Payneham South at a glance
1,819
People
$1,330,000
Median sale
$572/wk
Median rent
2.24%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
SA › Payneham South › Coorara Ave
2
Bedrooms
1
Bathrooms
0
Car spaces
1,306 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 House sales in Payneham South (last 5 years) with land size have a median of $2,582/m² of land (n=16). Districts calculation from recorded sales — not a valuation.
Payneham South at a glance
1,819
People
$1,330,000
Median sale
$572/wk
Median rent
2.24%
Suburb gross yield
Median sale from 9 recorded sales (last 24 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 $572/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
Payneham South at a glance
1,819
People
$1,330,000
Median sale
$572/wk
Median rent
2.24%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Ray White NorwoodDiscreetly nestled amongst quality homes and larger allotments, this cosy sandstone fronted cottage is sited on a massive 1306m² (approx) allotment, and now prepares to enter a new evolutionary phase of urban renewal, with this valuable land holding being certainly destined for subdivision and redevelopment.
Make haste and explore the subdivision all possibilities that this large level block provides. The street frontage of 20.12m and a depth of 65.23m, the land will accommodate a variety of future use potentials, so get creative and do the maths and get ready to demolish, divide and develop!
Take advantage of government incentives with this rarely found large Torrens title allotment.
Build your dream home and one other or consider the possibilities of 2 or more brand-new homes.
A great location zoned to the desirable Trinity Gardens Primary School and within easy reach of local shopping, transport and reserves, only adds to the attractiveness of this generous holding.
Briefly:
* Sandstone fronted, solid brick cottage on massive level allotment
* Block size of 1306m² (approx)
* Street frontage of 20.12m
* Depth of 65.23m
* Potential to demolish, divide and develop 2 or more new homes
* Appealing North/South aspect
* Easy access to public transport
* Abundant local shopping is nearby
* Generous recreational reserves at your disposal
Marden Shopping Centre & Firle Shopping Centre are just up the road for your daily groceries and Portrush Road or Payneham Roads are available for public transport. The Payneham Oval is within walking distance for your daily exercise and recreation, along with the River Torrens Linear Park and the Payneham Swimming Centre.
The zoned Primary School is Trinity Gardens Primary School and the zoned secondary schools are Norwood Morialta Middle & High Schools.
Zoning information is obtained from www.education.sa.gov.au Purchasers are responsible for ensuring by independent verification its accuracy, currency or completeness.
Ray White Norwood are taking preventive measures for the health and safety of its clients and buyers entering any one of our properties. Please note that social distancing will be required at this open inspection.
Vendors Statement: The vendor's statement may be inspected at 249 Greenhill Road, Dulwich for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
RLA 278530
Property Details:
Council | Norwood Payneham & St Peter
Zone | R - Residential
Land | 1,306sqm(Approx.)
House | 87sqm(Approx.)
Built |1925
Council Rates | $2,051.78 pa
Water | $249.35 pq
ESL | $509 pa
Listing description written by Alex Diamond, Ray White Norwood — reproduced as published, not verified by Districts.