Madeley at a glance
7,416
People
$1,165,000
Median sale
$828/wk
Median rent
3.70%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
WA › Madeley › Russell Rd
$1,350,000
Last sold
9 Oct 2024
6
Bedrooms
2
Bathrooms
0
Car spaces
1,413 m²
Land
328 m²
Building
Districts View
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
Last sold
$1,350,000
9 Oct 2024 · derived via latest_sale
Local land rate: recorded House sales in Madeley (last 5 years) with land size have a median of $2,177/m² of land (n=89). Districts calculation from recorded sales — not a valuation.
Madeley at a glance
7,416
People
$1,165,000
Median sale
$828/wk
Median rent
3.70%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Vs Madeley
+15.9%
Median sale
Suburb $1,165,000
-0.51 pp
Gross yield
Suburb 3.70%
Suburb median $1,165,000 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,413 m² — that is not official geometry. 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 for this property.
Rental
No advertised rent is recorded. Suburb median rent $828/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. 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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,413 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
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.
Area
Madeley at a glance
7,416
People
$1,165,000
Median sale
$828/wk
Median rent
3.70%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Agency PerthTeam Rash from The Agency proudly presents a rare and exceptional development opportunity at 10 Russell Road, Madeley. Accessible via Westbury Lane, this property spans 1413 sqm with dual zoning of R20, situated in a vibrant urban community in the Northern suburbs of Perth. Merely a short drive from Perth's stunning beaches, this site offers a unique opportunity for developers to create a noteworthy project in a highly desirable area.
This last remaining infill site in the area is primed for development, with potential to demolish the existing home and subdivide into three street-front lots, subject to council approval. Alternatively, the property can be tailored to accommodate multiple tenants or a single occupant, depending on the investor's strategy.
For those considering a personal touch, the existing brick and tile home offers substantial living space that includes up to six bedrooms, two bathrooms, a study, and additional living areas such as a games room, formal dining area, and a sunken lounge. The open plan kitchen and casual dining area feature expansive sliding doors made of jarrah wood and glass, leading to well-maintained gardens and patios. The master suite includes a spacious bedroom with a walk-in robe and a large spa-bath in the ensuite bathroom.
Located steps away from Madeley Plaza and Madeley Primary School, and in close proximity to Kingsway Shopping Centre, Kingsway Sporting Complex, Acclaim Kingsway Christian College, and Ashdale Senior High School, the property is also only 18 km from Perth CBD. This combination of location, size, and potential makes it an excellent prospect for both developers and families looking to expand or renovate.
Offers are to be presented by the fixed date sale of June 4th, 2024, by 5 pm, with the owners reserving the right to accept an offer prior to the closing date. This property not only offers a significant development opportunity but also stands as a quality-built home that could be modernised to suit a range of needs and preferences.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Listing description written by Rash Dhanjal, The Agency Perth — reproduced as published, not verified by Districts.