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.
2
Bedrooms
1
Bathrooms
2
Car spaces
744 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Lathlain (last 5 years) with land size have a median of $1,893/m² of land (n=58). 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.
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 744 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 744 m² — that is not official geometry.
Nearby development pipeline
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 HouseSmart Real EstateWelcome to this classic home in Lathlain, situated within a prime position, within approx. 15 minute walk to the train station and 15 minute drive to the Perth CBD. With 744 square meters of pure opportunity, this home is a great find and certainly one to hold on to for the future. Currently rented out to a long-term tenant on a periodic basis, there is ability here to continue renting out the home for immediate investment, and down the line either renovate the home or build a new home. What will you do with this jewel of Lathlain?
Property Highlights:
- Brick and tile structure with a 1950s design
- Spacious living area with timber floorboards and an open brick fireplace
- Kitchen with 1950s features with plenty of cabinetry and shelving
- Two bedrooms with timber-framed windows and jarrah floorboards
- Large outdoor area with a fully fenced block with wide side areas
- Located in Lathlain, near transport and amenities
- Spacious rear sleepout area with potential for conversion into more enclosed living spaces
- This property is being sold is "as is" condition
Investor Summary:
- This property is currently tenanted (with a long-term tenant) on a periodic basis for $500 per week
- With renovations, the market rent for this property is around $550 per week
- HouseSmart Real Estate is highly active in Lathlain and the surrounding areas, and can provide high-quality property management services throughout the duration of the tenancy and beyond.
Development Summary:
- This property has a land size of around 744 square meters (including approx. 20 meter frontage)
- Zoning for this property is R20. It is not currently subdivisible however does have a large land area and great position for future holding
- We recommend contacting the city council for confirmation of any requirements for the home.
Originally built in 1950, this home retains a lot of the historical characteristics that bring charm and personality to the property. Set back from the road, the home has a nice view out to the front of the street, and being positioned on the hill you have the view out to the surrounding areas. The house has a brick and tile build, with a front verandah (complete with a window) and back sleepout area. Inside there are two bedrooms, a large kitchen area, and front living room.
Entering the home, you are welcomed in to the entry area, from which you can access the two bedrooms, front living area, or go on through to the kitchen. Set up with deluxe property features that compliment the home nicely, it is easy to see how beautiful each room would be if renovated completely. High ceilings throughout, timber frame windows, jarrah floorboards, decorative cornices, wooden shelving, glass frame doors and colourful walls are just some of the unique characteristics that make this property feel like a "home" - features that are often missed in the new box homes of today!
You can see that this property has been lived in and loved by the current tenants. The two bedrooms provide a multitude of space, and from the rooms you have large windows for natural light. To the rear of the home you have the sleepout area, which is enclosed, and which has been converted in to a lovely little music area for the current occupants. Nearby to this sleepout is the kitchen which has plenty of cabinetry and shelving for storage.
Are you tired of a tiny courtyard? Well this home has more than that - it has a massive backyard, with room to transform it in to the outdoor space you always dreamed of. Currently home to various trees, these provide plenty of shade so you can sit outdoors in the heat, and also give a sense of greenery and liveliness to the home. This rear yard is fenced to the back, and the side yard is wide enough to allow for drive-through access if the trees are cut back.
The property is located in Lathlain, near Burswood train station (around 15 minutes walk!), Crown (with a multitude of restaurants, bars and nightlife options) and Optus Stadium. Also nearby are plenty of walking paths, biking paths, and of course the Swan River. The home has close links to both Great Eastern Highway and Graham Farmer Freeway, bringing you to the Perth CBD in approx. 15 minutes drive! Buses are available on Gallipoli Street.
There is so much to love about this gorgeous home - as it is, and also how it may be in the future. This is a fantastic piece of land which could be transformed in to an amazing area. Currently rented out, the tenants have made it their place of belonging, and the love to the home is obvious. Will you fall in love with this home too?
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.
Nearby 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.