40A Winchester Street · Malvern SA 5061

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Currently listed — $2,480,000 ▼ Reduced 16% · $470k · 3 weeks ago

4 bed · 2 bath · 2 car · House · 628 m² land

Asking price cut 16% ($470k, from $2,950,000 to $2,480,000) 3 weeks ago. The vendor has already moved once: negotiate below the NEW asking, not at it.

View the live listing →

Your buyer evidence guide

Understand the home before the offer.

The useful records, what they mean, and the questions they leave open. Start here, then explore the evidence below.

The listing we observed

4 bedrooms · House

Listing details describe the advertised home. They do not verify its condition or approved use.

Noakes Nickolas - RLA 315571 · last observed 13 Oct 2026

How much price evidence fits

21 sales in the wider suburb/type pool

The wider pool is not a set of identical homes. Bedroom count, condition and location within the suburb affect comparability.

Published auction evidence · model trained through an unavailable cutoff

What deserves a closer look

  • price cut $470k — to $2.48M
  • asking $2.95M
  • our tracking restarted after a six-week portal gap — the campaign start is unknown, this is not a listing date

These are recorded events, not evidence of the seller's motivation.

What we still cannot tell you

  • No settled-sale history is available in this page's records. This does not mean the home has never sold.
  • Direct price support is limited. Read the comparable sales and the estimate's uncertainty together.
  • Public records and an automated estimate cannot establish whether the home is defect-free, what the contract contains, or why the owner is selling.
Questions to take to the inspection

Use these with the agent and your independent advisers. An answer is something to verify, not a fact we have recorded.

  1. Which recent sales are most comparable to this home, and how do their size, condition and position differ?
  2. What repairs, alterations or water issues are documented, and what can an independent inspection verify?

The estimate is a model output. The records are evidence. Your inspection and document checks fill the gaps.

Is the asking price plausible?

This is a comparison with the evidence we hold, not a valuation or a recommended offer.

CONSERVATIVE
$2.13M
the calibrated floor
LIKELY FAIR RANGE
$2.13M–$2.7M
around $2.41M mid
STRETCH CAP
$2.7M
$3.12M on the wider 80% band

Confidence: Low — based on 21 comparable auction sales (7 of this exact configuration) · model runs ±12% for this configuration · confidence held at Low — under 20 same-configuration sales · adjusted for this block's land size · the model's typical miss is ~11% against published results — every hit and miss

How this estimate was made
  • Method: Comparable-sales grid · version 2026-08-11-v5
  • Inputs used for this home: no per-address records were available; this uses location and configuration only
  • Comparable support: 21 sales in the wider suburb/type pool; 7 of this exact configuration
  • When to be more cautious: Condition, aspect, renovation and the contract are not model inputs and can move the eventual sale price.

Comparable auction sales

AddressConfigSoldWhen
17 Austral Tce4 bd · 2 ba$2.67MMar 2025
62 Malvern Av4 bd · 2 ba$1.86MAug 2024
41 Cambridge Tce4 bd · 1 ba$1.92MMay 2024
145 Fisher St4 bd · 3 ba$2.73MNov 2022
Where every number comes from
  • Fair value: Comparable-sales grid 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
  • Comps: published Domain auction results for Malvern — suburb × configuration matches, not hyper-matched to this address
  • Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated

What changed recently?

  • 14 Aug 2026 our tracking restarted after a six-week portal gap — the campaign start is unknown, this is not a listing date
  • 28 Aug 2026 asking $2.95M
  • 2 Oct 2026 price cut $470k — to $2.48M

What to inspect before you offer

  • Condition, aspect, renovation and the contract — these can materially change price, and the estimate cannot see them.

These are due-diligence prompts, not a verdict on this property.

Land — for a house, the land is the asset

628 m²

A house's size is its land. An apartment's advertised "size" can include car space and balcony — the two are never comparable and this site never pools them. Lot details and planning controls sit under Explore the area.

Similar properties — on the market now

$2,490,000 15 Malvern Avenue Malvern 4 bed · 2 bath · 2 car ▼ Reduced 9.5% · $260k · 7 days ago $2,500,000 Residence 2/1184 Malvern Road Malvern 4 bed · 2 bath · 2 car $2,500,000 9 Silver Street Malvern 3 bed · 2 bath · 2 car $2,500,000 26 Cleland Avenue Dulwich · 2.9 km away 4 bed · 4 bath · 3 car $2,450,000 5 Lysterville Avenue Malvern 4 bed · 3 bath · 2 car $2,550,000 60A Dover Street Malvern 4 bed · 2 bath · 5 car

The 6 listings above are on the market now: same house category, within 1 bedroom of 4, asking within 20% of this one, in Malvern or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.

Want the numbers agents don't volunteer?

Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.

Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.