Lathlain at a glance
4,281
People
$1,540,000
Median sale
$660/wk
Median rent
2.23%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
$1,080,000
Last sold
25 Nov 2023
4
Bedrooms
1
Bathrooms
4
Car spaces
578 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$1,080,000
25 Nov 2023 · derived via latest_sale
Local land rate: recorded House sales in Lathlain (last 5 years) with land size have a median of $1,894/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
Lathlain at a glance
4,281
People
$1,540,000
Median sale
$660/wk
Median rent
2.23%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Lathlain
-29.9%
Median sale
Suburb $1,540,000
+0.95 pp
Gross yield
Suburb 2.23%
Suburb median $1,540,000 from 11 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 578 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 $660/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.
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 578 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
Lathlain at a glance
4,281
People
$1,540,000
Median sale
$660/wk
Median rent
2.23%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Century 21 Jones Property GroupCentury 21 Jones Property Group is proud to present 119 Howick Street, Lathlain. When it comes to prime real estate and unique opportunities it doesn't get much better than this! With Local Centre zoning, allowing for potential development into commercial shop front outlets and with Lathlain Place and Lathlain in general moving along so rapidly as a highly desired location, this may very well be one of the last opportunities you'll get to secure a piece of real estate such as this!
The location needs no real introduction but is positioned opposite the sought after Lathlain Primary School and Rayment Park and you'll be neighboring the popular Kettle café, Grain Bakery, Laika, Cosy Del's and so much more that have this precinct so lively and vibrant, and popular with locals and visiting patrons alike. With the West Coast Eagles now well and truly settled into Lathlain Oval along with the long-standing Perth Demons, this is a hub of activity and is now a suburb and precinct with an undeniable boutique edge!
Points to consider from a Commercial perspective when analysing this site:
* Mixed-use, commercial corner development site.
* Land area - 578 sqm approx. corner site.
* Existing improvement is a double storey house.
* Potential to create 4 shops facing Howick Street approx. 70 - 75m2 sqm each.
* Popular Lathlain Place precinct surrounded by cafes, bakery, hairdresser, day-care centre, close to the home of the AFL West Coast Eagles and Perth Demons.
* Prominent location opposite Lathlain Primary School and park.
The current dwelling is a residential home that can easily be used to lease out in the years ahead whilst you consider your future plans, and whilst modest internally still has a good amount of accommodation to house a family also. All the fantastic investment and development opportunities aside, for the owner/occupier looking for somewhere to reside but who also wants to purchase a property to secure their long-term future, this should be a property that is seriously considered, as opportunities like this are very few and far between!
Key features of the existing dwelling include:
UPSTAIRS:
* Bedroom 1 (Master bedroom) fitted with 3 door built in robe.
* Minor bedroom 2 with built in robe.
* Bedroom 3 with access to large balcony area.
* Living area with reverse cycle air-conditioning and access to balcony. This could also be used as a 5th bedroom is desired.
* Separate WC.
* Main bathroom with shower, bathtub and vanity.
DOWNSTAIRS:
* Entry area with storage cupboards and potential sitting area or study nook.
* Minor Bedroom 4, conveniently located downstairs.
* Large front lounge room.
* Kitchen with 900mm wide oven, 5 burner gas cooking and ample storage.
* Laundry with downstairs shower and outdoor access.
OUTDOOR AREAS / OTHER FEATURES:
* Large driveway offering the capacity to park multiple cars if needed.
* Double garage with high ceilings and access to the rear of the block. It also offers 3 phase power and has 2 remote roller doors.
* Large lawn area to the front of the property.
* Low maintenance paved outdoor areas to the rear of the block with garden shed, additional open storage space and outdoor WC.
If this sounds like just the versatile development property that you've been searching for then this is absolutely something you must be moving on quickly! For all further information call Matthew Jones on 0432 440 453 and book in your own private viewing today.
Disclaimer: The information provided is to be taken as general in nature and the buyer is encouraged to do their own due diligence on this site and its capabilities. All development applications and concepts are strictly subject to council approval and the seller or selling agent are not liable for any inaccuracies regarding this site.
Listing description written by Matthew Jones, Century 21 Jones Property Group — reproduced as published, not verified by Districts.