-contained. How you manage these fully furnished, ready-to-go homes is up to you.
Live in one & manage the other two on AirBnB & booking.com or stay where you are & control it all remotely; the options are plenty on a property with the added bonus of a hobby vineyard & striking art sculptures.
Truth is; it's hard to pick a favourite. The Cottage carries that old-world charm that a character home should. With its cathedral ceilings, mezzanine bedroom & pool, The Chapel is truly unique.
And, thanks to a modern bathroom with a freestanding tub & big, green view; The Gallery adds a bit of luxury to this versatile equation.
Since 2017, it's all added up to yearly income growth, tipping the scales of $100,000 in 2019, making this a sound business opportunity in its own right.
The Cottage
2 bedroom built in circa 1920's.
Courtyard area with BBQ, Slow wood combustion fireplace, reverse cycle split air con, ceiling fans electric oven, gas hot water.
The Chapel
Built in 2004 – 1 bedroom on Mezzaine level.
Split system r/c air conditioner, gas hotplates, electric hot water, ceiling fan.
Salt chlorinated swimming pool.
The Gallery
1 bedroom built in 2004 fully refurbished in 2017.
Gas log fireplace, reverse cycle split air con, gas hot plate, gas hot water, electric oven, free-standing bath, double shower, double vanity.
Background - The current owners purchased the property in May 2015. Prior to settlement the three buildings on the property had been used as a cellar door/coffee shop, primary residence & B&B.
The current owners renovated the B&B building (The Cottage) including the installation of a new bathroom, made several cosmetic updates to the residence (The Chapel) & opened both buildings to B&B guests from July 2015.
Development Approval was obtained in January 2017 to renovate the cellar door/coffee shop building. That building was gutted & transformed into what is now The Gallery B&B. The works conducted extended beyond that internal redesign & included the installation of a 20,000 rain water tank, fire hoses & other substantial upgrades to meet the BAL 19 requirements. The Gallery welcomed its first B&B guests in June 2017.
Extensive landscaping works were carried out at the property in 2019 including the removal of several large trees & large scale clearing around the three buildings.
Operational Information - All three buildings, The Cottage, The Chapel & The Gallery, are currently being rented out as B&B accommodation. The overwhelming majority of bookings are made via the internet (approx 90%) through on-line distributors Booking.com & Expedia, AirBnB & own website.
Future Bookings
Based on their experience the current owners estimate that the majority of bookings are made 4-6 weeks in advance. Bookings made beyond this time frame are unusual. Conversely, a high number of last minute (within the next week) bookings are the norm.
Visitors are starting to return to the area as COVID-19 restrictions are being lifted. The removal of South Australia's quarantine requirement for interstate travellers on 20 July 2020 is encouraging.
The value of future bookings as from 12 July 2020 (as at 10 July 2020) is $12,625.
For Sale
This exciting property is being offered for sale by expressions of interest as a going concern on a walk in walk out basis.
For more details & to register your interest please contact
Mike Cross 0438 323 933
Disclaimer:
The information contained in this document is provided as an aid to further investigation. Information in this document may have been provided to
Southgate Real Estate by other people and therefore we do not warrant that it is accurate or correct. All figures quoted are approximations only. Independent
parties should make their own enquiries and seek independent advice before acting.
Listing description written by Mike Cross, Southgate Real Estate McLaren Vale / Moana — reproduced as published, not verified by Districts.