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SA › Athelstone › Gorge Rd

U4, 294 Gorge Rd, Athelstone SA 5076

For saleTownhouse

$789,849

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $789,849 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $789,849(Listing record · 21 Aug 2026)
  • CalculationAsk is 31% below the Athelstone median recorded sale ($1,140,000, n=35, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Athelstone's advertised median rent ($620/wk), implied gross yield would be 4.08% — 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

$789,849

Asking

No recorded sale for this property.

Athelstone at a glance

10,003

People

$1,140,000

Median sale

$620/wk

Median rent

2.83%

Suburb gross yield

Median sale from 35 recorded sales (last 12 months) — a Districts calculation.

See the full Athelstone report →

Vs Athelstone

-30.7%

Median sale

Suburb $1,140,000

+1.25 pp

Gross yield

Suburb 2.83%

Suburb median $1,140,000 from 35 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$789,849
Stamp Duty (South Australia)
$37,272
Transfer/Registration Fee
$8,123
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
$838,944

$49,095 on top of the price (6.2% 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 Athelstone's advertised median rent — not a rent for this listing.

Net yield
2.58%
Annual cashflow (pre-tax)
$-20,680
Interest cover (DSCR)
0.50
Annual rent
$32,240
Operating expenses
$11,848
Loan amount
$631,879
Annual interest
$41,072
Gross yield
4.08%

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$789,849available21 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 $620/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 4.1%. 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

Athelstone in one glance

Athelstone at a glance

10,003

People

$1,140,000

Median sale

$620/wk

Median rent

2.83%

Suburb gross yield

Median sale from 35 recorded sales (last 12 months) — a Districts calculation.

See the full Athelstone report →

Keep researching

  • Why Athelstone? Read the area thesis →
  • What else is on the market in Athelstone →
  • Other records on Gorge Rd →

Listing material

Listed by Harcourts Sheppard

Contemporary and Modern Convenience with Space, Style & Security

Privately positioned secure living and set well back from Gorge Road, this beautifully presented residence offers the perfect combination of privacy, security and contemporary living. Fresh, modern and beautifully presented, this home was built in 2025, meaning you can move straight in and enjoy the benefits of contemporary construction without the maintenance and renovation concerns of an older property.

From the moment you arrive, the fully secure front yard provides a wonderful sense of space and privacy, creating a safe and inviting outdoor area that is ideal for entertaining, relaxing or simply enjoying your own private retreat. With duel street access from Maryvale Road and Gorge Road this property boast convenience.

Inside, the thoughtful two storey design separates living and accommodation beautifully. The two generous bedrooms are positioned downstairs and serviced by a lovely central bathroom, while upstairs is dedicated to the main living spaces and main bedroom and ensuite, creating a practical layout that offers excellent separation and flexibility.

Read the full description

Upstairs, the light-filled open plan living and dining area provides the perfect setting for everyday living and entertaining, complemented by a modern kitchen featuring an integrated dishwasher and quality contemporary finishes.

The stylish ensuite is equipped with a full size bath and separate shower plus twin vanity that adds another layer of convenience, while the European laundry is cleverly incorporated to maximise space without compromising on style.

Features we Love:

• Fully secure and enclosed private yard

• Two spacious bedrooms downstairs with main living upstairs and bedroom upstairs

• Double lock garage for two vehicles with internal access

• Loads of natural throughout with large windows making the most of the Northerly aspect and gorgeous sunsets for you to enjoy daily

• Modern kitchen with integrated dishwasher

• Stylish ensuite with full-size bath

• European-style laundry

• Contemporary finishes throughout

• Built in 2025

• Low-maintenance living

• Excellent privacy and security

• Reverse cycle ducted A/C for year round comfort

Whether you're a first home buyer, professional couple, downsizer or savvy investor, this beautifully designed residence offers a fantastic opportunity to secure modern, low-maintenance living in a highly sought-after Athelstone location.

Outgoings:

Council: Campbelltown City Council

Council Rates: $1334.35pq (approx.)

Neighbourhood: Suburban Activity Centre

SA Water: $191.85pq

Community Title

School Zoning:

Thorndon Park Kindergarten (3-5 Years Old)

Athelstone School (Reception - Year 6)

Charles Campbell College ( Year 7 - Year 12)

Disclaimer: The information contained in this listing has been obtained from sources considered reliable. However, no guarantee is provided as to its accuracy, and no responsibility is accepted for any errors or omissions, including (but not limited to) details relating to land size, floor plans and measurements, building age, or condition. Interested parties are encouraged to conduct their own investigations to verify the information provided. If this property is scheduled for auction, the Vendor's Statement will be available for inspection at our Harcourts Sheppard office for three consecutive business days immediately prior to the auction and at the auction for 30 minutes beforehand

Listing description written by Sarah Sheppard, Harcourts Sheppard — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
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.