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 › Penang Ave
$931,000
Last sold
13 Nov 2021
2
Bedrooms
1
Bathrooms
2
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
Last sold
$931,000
13 Nov 2021 · 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
-19.0%
Median sale
Suburb $1,150,000
+0.62 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 Smallacombe Real Estate Mitcham~ Auction: Saturday 13th November @ 12:30pm ~
This solid brick home has been beautifully kept and proudly maintained for over 60 years by the one owner. Perfectly located in a pretty tree lined street with a fabulous park and tennis courts just a few doors away.
Set on a 702sqm allotment with a 16.4m frontage (approx.) and boasting a fabulous north facing back yard, this home is ideal now and perfect to renovate &/or extend (subject to consents) in the future.
With a welcoming entrance hallway, the home has a flexible floorplan including:
* Generous size living room with a fireplace (combustion heater), split system air conditioner and glass sliding doors to the kitchen and dining
* Neat kitchen providing good storage, with adjacent dining area
* 2 good size bedrooms in the main part of the home ~ the master has a ceiling fan ~ with potential to create a 3rd bedroom
* Fabulous family/rumpus room ~ also solid brick construction ~ offering the perfect place to relax with the northerly aspect filling the room with winter sunshine & a flow of living from inside to out provided by sliding glass doors. This room is currently utilised as an additional dining and large living room with gas heating, but with loads of flexibility it could easily be converted to a large master bedroom &/or study/home office to suit your needs
* Neat and functional bathroom, laundry & separate toilet
* Enclosed porch providing another area to enjoy the sun or utilise as a study
* Roller shutters
* Tidy and secure yard with a large undercover entertaining area
Immediately liveable and with so much potential to add that highly sought after north facing extension (subject to all consents).
Additional extras include; Timber boards (under floor coverings), large garage/workshop plus carport for 2 vehicles.
All in a brilliant location showing incredible growth! Walk to a number of cafes, restaurants and shops on Winston Avenue, including Beck's Bakehouse, The Middle Store, The Little Fig & close to Jin's Bibimbar.
Close to Edwardstown Primary school and within easy access to a number of other excellent schools and colleges. Enjoy the local park (Rozelles Reserve) & tennis courts, and you can be in the city in minutes.
** The health and wellbeing of our clients, the community and our team is extremely important to us. Whilst we encourage people to continue property viewings, in the current circumstances surrounding COVID-19 we ask that you respect others' health. If you or others that you may have been in contact with, have returned from any interstate or overseas destination within the last 14 days or you are displaying any flu like symptoms please do not attend property viewings. **
Council: City of Mitcham
Council Rates: $1,510.70 per annum
SA Water: $171.75 per quarter
ESL: $102.20 per annum
Land Size: 702sqm (approx.)
Year Built: 1955
Zoning: Suburban Neighbourhood
Listing description written by Paul Stanton, Smallacombe Real Estate Mitcham — reproduced as published, not verified by Districts.