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SA › Marino › The Cove Rd

69 The Cove Rd, Marino SA 5049

For saleLand

$890,000–$950,000

For sale

Asking range

0

Bedrooms

0

Bathrooms

0

Car spaces

665 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $890,000–$950,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $890,000–$950,000(Listing record · 10 Feb 2026)
  • FactLand 665 m²; no building size recorded.(Property record)
  • CalculationAsk is 37% below the Marino median recorded sale ($1,411,091, n=8, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Marino's advertised median rent ($648/wk), implied gross yield would be 3.79% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

$890,000–$950,000

Asking range · $1,338/m² of land

No recorded sale for this property.

Marino at a glance

2,367

People

$1,411,091

Median sale

$648/wk

Median rent

2.39%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Marino report →

Vs Marino

-36.9%

Median sale

Suburb $1,411,091

+1.40 pp

Gross yield

Suburb 2.39%

Suburb median $1,411,091 from 8 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
$890,000
Stamp Duty (South Australia)
$42,780
Transfer/Registration Fee
$9,173
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
$945,653

$55,653 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 Marino's advertised median rent — not a rent for this listing.

Net yield
2.29%
Annual cashflow (pre-tax)
$-25,934
Interest cover (DSCR)
0.44
Annual rent
$33,696
Operating expenses
$13,350
Loan amount
$712,000
Annual interest
$46,280
Gross yield
3.79%

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

  1. Listed$890,000–$950,000available10 Feb 2026
  2. Listedprice unknownavailable23 June 2025

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 $648/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 3.8%. 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

Marino in one glance

Marino at a glance

2,367

People

$1,411,091

Median sale

$648/wk

Median rent

2.39%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Marino report →

Keep researching

  • Why Marino? Read the area thesis →
  • What else is on the market in Marino →
  • Other records on The Cove Rd →

Listing material

Listed by Ray White Hillcrest

Build Your Coastal Masterpiece - 834m² of Prime Land with Approved Luxury Plans

Perched in a commanding position along one of Marino's most prestigious addresses, 69 The Cove Road presents a once-in-a-lifetime opportunity to secure an expansive 834m² allotment with a generous 15.51m frontage, boasting uninterrupted, panoramic ocean views and fully approved architectural plans for a luxurious, multi-level residence.

This exclusive parcel is perfectly positioned to take full advantage of the stunning coastline, offering not just a location, but a lifestyle of sun-soaked serenity, sea breezes, and striking sunsets. The hard work has been done - simply bring the vision to life.

The approved plans span three impressive levels of designer living, with a focus on space, sophistication, and seamless indoor-outdoor flow. Your future home will feature:

Read the full description

• Four generous bedrooms plus a dedicated study

• Multiple living areas thoughtfully spread across all levels

• Games room and separate kitchenette - ideal for guests or multigenerational living

• Private swimming pool with premium entertaining zones

• Expansive balconies capturing uninterrupted ocean views from all angles

• Double garage with internal access

• Designed to maximise elevation, privacy, and the exceptional coastal outlook

Whether you're a homeowner ready to build your dream coastal sanctuary or a developer looking for a high-end project in an unbeatable location, this offering is unmatched.

Why you'll love it:

• 834m² of prime land with 15.51m frontage

• Approved luxury home design included - ready to build

• Prestigious seaside address with sweeping ocean views

• Walk to Marino Rocks Café, coastal trails, reserves, and the beach

• Easy access to train station, schools, Westfield Marion, Brighton & Glenelg

• Surrounded by architecturally designed homes in a tightly held enclave

Opportunities of this calibre are exceptionally rare. This is your chance to create something extraordinary in one of Adelaide's most tightly held coastal communities.

While we have made every possible effort to ensure that the information provided is accurate, Ray White Hillcrest accepts no liability for any inaccuracies or exclusions (including but not limited to a property's land size, floor plans and size, overall condition). We recommend that if you are interested, to make your own inquiries and obtain your own legal advice where necessary.

RLA: 319212

Listing description written by Baldeep Dang, Ray White Hillcrest — 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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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.