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SA › Magill › Greer Pl

U3, 2A Greer Pl, Magill SA 5072

For saleUnit

$412,026

For sale

Asking

3

Bedrooms

1

Bathrooms

2

Car spaces

312 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $412,026 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $412,026(Listing record · 10 Aug 2026)
  • FactLand 312 m²; no building size recorded.(Property record)
  • CalculationAsk is 68% below the Magill median recorded sale ($1,285,000, n=57, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Magill's advertised median rent ($639/wk), implied gross yield would be 8.06% — 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

$412,026

Asking · $1,321/m² of land

No recorded sale for this property.

Magill at a glance

10,459

People

$1,285,000

Median sale

$639/wk

Median rent

2.59%

Suburb gross yield

Median sale from 57 recorded sales (last 12 months) — a Districts calculation.

See the full Magill report →

Vs Magill

-67.9%

Median sale

Suburb $1,285,000

+5.47 pp

Gross yield

Suburb 2.59%

Suburb median $1,285,000 from 57 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$412,026
Stamp Duty (South Australia)
$16,931
Transfer/Registration Fee
$4,238
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
$436,895

$24,869 on top of the price (6.0% 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 Magill's advertised median rent — not a rent for this listing.

Net yield
6.56%
Annual cashflow (pre-tax)
$5,622
Interest cover (DSCR)
1.26
Annual rent
$33,228
Operating expenses
$6,180
Loan amount
$329,621
Annual interest
$21,425
Gross yield
8.06%

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$412,026available10 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 $639/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 8.1%. 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

Magill in one glance

Magill at a glance

10,459

People

$1,285,000

Median sale

$639/wk

Median rent

2.59%

Suburb gross yield

Median sale from 57 recorded sales (last 12 months) — a Districts calculation.

See the full Magill report →

Keep researching

  • Why Magill? Read the area thesis →
  • What else is on the market in Magill →
  • Other records on Greer Pl →

Listing material

Listed by Real Simple Real Estate

Private, Spacious & Secure Living in the Heart of Magill

Tucked away in a peaceful and private setting, this beautifully presented three-bedroom home offers an impressive combination of space, security and low-maintenance living in one of Adelaide’s most sought-after eastern suburbs.

Set on approximately 312m² and freshly painted throughout, the home is ready to enjoy from day one. With two separate living areas, generous bedrooms, secure garaging and a surprisingly spacious rear yard, the floorplan provides far more room than you might expect from a unit.

Step inside through the welcoming entrance and you’ll immediately appreciate the practical layout. The separate front lounge creates a comfortable retreat away from the main living zone, while the central open-plan living and dining area forms the heart of the home. Light-filled and spacious, it connects effortlessly with the kitchen and outdoor entertaining area.

Read the full description

The functional kitchen offers excellent storage, dishwasher and breakfast bar, while sliding doors from the dining area open to the covered pergola – perfect for relaxed entertaining, morning coffee or enjoying the outdoors year-round.

All three bedrooms are generously proportioned, with built-in robes to Bedrooms 1 and 2. The main bedroom is particularly spacious and features an attractive bay window. A central bathroom with separate bath and shower is complemented by a separate WC and dedicated laundry.

Outside, buyers will love the spacious and private backyard, offering considerably more outdoor space than typically associated with unit living. There is room for children, pets, gardening or simply creating your own peaceful outdoor retreat.

A secure garage with roller door provides direct access alongside additional off-street parking, adding to the home’s sense of privacy and security.

The location is another major drawcard. Magill offers excellent access to The Parade, local shopping, cafés, parks, public transport and the Adelaide CBD. Families will particularly appreciate the area’s schooling options, with Magill School and Norwood International High School both located within the suburb and operating zoned enrolments; purchasers should confirm the property’s current zoning directly with the Department for Education.

Features you’ll love:

Three spacious bedrooms

Built-in robes to Bedrooms 1 & 2

Freshly painted throughout

Two separate living areas

Generous open-plan living and dining

Functional kitchen with dishwasher and breakfast bar

Central bathroom with separate bath and shower

Separate toilet

Dedicated laundry

Ducted air conditioning

Covered outdoor entertaining/pergola

Spacious, private rear yard

Secure garage with roller door

Additional off-street parking

Private and secure setting

Approximately 312m² of land

Approximately 114m² of internal living, plus garage, pergola and porch as shown on the supplied floorplan

Built circa 2002

Highly desirable eastern-suburbs location, approximately 7km from the Adelaide CBD

Whether you’re a first-home buyer wanting more space, a downsizer who isn’t ready to give up a backyard, a young family seeking an eastern-suburbs lifestyle or an investor looking for a quality property in consistently popular Magill, 3/2A Greer Place is an opportunity with broad appeal.

Private. Secure. Surprisingly spacious. And ready to move straight into

Listing description written by Karina Highman, Real Simple Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Fully Fenced
  • Living Areas: 1
  • Outdoor Entertaining
  • Reverse Cycle Aircon
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.