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SA › Colonel Light Gardens › Springbank Rd

41 Springbank Rd, Colonel Light Gardens SA 5041

House

$845,000

Last sold

1 May 2024

3

Bedrooms

1

Bathrooms

2

Car spaces

666 m²

Land

121 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $845,000 (1 May 2024).(Recorded sale)
  • CalculationLand 666 m² against a 121 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Colonel Light Gardens (last 5 years) with land size: median $2,085/m² of land (n=44). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$845,000

1 May 2024 · derived via latest_sale

Local land rate: recorded House sales in Colonel Light Gardens (last 5 years) with land size have a median of $2,085/m² of land (n=44). Districts calculation from recorded sales — not a valuation.

Colonel Light Gardens at a glance

3,297

People

$1,691,000

Median sale

$580/wk

Median rent

1.78%

Suburb gross yield

Median sale from 12 recorded sales (last 12 months) — a Districts calculation.

See the full Colonel Light Gardens report →

Vs Colonel Light Gardens

-50.0%

Median sale

Suburb $1,691,000

+1.79 pp

Gross yield

Suburb 1.78%

Suburb median $1,691,000 from 12 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$845,0001 May 2024
  2. Listedprice unknowncompleted16 Apr 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $580/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Colonel Light Gardens in one glance

Colonel Light Gardens at a glance

3,297

People

$1,691,000

Median sale

$580/wk

Median rent

1.78%

Suburb gross yield

Median sale from 12 recorded sales (last 12 months) — a Districts calculation.

See the full Colonel Light Gardens report →

Keep researching

  • Why Colonel Light Gardens? Read the area thesis →
  • What else is on the market in Colonel Light Gardens →
  • Other records on Springbank Rd →

Listing material

Listed by Harris Real Estate Kent Town

Character magic awaits: Updated yesteryear charm & endless scope to transform

A sweeping block, superb scope to create, and light-filled loftiness – that's the sought-after ingredients giving this beautifully presented and updated c.1920's abode an impressive foundation for those spellbound by the sight of character charm and seeds of what could be.

With solid footings giving rise to a familiar four-square footprint gliding over glossy solid timber floors, wide central hallway, and sailing beneath soaring ceilings… there's no shying away from the allure of yesteryear's bold beauty. Let the three generous bedrooms and a lovely formal lounge – brightened by large windows and fresh paint work – together with a sparkling kitchen, laundry and stone-topped bathroom be the inspiration to take this understated abode flourishing into spectacular modern standards.

Already an everyday delight spilling with family-friendly comfort, including a north-facing backyard with lush lawn capturing the best of the day's sun all year round, enjoying picture-perfect outdoor entertaining under the all-weather alfresco adds immediate lifestyle bliss, while the possibilities to extend, expand and transform across the 666m2 parcel should have hearts aflutter and the creative juices flowing (STCC).

Read the full description

Superb, southern pocket positioning coincides with a raft of conveniences all at arm's reach; from a leisure stroll to Colonel Light Gardens Primary and popular parks, playgrounds and sporting ovals, to the vibrant shopping hubs of Pasadena and Mitcham Square, as well as an enviable halfway between Adelaide's bustling city centre and the scenic surrounds of several national parks, it's no wonder Colonel Light Gardens is such a sought-after suburb by sophisticated buyers who know a good investment when they see it.

Features you'll love:

- Beautiful character property set on supremely spacious 666m2 (approx.) allotment inviting a raft of exciting renovation, extension or rebuild possibilities (subject to council conditions)

- Lovely red-brick frontage with verandah and portico overlooking neat lawns and easy-care greenery

- Wide hallway, gorgeous solid timber floors, and soaring ceilings

- 3 lofty and light-filled bedrooms, all with AC, two with ceiling fans, and one with BIRs

- Charming formal lounge with feature gas heater

- Updated modern kitchen flush with great bench top space and bar, abundant cabinetry and cupboards, and gleaming stainless appliances including dishwasher

- Bright and light laundry, sparkling main bathroom with stone benches, as well as second outdoor WC

- Charming outdoor alfresco with all-weather verandah overlooking a sunny and sweeping backyard with lush lawn and cubby-house, perfect for kids to play or family pet to happily roam

- Long driveway, secure carport, garage and storage shed/workshop

Location highlights:

- Around the corner from manicured sporting grounds and playgrounds, as well as a short stroll to Colonel Light Gardens Primary and Springbank Secondary; zoned for Unley High

- Close to a range of local cafés and popular takeaway eateries for easy eats and weekend treats

- A quick 5-minutes to both Pasadena Foodland and Shopping Centre, as well as Mitcham Square for all your daily essentials and weekend entertainment in easy reach

- On the doorstep of scenic conservation parks, and also 10-minutes to Adelaide CBD

Specifications:

CT / 5545/108

Council / Mitcham

Zoning / EN

Built / 1926

Land / 666m2(approx)

Frontage / 15.24m

Council Rates / $1967.20pa

Emergency Services Levy / $398pa

SA Water / $410.51pq (incl usage)

Estimated rental assessment / $560 to $590 per week / Written rental assessment can be provided upon request

Nearby Schools / Colonel Light Gardens P.S, Clapham P.S, Edwardstown P.S, Clovelly Park P.S, Unley H.S, Springbank Secondary College, Mitcham Girls H.S, Urrbrae Agricultural H.S

Disclaimer: 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 and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409

Listing description written by Tom Hector, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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