Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
NSW › Melrose Park › Lancaster Ave
3
Bedrooms
1
Bathrooms
1
Car spaces
575 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $4,427/m² of land (n=16). Districts calculation from recorded sales — not a valuation.
Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 recorded sales (last 12 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
NSWPlanning 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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $775/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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Melrose Park at a glance
5,445
People
$2,725,000
Median sale
$775/wk
Median rent
1.48%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Award Group Real Estate West RydeIntroducing a rare gem to the market after 65 years, this meticulously positioned property enjoys prime placement on the riverside in one of Ryde's most coveted neighbourhoods. Nestled on a generous parcel of land perfect for families, 6 Lancaster Ave exudes character, allure, and abundant potential. While the current dwelling is modest, it has been cherished over the years, presenting an enticing opportunity for astute renovators to enhance its value. Alternatively, for those seeking expansion or additional accommodation, there's room to extend, construct a granny flat, or explore the possibilities of building your dream home in this enviable location (stca)*.
Conveniently situated within a leisurely stroll of various transportation hubs, such as Sydney ferry, bus services and the upcoming light rail routes, scenic parks, a golf course, boat ramp, cycleway, and the exciting Melrose Park urban revitalisation initiative, this presents an unmissable opportunity!
Property Highlights |
- Solid double-brick construction, offering durability and timeless appeal
- Formal lounge
- Generous dining room ideal for family gatherings
- Gas kitchen
- Detached lock-up garage
- Large, family-friendly backyard perfect for children and entertaining
- Set on a substantial parcel of over 575sqm
- A short stroll to the upgraded primary school, new upcoming high school and shopping precinct
With Melrose Park and the surrounding area undergoing much gentrification, now is the time to take advantage of all this property and its location has to offer…
(stca)* = Subject to council approval | City of Ryde
All information provided herein has been obtained from sources we believe to be reliable. However, we do not guarantee the accuracy or completeness of this information and accept no responsibility for any errors or omissions. Interested parties should conduct their own independent enquiries and rely on their own judgement to verify the accuracy of the information for their specific purposes. Images are for illustrative and design purposes only and may not represent the final product, finishes, or layout. Some images may include location or lifestyle photography and/or virtual furniture. All measurements, distances, locations, boundaries, and aspects are approximate. By acting on this information in any way, including but not limited to contacting Award Group Real Estate via phone, SMS, email, in person, third-party websites, or linked platforms, you consent to Award Group Real Estate collecting and storing your personal information in accordance with our Privacy Policy. For further details, please refer to our website.
Listing description written by David Johnson, Award Group Real Estate West Ryde — reproduced as published, not verified by Districts.