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SA › Underdale › Henley Beach Rd

U17, 306 Henley Beach Rd, Underdale SA 5032

For saleHouse

$62,567,589

For sale

Asking

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $62,567,589 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $62,567,589(Listing record · 6 Aug 2026)
  • CalculationAsk is 5699% above the Underdale median recorded sale ($1,078,888, n=11, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Underdale's advertised median rent ($508/wk), implied gross yield would be 0.04% — 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

$62,567,589

Asking

No recorded sale for this property.

Underdale at a glance

3,176

People

$1,078,888

Median sale

$508/wk

Median rent

2.45%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Underdale report →

Vs Underdale

+5699.3%

Median sale

Suburb $1,078,888

-2.41 pp

Gross yield

Suburb 2.45%

Suburb median $1,078,888 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$62,567,589
Stamp Duty (South Australia)
$3,435,047
Transfer/Registration Fee
$656,813
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
$66,663,149

$4,095,560 on top of the price (6.5% 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

Pre-filled with Underdale's advertised median rent — not a rent for this listing.

Net yield
-1.46%
Annual cashflow (pre-tax)
$-4,165,612
Interest cover (DSCR)
-0.28
Annual rent
$26,416
Operating expenses
$938,514
Loan amount
$50,054,071
Annual interest
$3,253,515
Gross yield
0.04%

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$62,567,589available6 Aug 2026

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 $508/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

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 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

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

Underdale in one glance

Underdale at a glance

3,176

People

$1,078,888

Median sale

$508/wk

Median rent

2.45%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Underdale report →

Keep researching

  • Why Underdale? Read the area thesis →
  • What else is on the market in Underdale →
  • Other records on Henley Beach Rd →

Listing material

Listed by Ray White Albert Park

Stylish Townhouse Living in a Convenient Underdale Location

Positioned in a well-maintained group, this beautifully presented townhouse offers the perfect balance of comfort, convenience, and low-maintenance living. Whether you're a first home buyer, investor, or someone looking to downsize, this inviting home delivers a practical floorplan in a highly sought-after location.

The light-filled living area welcomes you inside, flowing through to a separate dining space and functional kitchen equipped with ample storage and everything needed for everyday living. Step outside to a private courtyard, creating a peaceful setting for entertaining guests or simply relaxing outdoors.

Upstairs, you'll find two generously sized bedrooms, both complete with built-in robes, serviced by a modern bathroom. With a secure carport, private balcony, and excellent access to local amenities, this home presents an outstanding lifestyle opportunity just minutes from the city and the beach.

Read the full description

Property Highlights

• Two bedrooms with built-in robes

• Light-filled living area

• Separate dining area adjoining the kitchen

• Functional kitchen with ample cupboard space

• Modern upstairs bathroom with separate shower

• Additional downstairs toilet for added convenience

• Private courtyard with handy garden shed

• Balcony off the upstairs bedroom

• Separate laundry with external access

• Split system air conditioning

• Secure carport

• Low-maintenance lifestyle in a well-kept community

Location Highlights

• Conveniently located between the Adelaide CBD and Henley Beach

• Minutes to Harbour Town Premium Outlets

• Close to local cafes, restaurants, and shopping centres

• Easy access to public transport along Henley Beach Road

• Nearby to quality public and private schools

• Short drive to Adelaide Airport

• Close to local parks, walking trails, and recreational facilities

• Approximately 10 minutes to Henley Beach

• Approximately 15 minutes to the Adelaide CBD

This is an excellent opportunity to secure a well-maintained home in one of Adelaide's most convenient western suburbs. Offering comfort, practicality, and an unbeatable location, it's ready for you to move in and enjoy. Don't miss your chance to make this fantastic property your own.

To place an offer on this property, please click the link here - https://portal.reaforms.com.au/purchaser/unit-17-306-henley-beach-road-underdale-sa-5032-bpkgs7rq1rcz2iqsydltmwab9

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 Rocco Monteleone, Ray White Albert Park — 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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