OFF MARKET

993 South Road
Melrose Park SA 5039

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 679m2
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Property Details for 993 South Rd, Melrose Park

Building Type
Land
Land Size
679m2
Local Government
Mitcham
Lot/Plan
A208/F10246

Last Listing description (March 2015)

DEVELOPERS NOTE ? RIGHT OPPOSITE CASTLE PLAZA - 2406 m2 3 titles
WHAT A SITE! RARE DEVELOPMENT OPPORTUNITY (stcc) 2406 M2? GOOD HOLDING INCOME ($44,100 pa net ex GST)
FRONTAGE TO SOUTH RD 59 M x 40.54m depth **

CORNER POSITION (CORNER REGENT ST)
ZONED INDUSTRY/COMMERCE (Melrose Park) Policy Area 14
EXPOSURE TO OVER 46000 VEHICLES DAILY *
Sale by Expressions of Interest Closing 4pm Monday 2nd December 2013 (Unless sold before)
*Transport SA Survey average daily Traffic Volumes
** All areas/dimensions approximate

Property History for 993 South Rd, Melrose Park, SA 5039

A timeline of how this property has performed in the market
Last Sold
$3,500,000
14 Apr 2022
Listed for Rent
$671/w
01 Nov 2013
  • 14 Apr 2022
    Sold for $3,500,000
  • 24 Aug 2015
    Transferred
  • 24 Aug 2015
    Transferred
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About Melrose Park 5039

The size of Melrose Park is approximately 1.3 square kilometres. It has 4 parks covering nearly 1.5% of total area. The population of Melrose Park in 2011 was 2,134 people. By 2016 the population was 2,219 showing a population growth of 4.0% in the area during that time. The predominant age group in Melrose Park is 30-39 years. Households in Melrose Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melrose Park work in a professional occupation. In 2011, 66.6% of the homes in Melrose Park were owner-occupied compared with 68.2% in 2016.

Melrose Park has 1,192 properties. Over the last 5 years, Houses in Melrose Park have seen a 79.62% increase in median value, while Units have seen a 81.30% increase. As at 30 November 2024:

  • The median value for Houses in Melrose Park is $1,057,787 while the median value for Units is $588,204.
  • Houses have a median rent of $598 while Units have a median rent of $400.
There are currently 2 properties listed for sale, and 1 property listed for rent in Melrose park on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Melrose park.

Suburb Insights for Melrose Park 5039

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.