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 › Richmond Ave
$984,100
For sale
$984,100
Last sold
7 Sept 2022
3
Bedrooms
2
Bathrooms
6
Car spaces
702 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
Asking
$984,100
7 Sept 2022 · derived via latest_sale
Local land rate: recorded House sales in Melrose Park (last 5 years) with land size have a median of $1,496/m² of land (n=45). 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
-14.4%
Median sale
Suburb $1,150,000
+0.44 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.
$61,879 on top of the price (6.3% extra)
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.
Pre-filled with Melrose Park's advertised median rent — not a rent for this listing.
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.
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 OCAuction Sat, 19th Sep - 10.30am (USP)
Built circa 1953, this solid brick cutie, has been upgraded and extended to transform a modest post war property into a comfortable 4 bedroom home with room for the whole family. A brilliant entertainer, the large living area spills out to the paved, undercover alfresco area and large lawn beyond.
Boasting four generous bedrooms, an entertainer's kitchen, multiple off-street parking and a great backyard, you can move right in and not have to spend a cent.
Open the Door to
- Everything you could want for a growing family
- Primary bedroom with huge walk in robe/dressing room filled with light from side courtyard.
- Storage solutions throughout the home
- 3 additional spacious Bedrooms, all with BIRs
- Entertainer's kitchen with long benchtops and views to the back garden
- Generous family living room filled with natural light and overlooking the garden
- Centrally located renovated bathroom
- Second large bathroom with spa bath
- Large laundry complete with built in benchtops and cupboard storage
- New ducted evaporative cooling and ducted gas heating
- Exceptional outdoor entertaining under the gabled pergola with roll down blinds creating an outdoor room that is perfect even in Winter
- Large backyard for kids to play, pets to roam or parties to be hosted
- Double garage that has been sectioned off to provide space for a home gym
- Single carport and additional off street parking
Close the door on
- Driving the kids to school – Zoned for Edwardstown Primary School, this is just a short walk away
- Not enough parking – as the family grows, there is room for up to 6 vehicles off street
- Making your own coffee - Beck's Bakehouse just across the road or take a short walk to Friends with Florence, nearby cafes and takeaway options will cater for a busy lifestyle.
Whether you are a young family looking for a home to grow into or a full house with teenagers needing their own space and somewhere to park all of those cars, 75 Richmond Ave can cater for it all. Get the dog you've always wanted, fill up the bedrooms and settle into a house that will feel immediately like your home. Rozelle Reserve is just around the corner with tennis courts, BBQ facilities, playground and great open space. Zoned for Unley High School and perfectly positioned between Adelaide and Flinders University, the convenient location, is the perfect compliment to this family favourite.
CT - 5502/582
Council - City of Mitcham
Zoning - SN - Suburban Neighbourhood
Year Built - 1953
Land Size - 702m² approx.
Total Built Area - 331m² approx.
Council Rates - $2,369.25 per year
SA Water Rates - $1,004.32 per year
Emergency Services Levy - $192.55 per year
All information or material provided has been obtained from third party sources and, as such, we cannot guarantee that the information or material is accurate. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions (including, but not limited to, a property's floor plans and land size, building condition or age). Interested potential purchasers should make their own enquiries and obtain their own professional advice. Ouwens Casserly Real Estate Pty Ltd partners with third party providers including Realestate.com.au (REA) and Before You Buy Australia Pty Ltd (BYB). If you elect to use the BYB website and service, you are dealing directly with BYB. Ouwens Casserly Real Estate Pty Ltd does not receive any financial benefit from BYB in respect of the service provided. Ouwens Casserly Real Estate Pty Ltd accepts no liability for any errors or omissions in respect of the service provided by BYB. Interested potential purchasers should make their own enquiries as they see fit.
RLA 275403
Listing description written by Sharon Gray, OC — reproduced as published, not verified by Districts.