Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
WA › Albany › Serpentine Rd
$1,300,000
Last sold
7 May 2026
4
Bedrooms
1
Bathrooms
12
Car spaces
966 m²
Land
Districts View
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
$1,300,000
7 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Albany (last 5 years) with land size have a median of $1,192/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Albany
+30.0%
Median sale
Suburb $1,000,000
-0.69 pp
Gross yield
Suburb 2.99%
Suburb median $1,000,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ALBANY
Zone
Residential
1
Jurisdiction
Albany
Albany, WA
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.
The official layer was queried and no bushfire risk zone was detected on this parcel (Landgate SLIP, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
The official layer maps a heritage listed area touching the boundary of this parcel — at the edge, not across it (Landgate SLIP, retrieved 31 Aug 2026). Verify the mapped extent against the title before relying on it either way — this is not an all-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 966 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.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $575/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 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.
2 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 966 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?
KnownmediumOfficial parcel about 969 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Mason Realty AlbanyIdeal in its current form as an office, or convert back to a spacious family home, this character 1920's building offers flexibility of use and a very central location. With harbour views straight down Collie Street, and overlooking the CBD, everything is within easy walking distance. The large 966m2 block offers plenty of space, parking and potential for subdivision down the track.
Elevated from the road and with an elegant facade, this is a proud building constructed in Albany brick. The entry is welcoming and impressive - a solid timber door with leadlight surround opens up to a wide central hallway with high ceilings, deep coves, picture rails and a ceiling rose. There is currently a panel that separates the front and rear tenancies, but that is easily removed if desired.
The front two rooms either side of the hallway are spacious and retain heritage features such as high skirtings and fireplaces. To the enclosed side of the verandah is a toilet and kitchenette.
The rear tenancy is larger, with two rooms of similar size to the front, plus a very large meeting room with store - again, with the heritage trademarks you would expect. There is also a large reception, a kitchen area, entry foyer and bathroom. Access is from the back through the undercover parking area.
In terms of returning the property to a house, you effectively have 4 bedrooms, a large lounge, spacious kitchen / meals area plus bathroom. Of course, the flexibility is there to configure the property to suit your own wishes.
Features include:
- 1920's character building suitable for office or home
- Elevated facade with established gardens
- City and harbour views
- Large 966m2 lot with R40, Mixed Use zoning
- Potential for subdivision / redevelopment (STCA)
- 5 rooms, kitchen / reception, kitchenette, 1.5 bathrooms
- Parking for around 12 cars onsite including 2-3 undercover bays
118 Serpentine Road represents quite a rare opportunity to acquire a lovely heritage building in a very central location with such flexibility of use. The current tenants are keen to stay, however owner occupiers (both commercial and residential) will not have to wait too long to move in.
Please contact the agents for further information or to arrange a private inspection. As there are businesses operating from the premises, adequate notice must be provided for inspections.
Listing description written by Rob Mason, Mason Realty Albany — reproduced as published, not verified by Districts.