Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
SA › Pennington › Addison Rd
$601,000
Last sold
28 Nov 2021
3
Bedrooms
1
Bathrooms
8
Car spaces
874 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
$601,000
28 Nov 2021 · derived via latest_sale
Local land rate: recorded House sales in Pennington (last 5 years) with land size have a median of $1,326/m² of land (n=39). Districts calculation from recorded sales — not a valuation.
Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Pennington
-37.4%
Median sale
Suburb $960,000
+1.87 pp
Gross yield
Suburb 3.11%
Suburb median $960,000 from 15 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 $575/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
UnknownArea
Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Jump PropertyRoll up your sleeves, call the surveyor, demolition contractor & your builder! A fabulous opportunity presents to secure this prime 874SQM allotment with a handsome 18.28 metre frontage zoned GN\ General Neighbourhood in the rapidly transforming suburb of Pennington.
Located in the Charles Sturt Council Area, close to ST Clair shopping centre & train station and the shopping & restaurant precincts of Woodville Road, Port Road and Addison Road.
Potentially sub-dividable subject to council & SAPPA consents and approvals, an opportunity presents itself to create 2 x homes or 2 x new Torrens Titled allotments (S.T.C.C) that would be 9m fronted and approximately 437 SQM each in area.
Located close to a range of public transport, shopping facilities, great range of schools, child care, hospital and medical facilities. The western suburbs are always in high demand for their proximity to our great beaches and the lifestyle of being part way between the city and the beach.
Being offered for sale for the first time in decades this property will be sold by auction; the home has had its best years and is tired but the prized land is a prime opportunity and urban renewal is the fabulous possibility we are proud to present to the market.
For those investor / developers make sure you save the auction date in your diaries as this property will be keenly contested.
Additional Information:
Water: $68.60 P/Q + usage extra
Sewer: $73.50 P/Q
Council: $1,138.05 P/A
ESL: $239.95 before any remissions or concessions area applied
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice. The Vendor's Statement (Form 1) may be inspected at 75 Henley Beach Road Mile End, Jump Property Management & Sales office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 260752
Call Kevin from Jump Property on 0432 375 216 (RLA260 752) today to find out more about this fabulous redevelopment opportunity on a big 874SQM block
** Details have been sourced in some instances from third party sources and it is recommended that you carry out your own due diligence, and consult your accountant as to the possible suitability of this property as part of an investment strategy **
Listing description written by Kevin Radloff, Jump Property — reproduced as published, not verified by Districts.
Nearby 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.