Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
SA › Pennington › Addison Rd
$980,000
Last sold
2 July 2026
4
Bedrooms
1
Bathrooms
1
Car spaces
673 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
$980,000
2 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Pennington (last 5 years) with land size have a median of $1,282/m² of land (n=39). Districts calculation from recorded sales — not a valuation.
Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Pennington
+2.1%
Median sale
Suburb $960,000
-0.06 pp
Gross yield
Suburb 3.11%
Suburb median $960,000 from 15 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 $575/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
UnknownArea
Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Port AdelaideSet on a substantial corner allotment, this original four-bedroom home presents an exciting opportunity for renovators, investors, and developers seeking a property with genuine potential. Offering a generous landholding in a convenient location, the value here lies in the possibilities that come with such a sizeable parcel of land.
The home itself provides a functional floorplan with four bedrooms, a central bathroom with bathtub, separate toilet, and multiple living areas. A front lounge with heater is complemented by a second living space at the rear, while the kitchen offers ample storage with a large walk-in pantry.
Outside, the expansive backyard provides plenty of room to utilise, along with a shed/garage for storage and a rainwater tank. Whether you're looking to renovate and add value, invest for the future, or explore development opportunities (subject to the necessary consents), this property offers a range of options on a rarely available corner allotment.
Property Highlights
• Massive corner allotment with future potential
• Original four-bedroom home
• Central bathroom with bathtub
• Separate toilet for convenience
• Front lounge room
• Kitchen with large walk-in pantry
• Additional rear living area
• Expansive backyard
• Shed/garage for storage
• Rainwater tank
Combining everyday convenience with lifestyle appeal, this well-located property places a range of amenities within easy reach. Pennington Reserve is just moments away, while St Clair Village offers convenient shopping, cafés and dining options. For even more choice, Armada Arndale and Westfield West Lakes are both nearby, providing a broad selection of retail, entertainment and essential services.
The location also benefits from access to quality schooling and public transport, making it an attractive option for families and commuters alike. Adding to its appeal, Semaphore Beach and Adelaide's western coastline are only a short drive away, offering the perfect setting to enjoy the outdoors and coastal lifestyle.
Opportunities like this are becoming increasingly difficult to find. Secure a sizeable corner allotment in a well-connected location and unlock the potential this property has to offer.
To place an offer on this property, please click the link here - https://portal.reaforms.com.au/purchaser/44-addison-road-pennington-sa-5013-0by56szo0p5cpg9g8r2zkuo85
Disclaimer: Neither the Agent nor the Vendor accepts any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and is advised to enquire directly with the agent to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
***Regarding price. The property is being offered to the market by way of Auction, unless sold prior. At this stage, the vendors are not releasing a price guide to the market. The agent is not able to guide or influence the market in terms of price instead providing recent sales data for the area which is available upon request via email or at the open inspection***
"The vendor statement may be inspected at 3/80 West Lakes Boulevard, Seaton 3 consecutive days preceding the auction and at the auction for 30 minutes before it starts."
Listing description written by Rocco Monteleone, Ray White Port Adelaide — reproduced as published, not verified by Districts.
Nearby 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.