Morphettville at a glance
4,086
People
$1,062,000
Median sale
$582/wk
Median rent
2.85%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
SA › Morphettville › Ellis Ave
$720,000
Last sold
16 Sept 2023
3
Bedrooms
2
Bathrooms
3
Car spaces
741 m²
Land
176 m²
Building
Districts View
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
$720,000
16 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in Morphettville (last 5 years) with land size have a median of $2,561/m² of land (n=75). Districts calculation from recorded sales — not a valuation.
Morphettville at a glance
4,086
People
$1,062,000
Median sale
$582/wk
Median rent
2.85%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Vs Morphettville
-32.2%
Median sale
Suburb $1,062,000
+1.35 pp
Gross yield
Suburb 2.85%
Suburb median $1,062,000 from 29 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 $582/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
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
Morphettville at a glance
4,086
People
$1,062,000
Median sale
$582/wk
Median rent
2.85%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Paterson Real EstateWelcome to a fantastic opportunity. This expansive 741SQM allotment is situated in the sought-after suburb of Morphettville and the property offers many opportunities with a multitude of options available to an astute purchaser.
Whilst in need of TLC the property has a refreshing pool and a private backyard entertainment area, perfect for gatherings with family and friends.
Located adjacent to the Morphettville Racecourse, you can enjoy the excitement of race days while still relishing the tranquillity of suburban living. The convenience of a short walk to the tram stop 12 and a short trip to Glenelg, the summer hub of Adelaide with plenty of food and entertainment options and the proximity to Westfield Marion ensures easy access to all amenities. You will also find yourself only minutes from Adelaide's CBD.
An opportunity to take advantage of the proposed $350m Morphettville Racecourse Redevelopment Plan that includes a new community plaza available for year-round events a supermarket, shops, and hospitality outlets along with 250 townhouses and low-rise apartments.
Notably, the area boasts plenty of reputed schools, providing excellent educational options for families.
Embrace this remarkable opportunity to build the lifestyle you've always desired, offering the best of both city and coastal living. Don't miss out - seize the chance today!
Built: 1920 (circa)
Block Dimensions: 16.46m x 45.03m (741m2)
City of Marion - Suburban Neighbourhood SN
Contact Simon Paterson and Vin Sharma on 0417026337.
Listing description written by Simon Paterson, Paterson Real Estate — reproduced as published, not verified by Districts.