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
$64,568,589
For sale
Asking
1
Bedrooms
1
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
$64,568,589
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
+4866.8%
Median sale
Suburb $1,300,000
-2.35 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.
$4,226,615 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 a modern apartment complex in the heart of West Lakes, this beautifully presented residence offers an exceptional opportunity to enjoy a low-maintenance lifestyle with everything you need right at your doorstep. Showcasing contemporary finishes, and elevated views from a private balcony, this stylish apartment is perfectly suited to first-home buyers, professionals, downsizers, or savvy investors.
Designed for effortless everyday living, the open-plan layout seamlessly combines the kitchen, dining, and living areas to create a welcoming and functional space. Large windows invite an abundance of natural light throughout the home, while the private balcony provides the perfect spot to relax and enjoy the outlook over the surrounding precinct.
Offering a spacious bedroom, a versatile second room, and a modern bathroom with quality finishes, this apartment has been thoughtfully designed to maximise both comfort and practicality. Whether you're looking for your next home or an easy-care investment in a premium lakeside location, this property delivers outstanding lifestyle appeal.
Property Highlights:
• Contemporary top-level apartment in a modern West Lakes complex
• Elevated private balcony with open views across the football oval and surrounding precinct
• Spacious open-plan living and dining area
• Modern kitchen featuring quality appliances, and integrated dishwasher
• Main bedroom with a mirrored built-in robe and ceiling fan
• Versatile second room ideal as a home office, nursery, dressing room, or guest accommodation
• Contemporary bathroom with large shower, floating vanity, and toilet
• European-style laundry with built-in cabinetry and sink
• LED downlights throughout
• Ceiling fans installed in both the living area and bedroom
• Ducted air conditioning
• Timber-look flooring throughout the living areas
• Secure underground car park
• Secure apartment living with lift access
Location Highlights:
• Situated in the heart of the thriving West Lakes precinct
• Moments from Westfield West Lakes, offering shopping, cafes, restaurants, supermarkets, and entertainment
• Walking distance to the beautiful West Lakes shoreline, reserves, and walking trails
• Surrounded by popular cafe, dining options, and everyday conveniences
• Close to public transport for an easy commute to the Adelaide CBD
• Nearby quality schools, childcare centres, and community facilities
• Short drive to Adelaide's beautiful western beaches including Grange, Tennyson, and Semaphore
• Approximately 20 minutes to the Adelaide CBD
Whether you're searching for your first home, a convenient lock-up-and-leave lifestyle, or a quality investment opportunity, this stylish apartment ticks all the boxes. Offering contemporary living, functional spaces, and an unbeatable West Lakes location, it's a fantastic opportunity to secure a home in one of Adelaide's most desirable lifestyle destinations. Enquire today and discover everything this impressive apartment has to offer.
To place an offer on this property, please click the link here - https://portal.reaforms.com.au/purchaser/unit-305-55-phillips-street-west-lakes-sa-5021-94tgzhxtk5h8hfmnzb2ycjpdp
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.