Modbury Heights at a glance
6,957
People
$910,000
Median sale
$596/wk
Median rent
3.41%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
SA › Modbury Heights › Melrose St
4
Bedrooms
1
Bathrooms
1
Car spaces
662 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 Modbury Heights (last 5 years) with land size have a median of $1,267/m² of land (n=109). Districts calculation from recorded sales — not a valuation.
Modbury Heights at a glance
6,957
People
$910,000
Median sale
$596/wk
Median rent
3.41%
Suburb gross yield
Median sale from 33 recorded sales (last 12 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 $596/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
Modbury Heights at a glance
6,957
People
$910,000
Median sale
$596/wk
Median rent
3.41%
Suburb gross yield
Median sale from 33 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Modbury DulwichPresented by your local real estate agent Mohit Gupta of Ray White Modbury is this fantastic family home located in the heart of one of Adelaide's most sought after communities being Modbury Heights.
Welcome to 40 Melrose Street, Modbury Heights!
Situated on a generously sized allotment of approximately 662sqm and with a frontage of approximately 18.30 meters astute purchasers will notice the multitude of internal, external and subdivision possibilities moving forward subject to the necessary planning consent.
Only a short walk away from the much sought after Heights School, the Heights Shopping Centre, Hargrave Reserve and minutes away from Westfield Tea Tree Plaza and bus interchange, Modbury Hospital, Modbury Jets Amateur Football Club and public transportation options along Milne Road.
*Please note that this property is currently tenanted on a a fixed term lease until the 24/12/2024 @ $700 per week. Please call Mohit Gupta to explore the possibility to negotiate an early exit by the tenants for the right buyers.
This is a chance to purchase in a rapidly increasing sought after pocket within an amazing local community.
Features of this fantastic home include the following:
• Manicured front garden and excellent street presence.
• Immediate livability upon entry thanks to the warm and welcoming entrance way, downlights, floating timber floors and zone controlled ducted reverse cycle air conditioning throughout.
• Spacious formal lounge room bathed in natural light and with views out to the manicured front gardens this makes for a fantastic space to rest and enjoy quality time with loved ones. This space flows seamlessly into an equally inviting, open plan kitchen, dining and living area for perfectly suited for daily family life. A water temperature control panel is located in the living.
• Chefs kitchen complete with gas stovetop, dual sink, dishwasher, stone benchtops, luxurious tiled splashback and a large central kitchen island.
• Three sizeable bedrooms all complete with built in robes.
• Contemporary main bathroom with basin, bathtub and shower.
• Central hallway with linen cupboard.
• Spacious laundry with external access and separate toilet.
• Large outdoor undercover area perfect for year round entertaining while overlooking a fantastic child and pet friendly yard. Two sizeable tool sheds included.
• A great sized rumpus room with a large open plan main living area and its own separate bedroom. Split system air conditioning, downlights and tv bracket complete the space. An excellent option for extended families or to run a home business from.
• Possibility to convert the laundry/toilet into a second bathroom/toilet (Subject to planning consent).
• Secure gated access down both sides of the property.
• Gas hot water system.
• Double length carport with automated roller door.
• 10 KW Solar system with 28 panels.
• HFC (hybrid fibre coaxial) internet connection to the premises is available.
• Nearby schooling options include East Para Primary School, Modbury West School, Modbury School P-6 as well as being zoned to The Heights School.
• Public transportation options can be found along Milne Road and McIntyre Road.
• Within close proximity to the Heights Shopping Centre, Hargrave Reserve, Westfield Tea Tree Plaza and bus interchange, Modbury Hospital and a multitude of other local amenities.
With so many features and located within minutes to so many amazing local amenities an in person inspection is an absolute must!
Please note that this property is scheduled to be auctioned on the 04/05/2024 at 4:00PM and all questions can be directed to Mohit Gupta of Ray White Modbury on 0421472034
DISCLAIMER: We have in preparing this document used our best endeavors to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.
RLA-322341
Listing description written by Mohit Gupta, Ray White Modbury Dulwich — reproduced as published, not verified by Districts.