Novar Gardens at a glance
2,519
People
$1,450,000
Median sale
$576/wk
Median rent
2.07%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
SA › Novar Gardens › Pine Ave
$675,000
Last sold
28 May 2018
3
Bedrooms
2
Bathrooms
2
Car spaces
590 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
$675,000
28 May 2018 · derived via latest_sale
Local land rate: recorded House sales in Novar Gardens (last 5 years) with land size have a median of $1,777/m² of land (n=33). Districts calculation from recorded sales — not a valuation.
Novar Gardens at a glance
2,519
People
$1,450,000
Median sale
$576/wk
Median rent
2.07%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Novar Gardens
-53.4%
Median sale
Suburb $1,450,000
+2.37 pp
Gross yield
Suburb 2.07%
Suburb median $1,450,000 from 7 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 $576/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
Novar Gardens at a glance
2,519
People
$1,450,000
Median sale
$576/wk
Median rent
2.07%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gary J Smith Real Estate Old ReynellaDark bricks offset the beautiful Colonial windows and detailed fretwork that welcome you to this updated 1968-built home in the heart of Novar Gardens.
Pine floorboards flow throughout most of the home, including an expansive sitting and dining area which lets in an abundance of natural light.
An updated kitchen makes an instant impression with its striking splash back, while stainless steel appliances including a dishwasher, gas cook top, neutral benchtops and white cupboards form a lovely space to cook and create.
Three bedrooms include a convenient master positioned at the front of the home overlooking the road with ensuite and beautiful bay window which doubles as bonus storage. A walk-in robe lies cleverly concealed behind mirrored built-in robes, providing even more closet space. Beds 2 and 3 also offer built-in storage and are serviced by an original central bathroom with shower and bath plus separate wc.
The backyard will be at its peak during the warmer months, where you can splash the days away in your sparkling in-ground pool, while a large pitched roof pergola with ceiling fan and paved area ensures you have an entertaining space that can be used all year round.
What else is there to love?
- Second living area
- Ceiling fans to all bedrooms
- Downlights throughout most of the home
- Ducted evaporative cooling + ducted gas heating
- Solar panels
- Double garage with panel lift door
- Handy rear workshop
- Corner block position
Immanuel College, Lindfield Reserve, the Glenelg Golf Club and bus transport all sit on your doorstep here, with easy access to our beautiful coastline and to the CBD.
A brilliant opportunity in this sought-after suburb.
Listing description written by Craig Smith, Gary J Smith Real Estate Old Reynella — reproduced as published, not verified by Districts.