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SA › Evanston › Railway Cres

57 Railway Cres, Evanston SA 5116

For saleHouse

$1,050,000–$1,150,000

For sale

Asking range

$480,000

Last sold

29 June 2022

4

Bedrooms

1

Bathrooms

0

Car spaces

1,463 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,050,000–$1,150,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,050,000–$1,150,000(Listing record · 25 Aug 2026)
  • CalculationLand 1,463 m² against a 178 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Evanston (last 5 years) with land size: median $1,067/m² of land (n=71). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 48% above the Evanston median recorded sale ($707,125, n=20, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Evanston's advertised median rent ($538/wk), implied gross yield would be 2.66% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

The ask against the evidence

Asking

$1,050,000–$1,150,000

Asking range · $718/m² of land

Last recorded sale $480,000 (29 June 2022).

Local land rate: recorded House sales in Evanston (last 5 years) with land size have a median of $1,067/m² of land (n=71). Districts calculation from recorded sales — not a valuation.

Evanston at a glance

2,775

People

$707,125

Median sale

$538/wk

Median rent

3.96%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Evanston report →

Vs Evanston

+48.5%

Median sale

Suburb $707,125

-1.30 pp

Gross yield

Suburb 3.96%

Suburb median $707,125 from 20 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,050,000
Stamp Duty (South Australia)
$51,580
Transfer/Registration Fee
$10,853
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,116,133

$66,133 on top of the price (6.3% extra)

  • Stamp Duty (South Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: South Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Evanston's advertised median rent — not a rent for this listing.

Net yield
1.16%
Annual cashflow (pre-tax)
$-42,374
Interest cover (DSCR)
0.22
Annual rent
$27,976
Operating expenses
$15,750
Loan amount
$840,000
Annual interest
$54,600
Gross yield
2.66%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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

202220242026$480k$1.05m
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$1,050,000–$1,150,000available25 Aug 2026
  2. Sold$480,00029 June 2022
  3. Listedprice unknowncompleted4 May 2022

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 $538/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

Gross yield if leased at the suburb aggregate is 2.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

Evanston in one glance

Evanston at a glance

2,775

People

$707,125

Median sale

$538/wk

Median rent

3.96%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Evanston report →

Keep researching

  • Why Evanston? Read the area thesis →
  • What else is on the market in Evanston →
  • Other records on Railway Cres →

Listing material

Listed by Ray White Paradise

Development-Ready Opportunity with Approval for Five Dwellings

An exceptional opportunity for developers and investors to secure a vacant, development-ready allotment with planning approval in place for five single-storey homes.

The approved scheme consists of:

• 3 Torrens Title dwellings

Read the full description

• 2 Community Title dwellings

With the necessary planning approval already secured, the next owner can move forward with the project without the uncertainty and extended timeframe typically associated with obtaining development approval.

Set in a growing residential location where demand for quality housing continues to strengthen, this site offers an attractive opportunity to deliver a contemporary group of homes and capitalise on the area's ongoing growth.

Whether you're an experienced developer seeking your next project or an investor looking for an approved development opportunity, this property provides the benefit of plans and approvals already in place, allowing you to focus on taking the project through to construction.

LOCATION

Positioned within a well-established and increasingly popular part of Evanston, the site offers excellent access to everyday amenities and transport connections.

Families will appreciate the proximity to Gawler & District College B-12, while Evanston Gardens Primary School and a number of established private schooling options, including Trinity College Gawler, are also within easy reach.

Shopping is conveniently located nearby, with Gawler Green Shopping Centre, Gawler Central and a range of supermarkets, specialty retailers, cafés and services all readily accessible.

Public transport is another key advantage, with the Gawler railway line providing connectivity towards Adelaide and Gawler, while Main North Road and the Northern Expressway provide convenient road access to surrounding suburbs, the Barossa and Adelaide.

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.

RLA 322799

Property Details:

Council | Gawler

Zone | General Neighbourhood

Land | 1463sqm(Approx.)

Council Rates | $TBC pa

Water | $TBC pq

ESL | $TBC pa

Listing description written by Nik Ilic, Ray White Paradise — reproduced as published, not verified by Districts.

Districts

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

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