Payneham South at a glance
1,819
People
$1,330,000
Median sale
$572/wk
Median rent
2.24%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
SA › Payneham South › First Ave
$874,000
Last sold
29 July 2026
2
Bedrooms
2
Bathrooms
1
Car spaces
402 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
$874,000
29 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Payneham South (last 5 years) with land size have a median of $2,990/m² of land (n=15). Districts calculation from recorded sales — not a valuation.
Payneham South at a glance
1,819
People
$1,330,000
Median sale
$572/wk
Median rent
2.24%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Vs Payneham South
-34.3%
Median sale
Suburb $1,330,000
+1.16 pp
Gross yield
Suburb 2.24%
Suburb median $1,330,000 from 9 recorded sales (last 24 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 $572/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
Payneham South at a glance
1,819
People
$1,330,000
Median sale
$572/wk
Median rent
2.24%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Harris Real Estate Kent TownPositioned in one of Adelaide's most convenient eastern pockets, this C1940 cottage showcases exactly why red brick character never goes out of style - especially when paired with a floorplan that knows how to entertain.
Beyond its picture-perfect façade, polished timber floors guide you through a traditional entry hall and lounge, where an original mantle nods to the home's heritage, before the layout shifts into something more contemporary.
A light-filled living and dining domain stretches across the rear, bringing everyone together in a seamless sweep. At its heart, a kitchen plays its role with stone-look benchtops, subway tiling, generous storage, and an open, social layout that ensures you're never far from the conversation, whether it's dinner for two or a long Sunday lunch.
Two generous bedrooms provide flexibility to rest, work, or host, serviced by a neatly appointed main bathroom. A second bathroom/ laundry combo adds another layer of practicality when life gets busy.
Step outside and a paved pergola sets the scene for alfresco entertaining, while a generous sweep of lawn, established fruit trees, and a garden shed create a backyard that's equal parts productive and private.
A carport, additional off-street parking, R/C A/C, ceiling fans, and built-in robes round out the practicalities.
And then there's the location. Grab your morning coffee from a Cheeky Grin, stock up at Firle Plaza or Marden Shopping Centre, enjoy easy access to Trinity Gardens Primary, Marryatville High School, and a host of sought-after private schools, then be in the city within minutes when work or play calls.
Character where it counts, modernity where it matters, and an address that does the rest - this is Payneham South played to perfection.
More to love:
• C1940 red brick cottage on 402sqm, beautifully updated throughout
• Single carport and additional off-street parking on gated driveway
• Split system reverse cycle air conditioning to lounge
• Ceiling fans to bedrooms
• Original features throughout – high ceilings, polished timber floors, mantle
• Separate laundry with bathroom facilities
• Built in robes to bedroom two
• Tiled and polished timber floors, with carpets to bedrooms
• Plantation shutters
• Instant gas hot water service
• Down lighting
• Garden shed
• NBN ready
Specifications:
CT / 5168/14
Council / Norwood Payneham & St Peters
Zoning / GN
Built / 1940
Land / 402m2 (approx)
Frontage / 10.67m
Council Rates / $1433.75pa
Emergency Services Levy / $148.40pa
SA Water / $189.98pq
Estimated rental assessment $600 - $650per week/ Written rental assessment can be provided upon request
Nearby Schools / Trinity Gardens School, Felixstow P.S, East Adelaide School, Marryatville P.S, Norwood International H.S, Marryatville H.S, Morialta Secondary College, Charles Campbell College
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 Scott Moon, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.