South Lake at a glance
6,427
People
$931,000
Median sale
$670/wk
Median rent
3.74%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
WA › South Lake › Elderberry Dr
$467,500
Last sold
3 Oct 2022
3
Bedrooms
1
Bathrooms
1
Car spaces
700 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
$467,500
3 Oct 2022 · derived via latest_sale
Local land rate: recorded House sales in South Lake (last 5 years) with land size have a median of $1,064/m² of land (n=144). Districts calculation from recorded sales — not a valuation.
South Lake at a glance
6,427
People
$931,000
Median sale
$670/wk
Median rent
3.74%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
Vs South Lake
-49.8%
Median sale
Suburb $931,000
+3.71 pp
Gross yield
Suburb 3.74%
Suburb median $931,000 from 37 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 700 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 $670/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 700 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
South Lake at a glance
6,427
People
$931,000
Median sale
$670/wk
Median rent
3.74%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by GLC ResidentialAdd your own personal modern touches to this excellent 3 bedroom 1 bathroom home to fully unlock its potential, with a spacious backyard area and outdoor setting the true highlight, here.
A sparkling rear swimming pool is the headline act of the yard, whilst there is also space for a potential workshop beyond a huge enclosed back patio. The latter makes for the perfect second living or meals space - it's completely up to you.
Internally, a welcoming front lounge room is centrally carpeted and has tiled trimmings, along with a lovely bay window, a ceiling fan and a split-system air-conditioning unit for all-seasons' comfort. A tiled open-plan kitchen and dining area is large in size and has a feature skylight for natural illumination, alongside a gas bayonet, split-system air-conditioning, a breakfast bar for quick bites, double sinks and quality Ariston range-hood, gas-cooktop, oven and white-dishwasher appliances.
The three carpeted bedrooms all have ceiling fans - including a larger front master that also plays host to two sets of built-in double wardrobes. A light and bright bathroom caters for everybody's needs in the form of a shower, separate bathtub and heat lamps. Out front, there are two separate driveways for that extra parking space you have always wanted.
You will love living only metres away from bus stops South Lake Primary School and the sprawling Hop Bush Park. Also in very close proximity are food and shopping at the Lakes Centre, medical facilities and shopping at the local Berrigan Quarter, Lakeland Senior High School, community sporting and fitness facilities, The Berrigan Bar & Bistro, the freeway, additional public transport at Cockburn Central, Cockburn Gateway Shopping City and the new Cockburn ARC Aquatic and Recreation Centre. How convenient!
Other features include, but are not limited to:
- Space for a study desk within the 2nd bedroom
- 3rd bedroom with built-in double robes
- Practical laundry off the kitchen, with a double linen/broom cupboard
- Separate toilet
- Single lock-up carport with a wash trough and access to a versatile sunroom/storage area (with backyard access)
- Internal shopper's entry via the laundry, from the carport
- Security-alarm system
- Security-door entrance
- Instantaneous gas hot-water system
- Rear garden shed
- Gated drive-through access to the rear, from the property's second driveway
- Second side-access gate
- Built in 1985 (approx.)
- Large 700sqm (approx.) block
DISCLAIMER: Whilst every care has been taken with the preparation of the particulars contained in the information supplied, believed to be correct, neither the Agent nor the client nor servants of both, guarantee their accuracy. Interested persons are advised to make their own enquiries & satisfy themselves in all respects. The particulars contained are not intended to form part of any contract.
Listing description written by Lisa Correia, GLC Residential — reproduced as published, not verified by Districts.
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