Tumby Bay at a glance
1,859
People
$540,000
Median sale
$434/wk
Median rent
4.18%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
SA › Tumby Bay › Lakin Cres
$559,000
Last sold
26 May 2022
6
Bedrooms
4
Bathrooms
2
Car spaces
770 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
$559,000
26 May 2022 · derived via latest_sale
Local land rate: recorded House sales in Tumby Bay (last 5 years) with land size have a median of $520/m² of land (n=67). Districts calculation from recorded sales — not a valuation.
Tumby Bay at a glance
1,859
People
$540,000
Median sale
$434/wk
Median rent
4.18%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Vs Tumby Bay
+3.5%
Median sale
Suburb $540,000
-0.14 pp
Gross yield
Suburb 4.18%
Suburb median $540,000 from 23 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 $434/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
Tumby Bay at a glance
1,859
People
$540,000
Median sale
$434/wk
Median rent
4.18%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Robin Hood Real EstateANOTHER SOLD BY JORDAN FOSTER - 2022 RateMyAgent Award Winner: Number 1 Agent - Tumby Bay
More Properties Needed - Looking for professional advice on the sale of your property? Contact Jordan Foster on 0477 097 941
TWO HOUSES ON ONE TITLE - MULTIPLE INCOME OPPORTUNITY!
OPTION A: LIVE IN ONE & RENT OUT THE OTHER?
OPTION B: RENT OUT BOTH HOUSES 1 AND 2 WITH A POTENTIAL COMBINED APPROXIMATE RENT RETURN OF $675-$700 PER WEEK!!!
OPTION C: BIG FAMILY? LIVE IN BOTH (CURRENTLY BOTH WITH SEPARATE ENTRANCES, JOINED BY GARAGE / 2ND LIVING)
OPTION D: POTENTIAL TO DO A COMMUNITY TITLE SUBDIVISION WITH SHARED YARDS & SELL ONE OR BOTH (Subject to Council Consents & Others Relevant Approvals)
Inside photos are of House 1 which the owner lived in until recently. House 1 is rented on a fixed lease for $350 per week including water.
House 2 is currently rented at $325 per week including water with potential to increase to $350 per week on a fixed lease.
The current owner would prefer the buyer to keep the current quiet LONG TERM tenants in House 2.
Both houses are modern with beautiful designs. The build was finished end of November 2019.
House 2 has identical finishes and is a mirror image of House 1, except for House 1 has a single garage and House 2's single garage design has been converted into a second living.
Both houses have a spacious open plan living, dining & kitchen with induction cooktops, breakfast bar and butler's pantry with a dishwasher, extra sink and additional storage. Heating and cooling is sorted with split systems in the open plan living areas and ceiling fans in the bedrooms.
Each house has its own electric hot water service, water softener, modular rainwater tank & 6kW 22 panel solar system!
There is a low maintenance shared yard with garden beds out the front and back.
There is a undercover entertaining area lean-to off the shed.
Sit back, relax, and enjoy the slow-paced lifestyle that Tumby Bay has to offer. A popular year-round destination for fishermen and holiday-makers alike. A place where you can do as you please - sit back and enjoy the serenity of a beautiful seaside town, or get active and get out on the water. (Source: https://www.eyrepeninsula.com/tumby-bay)
Tumby Bay is just a 25 minute drive to the Port Lincoln Airport and then only a 50 minute flight to Adelaide. Driving time from Tumby Bay to Adelaide is six and a half hours & 35 minute drive to Port Lincoln.
LOW MAINTENANCE, LOW COST, LIVING
Check out the drone photo - This house is close to the beach! What's not to love.
BE QUICK to secure this amazing opportunity.
Inspections by appointment - Phone sold selling agent, Jordan Foster on 0477 097 941
Council Rates (2021-2022): $1,996.40, per annum (approximately)
SA Water (2021-2022): Supply Charge $68.60 + Water Usage, per quarter (approximately)
One water meter for the two houses.
Individual electricity bills.
Disclaimer: Floor plans, measurements and boundary outlines are approximate and are to be used as a guide only.
Both houses referred to as House 1 & House 2 are on one title - boundary outlines are for a visual reference only for the potential to rent separately. Both House 1 & House 2 outlined have separate entrances.
All information provided including rates and distances have been obtained from sources we believe to be accurate; however, we cannot guarantee its accuracy. We take no liability for any errors or omissions. Interested parties should conduct their own independent research to verify the accuracy of the information provided.
Listing description written by Jordan Foster, Robin Hood Real Estate — reproduced as published, not verified by Districts.