Salisbury East at a glance
9,486
People
$812,000
Median sale
$564/wk
Median rent
3.61%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
SA › Salisbury East › Tower Dr
$585,000
Last sold
15 Dec 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
620 m²
Land
114 m²
Building
Districts View
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
$585,000
15 Dec 2024 · derived via latest_sale
Local land rate: recorded House sales in Salisbury East (last 5 years) with land size have a median of $1,196/m² of land (n=85). Districts calculation from recorded sales — not a valuation.
Salisbury East at a glance
9,486
People
$812,000
Median sale
$564/wk
Median rent
3.61%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Vs Salisbury East
-28.0%
Median sale
Suburb $812,000
+1.40 pp
Gross yield
Suburb 3.61%
Suburb median $812,000 from 49 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 $564/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
Salisbury East at a glance
9,486
People
$812,000
Median sale
$564/wk
Median rent
3.61%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harris Real Estate NorthWelcome to 5 Tower Drive, a property offering space, versatility, and endless potential in the highly desirable suburb of Salisbury East. Built in 1970, this home sits proudly on a generous 620sqm easement-free block, presenting a blank canvas for families, renovators, or developers looking to create something special.
The home features three spacious bedrooms, all equipped with built-in robes for convenient storage. A central bathroom services the home, while the light-filled living areas provide comfort and functionality. The original kitchen with gas cooktop and retro charm, offers a practical layout with room to modernize and make your own.
Outside, the property continues to impress. A large in-ground swimming pool awaits, perfect for summer entertaining and family fun. The double carport provides ample covered parking, while the expansive backyard offers endless possibilities for landscaping, extending the home, or potential development (STCC). With a wide 21.51m frontage, the property is ideal for those considering future subdivision or redevelopment opportunities.
Situated in a peaceful, family-friendly neighborhood, this home is conveniently close to quality schools, local parks, shopping centers, and public transport options. Whether you're a first-home buyer ready to roll up your sleeves, an investor seeking to add value, or a developer envisioning a project, 5 Tower Drive is the perfect blank canvas to bring your ideas to life.
Don't miss out on this rare opportunity to secure a property with so much potential. Contact us today to arrange an inspection and take the first step toward making 5 Tower Drive your own!
Specifications:
CT / 5224/261
Council / Salisbury
Zoning / GN
Built / 1970
Land / 620m2 (approx)
Council Rates / $1509.40pa
Emergency Services Levy / $70.21pa
SA Water / $165.55pq
Estimated rental assessment / $450 - $500 per week / Written rental assessment can be provided upon request
Nearby Schools / Madison Park School, Gulfview Heights P.S, Brahma Lodge P.S, Keller Road P.S, Salisbury East 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 | 330069
Listing description written by Ben Gow, Harris Real Estate North — reproduced as published, not verified by Districts.