Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
SA › Myrtle Bank › Barr Smith Ave
$1,035,000
Last sold
14 Oct 2017
3
Bedrooms
1
Bathrooms
0
Car spaces
994 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
$1,035,000
14 Oct 2017 · derived via latest_sale
Local land rate: recorded House sales in Myrtle Bank (last 5 years) with land size have a median of $2,240/m² of land (n=33). Districts calculation from recorded sales — not a valuation.
Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Vs Myrtle Bank
-38.6%
Median sale
Suburb $1,685,000
+1.16 pp
Gross yield
Suburb 1.86%
Suburb median $1,685,000 from 9 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 $602/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
Myrtle Bank at a glance
3,239
People
$1,685,000
Median sale
$602/wk
Median rent
1.86%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gary J Smith Real Estate GlenelgAuction Location: On Site.
Accommodation
This classical circa 1900 sandstone fronted Villa is situated on a mammoth 994sqm allotment with an approximate 21.29m frontage. Sitting in Residential Zone Policy Area 12 - Residential Infill (350) Precinct 12.2, it also presents with a range of development opportunities subject to council consent. Ideally positioned directly opposite the scenic Ridge Park Reserve with its array of fixed public gym equipment, a childrens playground, community tennis courts and bike track, as well as being only 5 minutes drive from the CBD, lifestyle and convenience is at the heart of residing at 4 Barr-Smith Ave Myrtle Bank.
Steeped in history, you will immediately appreciate the homes many decorative elements such as the original lead light at the entrance, the grand 13-foot ceilings, beautifully restored fireplaces and mini cellar in the walk-in pantry.
Boasting a spacious formal lounge with adjoining French doors to the formal dining room you have the luxury of utilising the entire space when hosting larger gatherings of friends or family. Spoilt for living space, there is an additional family room with meals area at the homes rear overlooking the beautifully manicured garden.
The 3 generously sized bedrooms all feature wall to wall built in wardrobes with ample storage space, ornate fireplaces and separate heating and cooling split systems for added comfort. The kitchen is also impressive, boasting loads of cabinetry, modern and updated appliances and walk in pantry with a mini-cellar.
The sprawling rear garden is a spectacular oasis of colour, shrubs, flowers and native favourites like the majestic Frangapani tree on the boundary.
Additional features you must know:
Outdoor Pergola and paved area
Fujitisu heating and cooling split systems in all bedrooms and lounge
New Kelvinator heating and cooling split system in rear family room
Westinghouse Stainless Steel Oven
5 gas burner Lofra Cook Top
Westinghouse dishwasher
4 restored ornate fireplaces
Fully irrigated front and rear yard
Large Garden Shed
Residential Zone Policy Area 12 - Residential Infill (350) Precinct 12.2
994sqm allotment and development potential STCC
The Vendor's Statement (Form 1) will be available for perusal by members of the public:
at the office of the agent for at least 3 consecutive business days immediately preceding the auction and at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction
Listing description written by Constantine Pappas, Gary J Smith Real Estate Glenelg — reproduced as published, not verified by Districts.