Happy Valley at a glance
12,016
People
$865,250
Median sale
$637/wk
Median rent
3.83%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
SA › Happy Valley › Melrose Ct
$740,000
Last sold
30 Sept 2022
3
Bedrooms
2
Bathrooms
2
Car spaces
508 m²
Land
183 m²
Building
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
$740,000
30 Sept 2022 · derived via latest_sale
Local land rate: recorded House sales in Happy Valley (last 5 years) with land size have a median of $1,025/m² of land (n=159). Districts calculation from recorded sales — not a valuation.
Happy Valley at a glance
12,016
People
$865,250
Median sale
$637/wk
Median rent
3.83%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Vs Happy Valley
-14.5%
Median sale
Suburb $865,250
+0.65 pp
Gross yield
Suburb 3.83%
Suburb median $865,250 from 12 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 $637/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
Happy Valley at a glance
12,016
People
$865,250
Median sale
$637/wk
Median rent
3.83%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Magain Real EstatePlease contact Mike Dobbin or Zoe Ball for inspection details.
This spacious & functional family home offers so many features it is sure to tick so many boxes for busy families. Offering two spacious living areas, a fantastic enclosed all weather entertaining area plus a home office with external access, perfect for meeting clients privately at home. The list just keeps going!! It is also located in a popular family friendly area, close by to the local Braeview School as well as local shops and other amenities, giving you and your family a great lifestyle.
To the front of the home is the master bedroom, complete with a bay window, both built in and walk in robes plus a stunning renovated two way ensuite plus added linen cupboards. Bedroom 2 has built in robes and the office/study has both internal & external access via a glass sliding door and built in desk & drawers. To the rear of the home is the large open plan living area and kitchen. The chic and modern kitchen will excite the gourmet chef, offering stone benchtops throughout, glass splashbacks soft close drawers, induction cooktop, top of the range European stainless steel appliances, including dishwasher and island bench with classy waterfall edges. The kitchen overlooks the living & dining room, with bay window, tiled floors and fantastic bi-fold doors to seamlessly incorporate inside with outside entertaining. The second living area offers a perfect retreat, games room or a home cinema room. This is finished with a bar with sink & fridge space. There is also a second bathroom plus a walk through laundry with skylight and built in cupboards for added storage. The home is serviced by ducted reverse cycle heating & cooling.
Stepping through the glass bi-fold doors into the entertaining area you will surely be impressed. This huge tiled area is fully enclosed with floor to ceiling glass doors & windows to appreciate the gardens and let in plenty of natural light, but also giving you the convenience of all weather entertaining all year round! There is even a split system unit to help control temperatures through the depths of winter or the heights of Summer. This huge space is big enough for a large dining table and a lounge area to sit & relax all weekend with friends or family.
Outside is a manicured lawn, some lovely established ornamental trees plus a raised timber deck giving you another spot to sit & enjoy a fine weather day. There is also a large garden shed for added storage. To the front of the home is a double lockup garage with dual automatic roller doors, and internal access, plus a lovely manicured front garden to add to the street appeal of this lovely blue stone fronted home. Don't miss out, an updated family home with this many fantastic features does not come up very often.
All floor plans, photos and text are for illustration purposes only and are not intended to be part of any contract. All measurements are approximate and details intended to be relied upon should be independently verified.
RLA 222182
Listing description written by Mike Dobbin & Zoe Ball, Magain Real Estate — reproduced as published, not verified by Districts.