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
3
Bedrooms
1
Bathrooms
2
Car spaces
737 m²
Land
122 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Payneham South (last 5 years) with land size have a median of $2,582/m² of land (n=16). 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.
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 Ray White NorwoodLean into the exciting process of designing a visionary home for your family from solid 40's foundations and a well-proportioned 737sqm slice of Payneham South on friendly First Avenue.
Offering a current blueprint of some 122sqm with a generous front yard and huge backyard, the canvas is blank and prime for an exciting extension, tying in the existing five main rooms - or simply start from scratch and capitalise on this blue-chip eastern suburbs location to develop a new home (STCC) with a prime position.
The home itself makes a charming street presence with a gabled terracotta-tiled roof and fresh white façade. Enter via an eastern verandah into the entry hall to find the first bedroom, a new monochrome bathroom, and a large living room with a heater and split system A/C unit. The kitchen/meals tick the boxes for functionality with a maintained timber-look kitchen, contemporary floating floors and lots of natural light, with another split system A/C unit in place for year-round comfort, and a second toilet, dedicated laundry and verandah situated off the kitchen.
Two more bedrooms feed off the dining, with wall-to-wall built-in robes for the largest, with perhaps the potential to convert the smaller into a walk-in robe and ensuite… Potential is certainly paramount in this wonderful property, in a location that needs no introduction. Positioned on tree-lined First Avenue, embrace a locale that's just 4km to the Adelaide CBD and less than 2km to Norwood Parade in the leafy eastern suburb of Payneham South.
FEATURES WE LOVE
• Generous 737sqm (approx.) north/south rectangular allotment and wide frontage
• Charming original home with large blank canvas backyard
• Well-sized original rooms including a large lounge room
• Fluid kitchen/meals area
• Three well-sized bedrooms
• Sleek new bathroom with stylish tiles and modern vanity plus handy second toilet
• A thrilling opportunity to renovate or develop your dream home or next project in a revered location
LOCATION
• Shopping convenience is yours walking distance to Firle Plaza (including Kmart and Coles) and a dash to Norwood Foodland and Marden Shopping Centre
• Everyday lifestyle ease includes an array of local cafes including Cheeky Grin Coffee, Half & Hafu, Payneham Library, and Payneham Oval and playground
• Within the catchment area for Norwood International High and Trinity Gardens School and a short drive to Pembroke School
• Easy access to public transport along Gage Street
• Only 4km to Adelaide CBD for an easy ride or drive into the heart of the city for work or play
Auction Pricing - In a campaign of this nature, our clients have opted to not state a price guide to the public. To assist you, please reach out to receive the latest sales data or attend our next inspection where this will be readily available. During this campaign, we are unable to supply a guide or influence the market in terms of price.
Vendors Statement: The vendor's statement may be inspected at our office for 3 consecutive business days immediately preceding the auction; and at the auction for 30 minutes before it starts.
Norwood RLA 278530
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Property Details:
Council | Norwood, Payneham & St Peters
Zone | GN - General Neighbourhood\\
Land | 737sqm(Approx.)
House | 122sqm(Approx.)
Built | 1940
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa
Listing description written by Vanessa Bianco, Ray White Norwood — reproduced as published, not verified by Districts.