Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
SA › Melrose Park › Price St
$823,500
Last sold
25 May 2021
3
Bedrooms
1
Bathrooms
2
Car spaces
693 m²
Land
119 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
$823,500
25 May 2021 · derived via latest_sale
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $1,494/m² of land (n=46). Districts calculation from recorded sales — not a valuation.
Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Melrose Park
-28.4%
Median sale
Suburb $1,150,000
+1.04 pp
Gross yield
Suburb 2.62%
Suburb median $1,150,000 from 17 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 $580/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
Melrose Park at a glance
2,704
People
$1,150,000
Median sale
$580/wk
Median rent
2.62%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gary J Smith Real Estate GlenelgAUCTION TUESDAY 25TH MAY AT 4:30PM
Renovated, rejuvenated and surrounded by quality homes. This 1950's home on a generous 693sqm block along popular tree-lined Price Street will be hard to beat.
A wonderfully wide frontage allows for plenty of off-street parking as well as a substantial front yard, with a raised decked porch provides the perfect place to enjoy a morning cuppa.
Timber laminate floors line a central entry hall leading to a formal front lounge room with feature gas fireplace. Double doors here onto the kitchen/dining mean you can keep it extra cosy on the chilly nights ahead.
Speaking of the kitchen – and comfort – the beautifully renovated cooking quarters are sure to light up the eyes of any budding home chefs. Pristine and practical, a U-shaped bench top enjoys a gas cooktop, rangehood, dishwasher, plenty of storage and breakfast bar overlooking the dining with split system reverse cycle air conditioner. A servery onto the rear sunroom lets the natural northern light stream through, making for the most enjoyable setting.
Three bedrooms include a master with built-in robes, each easily serviced by an updated white bathroom with shower and w/c offset with marbled grey floor tiles.
A bountiful backyard is dotted with heavy cropping citrus trees, green-thumb approved garden beds and little-leg-loving lawn, all surrounded by secure fencing.
The details you'll adore:
- Single garage + carport with drive-through access
- Extra secure off-street parking
- Renovated separate laundry with storage
- Beautiful tiled north-facing sunroom
- Second w/c
- Solar panels
Within easy walking distance are Winston Avenue's local cafes, eateries and shops, along with numerous reserves and playgrounds, Goodstart Early Learning, Edwardstown Primary School and Castle Plaza Shopping Centre. Walk to the bus or drive three minutes to Edwardstown Railway Station for simple city commutes.
Price Street is the place to be. Make this one yours.
Council Rates / $1,487.60 pa
ESL / $310.80 pa
SA Water / 203.55 pq
Listing description written by John Laycock, Gary J Smith Real Estate Glenelg — reproduced as published, not verified by Districts.