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 › Corunna Ave
$633,000
Last sold
10 Mar 2018
3
Bedrooms
2
Bathrooms
2
Car spaces
685 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
$633,000
10 Mar 2018 · 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
-45.0%
Median sale
Suburb $1,150,000
+2.14 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 Harris Real Estate Kent TownThere's magic in a sandstone fronted, three-bedroom Art Deco home on a 700sqm (approx.) allotment; and it happens when Deco character, a hint of Hamptons and the finesse of French Provincial evolves into a poolside pavilion visible from the front door...
A smart choice for the new family, outdoor entertainer or discerning buyer; from its white picket fence and fresh white interiors to its sympathetic new kitchen with stainless appliances, all wrapped up in an ever-convenient spot between Goodwood and South Road.
Sound good? Come on in.
The living room has a romantic feel with wood-burning fire, ceiling rose, and those Deco touches you long for.
Those touches turning to Provincial chic in a master bedroom with built-in robes, plus extra walk-in hanging room next to a shower suite.
Alive and inviting is the daylight gifted central living zone; from its dining room glass atrium reveling in its north-facing garden perspective and pool views, a central combustion fire provides whole-home winter warmth from its dining/family room position, and a clever wall removal doubles the kitchen's size with a redesign just 18 months ago - a stroke of owner genius.
And another stroke of ingenuity - a chic laundry ensemble within its main bathroom's renovated floorplan.
To the outdoor, all-year-round adult's domain; a pavilion to satisfy living, dining and TV reclining with the best outlook over the glass-fenced pool and shaded lawn; we know where the second-best visuals lie...
Back indoors, two more beautiful bedrooms, the second enjoys glorious light from its French door aspect outside and the third is perfectly suited as a study or a nursery, completing the petite but chic floorplan.
Winston Avenue adds a quick coffee fix with fine fare starting from The Middle Store, continuing to The Little Fig and ending at Beck's Bakery.
Less than 15 minutes to town, 10 minutes to King William Road, and you can only imagine the school choice your central location offers.
You must see, feel and experience Corunna Avenue.
You'll love:
- C.1940s Art Deco sandstone fronted home
- Outdoor living pavilion and pool
- New kitchen with stainless appliances
- Renovated main bathroom and inclusive laundry
- Exquisite floor-to-ceiling atrium window
- Master with shower suite and WIR
- Freshly painted and updated
- Sealed slate and polished Baltic floors
- Ducted reverse cycle air conditioning
- Combustion fire to dining room/family room
- Wood-fire to living room with decorative mantel
- Leafy north-facing rear garden
- Wood storage at rear
- Single lock-up garage with off-street parking for more
- Walk to Winston Avenue amenities
Specifications:
CT / 5588/954
Council / City of Mitcham
Zoning / R(CP)'8
Built / 1945
Land / 685m2
Frontage / 16.46m
Council Rates / $1,496.00pa
SA Water / $203.11pq
ES Levy / $302.05pa
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own enquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
Listing description written by Angelo Nickolas, Harris Real Estate Kent Town — reproduced as published, not verified by Districts.