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SA › Kingscote › Wheaton St

5 Wheaton St, Kingscote SA 5223

House

$540,000

Last sold

19 May 2023

4

Bedrooms

2

Bathrooms

2

Car spaces

1,498 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $540,000 (19 May 2023).(Recorded sale)
  • FactLand 1,498 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Kingscote (last 5 years) with land size: median $482/m² of land (n=78). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$540,000

19 May 2023 · derived via latest_sale

Local land rate: recorded House sales in Kingscote (last 5 years) with land size have a median of $482/m² of land (n=78). Districts calculation from recorded sales — not a valuation.

Kingscote at a glance

2,056

People

$512,500

Median sale

$386/wk

Median rent

3.92%

Suburb gross yield

Median sale from 33 recorded sales (last 12 months) — a Districts calculation.

See the full Kingscote report →

Vs Kingscote

+5.4%

Median sale

Suburb $512,500

-0.20 pp

Gross yield

Suburb 3.92%

Suburb median $512,500 from 33 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$540,00019 May 2023
  2. Listedprice unknowncompleted12 Apr 2023

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

SA

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $386/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Kingscote in one glance

Kingscote at a glance

2,056

People

$512,500

Median sale

$386/wk

Median rent

3.92%

Suburb gross yield

Median sale from 33 recorded sales (last 12 months) — a Districts calculation.

See the full Kingscote report →

Keep researching

  • Why Kingscote? Read the area thesis →
  • What else is on the market in Kingscote →
  • Other records on Wheaton St →

Listing material

Listed by Nutrien Harcourts Kingscote

Excellent chance to live in, renovate or develop in a sought-after location

Step inside and be welcomed by this bright and inviting home. With a little bit of TLC, this property has the potential to become a stunning family oasis or a profitable investment opportunity.

The eco-friendly property boasts solid double brick construction which ensures durability and longevity providing a great foundation for renovation. The solar system is also a fantastic feature as it can help reduce reliance on non-renewable energy sources and potentially saving you money on your energy bills over time. It's great to see that rainwater tanks are being used for self-sufficiency as well, which can help reduce water usage. With a flexible floorplan, you'll have plenty of room to customize the space to suit your needs and preferences. You are greeted by four bedrooms, two bathrooms, and multiple living areas and open plan kitchen/dining. There is plenty of space to work with and transform into your dream home.

While the expansive land size provides ample room for a variety of uses for outdoor living. Alternatively, there is the potential for developing the double block, this could be an excellent investment opportunity for the savvy investor.

Read the full description

Situated only couple hundred meters away from the beach, with an upstairs room that boasts beautiful sea views, you'll never tire of viewing the daily ocean conditions or the stunning sunrises over the bay. Other features of this beautiful home include a versatile backyard, perfect for entertaining, and a large workshop/garage for your vehicles and storage needs.

Positioned in a desirable location, this property is close to local amenities, ensuring easy access to everything you need. Take advantage of this rare opportunity to secure your future with this compelling offering. Don't wait, contact us today to arrange a viewing and explore the potential of this desirable property.

Listing description written by Jack Wagner, Nutrien Harcourts Kingscote — reproduced as published, not verified by Districts.

Property features

  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.