Glenelg East at a glance
3,901
People
$1,607,750
Median sale
$560/wk
Median rent
1.81%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
SA › Glenelg East › Wallace St
3
Bedrooms
1
Bathrooms
3
Car spaces
800 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 Glenelg East (last 5 years) with land size have a median of $2,505/m² of land (n=46). Districts calculation from recorded sales — not a valuation.
Glenelg East at a glance
3,901
People
$1,607,750
Median sale
$560/wk
Median rent
1.81%
Suburb gross yield
Median sale from 16 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 $560/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
Glenelg East at a glance
3,901
People
$1,607,750
Median sale
$560/wk
Median rent
1.81%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White GlenelgWelcome to 41 Wallace Street - a beautiful family home nestled in one of Glenelg East's most prestigious streets. Featuring a north-facing rear yard, 3 spacious bedrooms and situated on a generous 800sqm (approx.), this mid-century jewel of a home has been fully renovated and is sure to impress.
Inside, the entry hall invites you into this well maintained home with an abundance of natural light flooding through the living areas. You'll find plenty of flexible living spaces that celebrate family friendly functionality in both the lounge and separate dining areas whilst feeling a sense of spaciousness due to the beautifully high 2.75m ceilings throughout the home, with ducted air conditioning throughout for year round comfort.
Whilst the well-thought-out mid century designed kitchen gives a nod to the era, there is an updated stainless steel oven with electric cooktop and plenty of bench space for the home chef with a convenient meals area for family dining.
The three generously sized bedrooms provide a place of solace whilst all offer plenty of storage solutions with beautifully crafted built-in robes and ceiling fans for those warm summer nights.
The bathroom has been recently renovated with under floor heating, smart toilet with bidet, a rain head shower and floor to ceiling quality tiling.
Outside the rear of the home there is a fully paved undercover alfresco with outdoor blinds allowing for year round entertaining with friends and family. The mature gardens of this property provide plenty of shade for summer days while the huge backyard boasts lush green lawns, fruit trees and a shadehouse for those green thumbs. If a pool is in the future plans for the family at some stage down the track, there is plenty of space should you choose in this spacious back yard.
Set in the heart of one of Adelaide's most sought-after coastal suburbs, you will be located in the Glenelg Primary School zone and Brighton Secondary School . With its sandy beaches and bustling cafes and restaurants, there's something for everyone here. Enjoy a stroll along the jetty or take a dip in the crystal-clear waters of Holdfast Bay.
Situated only moments from Glenelg beach, Jetty Road and public transport, this iconic coastal lifestyle is yours to enjoy.
Key Features:
- Set on a generous 800 m² (approx) with unlimited scope
- North-facing rear yard
- Coastal charmer in the heart of Glenelg East
- Double brick construction
- Abundance of natural light
- Light-finished wood flooring
- Terrazzo floors
- Soft understated palette
- Flexible living spaces
- High 2.75m ceilings
- Decommissioned gas fireplace in formal dining area
- Mature gardens for plenty of shade
- Huge backyard with private alfresco entertaining
- Room for a large pool (STCC)
- Original mid century designed kitchen with plenty of bench space
- Three generously sized bedrooms
- New built-in wardrobes with master craftsmanship
- Renovated bathroom with floor to ceiling tiling and elegant fixtures
- Convenient 2nd w/c
- Plumbing upgrades
- Solar hot water for lower electricity bills
- New irrigation system to front and back yard
- 4 x Rainwater tanks for lower water bills
- Open carport plus single garage with auto roller door
- Tram connections to Adelaide CBD or Moseley square
- Zoned to Glenelg Primary School and Brighton Secondary School
- Walking distance to Glenelg beach, Jetty Road and public transport
Auction: Saturday 4th March at 2:30pm (unless sold prior)
Any offers submitted prior to the auction will still be under auction conditions. It is the purchaser's responsibility to seek their own legal advice and a Form 3 Cooling-Off Waiver.
PLEASE NOTE: This property is being auctioned with no price in line with current real estate legislation. Should you be interested, we can provide you with a printout of recent local sales to help you in your value research.
The vendor's statement may be inspected at 411 Brighton Road, Brighton, SA, 5048 for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it commences.
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.
Listing description written by Samuel Paton, Ray White Glenelg — reproduced as published, not verified by Districts.