Ridgehaven at a glance
4,293
People
$900,000
Median sale
$582/wk
Median rent
3.36%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
SA › Ridgehaven › Fleming Ave
For sale
For sale
10
Bedrooms
5
Bathrooms
5
Car spaces
1,510 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
No recorded sale price for this property yet.
Ridgehaven at a glance
4,293
People
$900,000
Median sale
$582/wk
Median rent
3.36%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
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 $582/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
Ridgehaven at a glance
4,293
People
$900,000
Median sale
$582/wk
Median rent
3.36%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White NorwoodA truly rare offering of all five individually titled residences within this well-maintained Fleming Avenue complex, this is a rare chance to acquire an entire development with every unit already tenanted and generating income from day one. Rather than building a portfolio one property at a time, investors can secure five established rental assets in one connected north-east location - creating an immediate revenue stream alongside valuable long-term holding potential. Generating an annual income of $125,320 for the current tenancies in place, with potential for future rental growth.
Each unit offers a spacious and practical two-bedroom layout, with light-filled living and casual meals zones flowing into contemporary kitchens featuring excellent bench space and ample storage. Well-sized bedrooms, updated bathrooms, separate laundries and split-system air conditioning reinforce their enduring tenant appeal, while private outdoor areas add lifestyle space rarely associated with conventional unit living. Modern updates provide comfortable interiors as they stand, with further scope to cosmetically enhance individual residences over time and potentially strengthen future returns.
Positioned moments from Westfield Tea Tree Plaza, the group places major shopping, supermarkets, dining, cafés, cinemas and public transport within effortless reach. This combination of established occupancy, everyday tenant convenience and the simplicity of five residences held within one compact complex makes it an exceptional proposition for seasoned investors, syndicates or buyers ready to secure scale, instant income and long-range value in one strategic acquisition.
FEATURES WE LOVE
• Rare opportunity to acquire all five units within one well-maintained residential complex
• Individually titled
• Every residence currently tenanted, providing an immediate rental income stream
• Spacious living + casual meals zones filled with natural light
• Contemporary kitchens featuring excellent bench space + ample storage
• Two well-sized bedrooms to each residence with wide windows
• Neat bathrooms + separate laundries
• Private outdoor areas adding valuable lifestyle appeal
• Comfortable, established interiors with scope for future cosmetic enhancement
• Strong long-term holding credentials in a highly connected north-east pocket
Current tenancies are as follows:
• Unit 1/26 - $490 per week
• Unit 2/26 - $450 per week
• Unit 3/26 - $490 per week
• Unit 4/26 - $490 per week
• Unit 5/26 - $490 per week
LOCATION
• Easy reach to a variety of leafy reserves + playgrounds for your daily dose of Vitamin D
• A leisure stroll to Modbury Primary, as well as a long list of local cafés/takeaway options
• Moments from bustling TTP for more dining destinations, department store + brand name retailers, as well as weekend entertainment
• Great access to the O-Bahn Interchange for traffic-free commutes to Adelaide CBD
Disclaimer: As much as we aimed to have all details represented within this advertisement be true and correct, it is the buyer/ purchaser's responsibility to complete the correct due diligence while viewing and purchasing the property throughout the active campaign.
Norwood RLA 278530
Property Details:
Council | TEA TREE GULLY
Zone | HDN - Housing Diversity Neighbourhood
Land | 1,510sqm(Approx.)
Built | 1975
Council Rates | $TBC pa
Water | $TBC pq
ESL | $TBC pa
Listing description written by Oliver Bishop, Ray White Norwood — reproduced as published, not verified by Districts.