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 › Wheaton Rd
$1,565,000
Last sold
19 May 2025
6
Bedrooms
2
Bathrooms
2
Car spaces
500 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
$1,565,000
19 May 2025 · derived via latest_sale
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $1,491/m² of land (n=45). 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
+36.1%
Median sale
Suburb $1,150,000
-0.69 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
UnknownArea
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 PlymptonWith a commanding street presence, in-ground pool and luxury living for the whole family spread over two superb levels and 280+ sqms, this 2018-built home is an absolute crowd pleaser built to entertain.
Behind private slatted fencing with automated gate, a double-width driveway offers secure off-street parking in conjunction with an extra wide double garage with internal and side access.
A hallway entry lined with timber floors guides you to two ground floor bedrooms or straight to the heart of the home in a supremely spacious open plan kitchen, living and dining area complete with study nook. Here, a gorgeous galley-style kitchen is fully equipped with 900mm gas cooktop and oven, dishwasher, double sink, breakfast bar, walk-in pantry and beautiful waterfall stone benchtop, while sliding doors take you seamlessly from inside to out.
Under the main roof with café blinds and ceiling fans and overlooking a sparkling salt chlorinated in ground pool, the downlit alfresco is the ultimate spot for entertaining outdoors at any time of year among the idyllic backdrop of established hedges and manicured lawns.
Upstairs, a further four bedrooms are on offer, including a most comfortable master retreat with plantation shutters, huge walk-through robe and roomy ensuite with full-height tiling, huge shower with niche and floating vanity, while a central main bathroom with the addition of an inset bath and convenient separate toilet services bedrooms two, three and four.
Delight in the details:
- 23-panel Enphase solar system + Tesla battery
- Ducted reverse cycle air conditioning
- Front & rear yard pop-up irrigation systems
- Under stair storage
- Separate ground floor laundry
- Third w/c downstairs
- Second living area upstairs
- Built-in robes to all bedrooms
And there's just as much to love about the location; set far back enough from the buzz of South Road with easy access to Castle Plaza, bus and train transport and plenty of schooling options while being an easy 8kms from the heart of the CBD and even closer to the sea. Caffeine cravings will be spoilt for choice here, with local favourites The Little Fig, Friends with Florence and The Middle Store all within easy walking distance, along with the iconic Beck's Bakehouse and a variety of popular takeaway and lunch options spanning Winston Avenue and Goodwood Road.
For unmatched luxury family living in Melrose Park, put Wheaton Road at the top of your list.
Specifications:
CT / 6200 /646
Council / Mitcham
Zoning / SN - Suburban Neighbourhood
Built / 2018
Land / 500sqm approx.
Listing description written by Chanelle Ats, Gary J Smith Real Estate Plympton — reproduced as published, not verified by Districts.
Nearby 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.