Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
SA › Pennington › Princess St
$455,000
Last sold
24 Nov 2020
3
Bedrooms
1
Bathrooms
3
Car spaces
803 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
$455,000
24 Nov 2020 · derived via latest_sale
Local land rate: recorded House sales in Pennington (last 5 years) with land size have a median of $1,304/m² of land (n=40). Districts calculation from recorded sales — not a valuation.
Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Pennington
-52.6%
Median sale
Suburb $960,000
+3.46 pp
Gross yield
Suburb 3.11%
Suburb median $960,000 from 15 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 $575/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
Pennington at a glance
3,959
People
$960,000
Median sale
$575/wk
Median rent
3.11%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Property PeopleSOLD AT AUCTION ABOVE RESERVE
Located in one of the best streets in Pennington. The home is situated on a generous sized allotment of some 800 square metres with a 15.24-metre-wide frontage. The land area lends itself for a two new home site (STCC). This suburb is currently experiencing a transformation with old homes on big blocks being re-developed with two new homes in replacement.
A character home with great street appeal, renovating this home back to its original glory will see the value grow. Inside the home offers, high ceilings, big rooms, and timber floors boards. Central hallway + five main rooms that comprise of, a separate lounge room + a separate kitchen dining room and three bedrooms. All the bedrooms are big rooms, and each is double in proportion. The main bedroom is positioned at the front of the home and overlooks the front garden.
The bathroom has been recently renovated, offering a separate shower + a modern vanity unit and full-length bath plus a second toilet. A separate toilet and a separate laundry with access to the rear yard is positioned at the rear of the home.
The home has retained many original features, high ceilings, timber fret work, timber Baltic pine flooring and open fireplaces. The home has an open living room that overlooks the rear yard, this room is perfect as a family room, or a playroom for little ones and offers additional space. The home needs work to bring it back to its original glory, the floorboards do not appear to have ever been polished and once done they will come up beautifully, and the last time this house had a paint through would have been more than 40 years ago, again once done the appeal will be instant.
It is now time for this character to experience a makeover, the new owners can add their own touches, the floor plan is versatile and could easily be transformed to whatever you desire.
In addition, the home has something every man loves, a huge newer iron garage - workshop, this man cave will be ideal for the car enthusiast or used simply as additional storage.
Overall, the home will take some good old fashion hard work to renovate. The bones of the house are good!
Set on an allotment of 803 square metres in total area there is so much room out back for whatever you desire, a pool, play gym or simply as veggie patch and chooks.
Its a prime location with every convenience, from here it is an easy drive to the City straight up Torrens Road or Port Road. Public transport is off Addison and Torrens Road or catch the train from the ST Clair station. ST Clair is walking distance from this location and ST Clair offers a local supermarket and numerous variety stores. In addition, there are several local schools nearby. In addition there is Arndale Shopping centre and West Lakes Mall that are both conveniently accessible.
"The Vendors Statement may be inspected at 685 Port Road, Woodville Park for 3 consecutive days preceding the auction and at the auction for 30 minutes before it starts."
This property is being offered for at Auction on Saturday 19th of September with bidder's registrations commencing from 10:30 am and the auctions to commence from 11 pm
Listing description written by Wally Armanios, Harcourts Property People — 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.