West Lakes at a glance
8,035
People
$1,300,000
Median sale
$601/wk
Median rent
2.40%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
SA › West Lakes › Phillips St
$72,577,519
For sale
Asking
2
Bedrooms
2
Bathrooms
1
Car spaces
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
$72,577,519
Asking
No recorded sale for this property.
West Lakes at a glance
8,035
People
$1,300,000
Median sale
$601/wk
Median rent
2.40%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Vs West Lakes
+5482.9%
Median sale
Suburb $1,300,000
-2.36 pp
Gross yield
Suburb 2.40%
Suburb median $1,300,000 from 47 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$4,751,212 on top of the price (6.5% 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 West Lakes'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 $601/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.
Gross yield if leased at the suburb aggregate is 0.0%. 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
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
UnknownArea
West Lakes at a glance
8,035
People
$1,300,000
Median sale
$601/wk
Median rent
2.40%
Suburb gross yield
Median sale from 47 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Albert ParkPositioned within the contemporary Live West development and built in 2021, this stylish first-floor apartment presents an exceptional opportunity to secure modern, low-maintenance living in the heart of West Lakes. Combining quality finishes, a thoughtfully designed floorplan and an unbeatable lifestyle location, it offers the perfect home for first-home buyers, professionals, downsizers and investors alike.
Designed for effortless everyday living, the light-filled interior centres around an open-plan kitchen, dining and living space that flows seamlessly onto a spacious private balcony, creating the ideal setting for relaxing or entertaining. The sleek kitchen is finished with stone benchtops and quality BOSCH appliances, while engineered timber flooring, LED lighting and contemporary finishes enhance the home's modern appeal. Two generous bedrooms provide comfortable accommodation, including a master suite complete with a walk-in robe and ensuite, while the central bathroom incorporates a cleverly designed European-style laundry.
Completing the package is secure underground parking and an enviable lifestyle just moments from everything West Lakes has to offer. Enjoy cafés and restaurants at your doorstep, with Westfield West Lakes directly across the road for shopping, dining and entertainment. Surrounded by parks, reserves and the lake, and only 12km from the Adelaide CBD, this outstanding location delivers the perfect balance of convenience, connectivity and relaxed lakeside living.
Property Highlights
• Stylish first-floor apartment within the contemporary Live West development
• Built in 2021 with a modern brick façade and quality finishes throughout
• Two generously sized bedrooms, including a master suite with walk-in robe and private ensuite
• Second bedroom complete with built-in robe
• Both bedrooms are fitted with ceiling fans for added comfort
• Light-filled open-plan living, dining and kitchen designed for effortless everyday living
• Spacious private balcony, perfect for entertaining or unwinding outdoors
• Designer kitchen featuring stone benchtops, BOSCH 600mm electric oven, four-burner gas cooktop and integrated dishwasher
• Elegant engineered timber flooring throughout the main living areas
• Modern central bathroom with floating vanity, shower, toilet and integrated laundry with built-in storage and sink
• LED lighting throughout for a contemporary finish
• Ducted reverse cycle air-conditioning for year-round comfort
• Secure underground car park with convenient building access
• Low-maintenance lock-up-and-leave lifestyle in a highly sought-after lakeside location
• Ideal for first-home buyers, professionals, downsizers and savvy investors
Location Highlights
Perfectly positioned in the heart of West Lakes, you'll enjoy an unbeatable lifestyle with an exciting selection of cafés and restaurants located directly below the apartment, including Lombra, Café Brunelli and Zayt & Zaatar. Directly across the road, Westfield West Lakes provides supermarkets, retail shopping, dining and entertainment, while the nearby Mosaic Hotel is ideal for a relaxed meal or catch-up with friends.
A peaceful reserve behind the building offers a welcome escape, with the lake and surrounding walking trails only moments away. Families will appreciate the proximity to Green Leaves Early Learning, while Goodlife Health Clubs and Ngutungka West Lakes Library are all within easy reach. Located just 12km from the Adelaide CBD, this is a lifestyle address that perfectly balances convenience, connectivity and everyday enjoyment.
Only 12km from the Adelaide CBD and close to key amenities including Green Leaves Early Learning, Goodlife Health Clubs, and Ngutungka West Lakes Library, this exceptional location caters perfectly to families, professionals, downsizers, and investors seeking a connected, low-maintenance lifestyle by the lake.
To place an offer on this property, please click the link here - https://portal.reaforms.com.au/purchaser/unit-106-55-phillips-street-west-lakes-sa-5021-3aenj78ifli69a2pqdf5rkl92
Disclaimer: Neither the Agent nor the Vendor accepts any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and is advised to enquire directly with the agent to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
Listing description written by Bianca Nazzaro, Ray White Albert Park — reproduced as published, not verified by Districts.
Nearby 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.