Midvale at a glance
3,365
People
$802,500
Median sale
$600/wk
Median rent
3.89%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
$470,000
Last sold
31 Aug 2023
4
Bedrooms
2
Bathrooms
4
Car spaces
1,052 m²
Land
100 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
$470,000
31 Aug 2023 · derived via latest_sale
Local land rate: recorded House sales in Midvale (last 5 years) with land size have a median of $1,403/m² of land (n=70). Districts calculation from recorded sales — not a valuation.
Midvale at a glance
3,365
People
$802,500
Median sale
$600/wk
Median rent
3.89%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Vs Midvale
-41.4%
Median sale
Suburb $802,500
+2.75 pp
Gross yield
Suburb 3.89%
Suburb median $802,500 from 24 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 1,052 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 $600/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 1,052 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
Midvale at a glance
3,365
People
$802,500
Median sale
$600/wk
Median rent
3.89%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by HouseSmart Real EstateSituated on a huge 1,052 square metre block is this potential duplex house opportunity where you can rent out, renovate and make it your home, or utilise the R20/50 zoning to develop. With four bedrooms and two bathrooms overall - each side to this house has two bedrooms and one bathroom - there is plenty of space to work with!
Property Highlights:
- Early 1900's home with some renovations throughout
- Two separate sides: A and B
- Two bedrooms, one bathroom to each side
- Seperate water metres to each side
- One electric meter (Side B) and one sub meter (Side A)
- Gas connection to Side B
- Front yards with gates to each side
- Side A includes split-system air conditioning to the living area
- Characteristic style maintained throughout with potential to renovate
Investor Summary:
- This property is currently vacant and ready for immediate occupation
- Estimated market rent for each side is approximately $360 per week
- Given a purchase price of $450,000 and market rent, the estimate rental yield for this property is 8.34%, given that both sides are rented out.
- HouseSmart Real Estate is highly active in Midvale and the surrounding areas, and can provide high-quality property management services throughout the course of the tenancy and beyond.
Side A: Set behind secure gates, this two-bedroom, one-bathroom home also includes a sleepout, large living area with split-system air conditioning, a patio and lawn area to rear. The kitchen area features plenty of cupboardry, an electric oven, and floor-board style flooring. The dining area features high ceilings, and the windows throughout are well-positioned and quite tall, to allow in maximum lighting. The backyard has a patio for an outdoor table and chairs, and the grass lawn allows plenty of room to run about. There is separate fencing to the properties, to allow for privacy.
Side B: To the left hand side of the property, this unit has roller shutters, a carport area, side gate access to the rear, and a courtyard with lawn to the front. To the inside, there is a sleepout area for extra room, as well as a living area, two bedrooms, and one bathroom. The kitchen features plenty of bench space, a double sink, and gas hotplates. The bathroom includes a shower plus bath, and decorative tiling. To the back of this side, there is another patio, as well as a large backyard of approximately 400 square metres, not including the drive-through access to the road.
Perfectly situated nearby schools and shops, including walking distance to Midvale Primary School (650m) and Midland Gate Shopping Centre (1.6km), there is a prime opportunity here to develop, rent, or renovate. The zoning of R20/50 means that, subject to council/planning commission approval, there is potential to built a maximum of two lots. The side access to the rear means that with approval, this may be easily able to be achieved by retaining the current house and building at the back).
There is a lot you can do with this property, with four bedrooms, two bathrooms overall, two sides/units presenting ample opportunity, and a good land size for potential future development. Make sure you don't miss out on this one!
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.