Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
WA › Melville › Challenger Pl
$1,800,000
Last sold
20 Oct 2023
5
Bedrooms
3
Bathrooms
3
Car spaces
592 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
$1,800,000
20 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Melville (last 5 years) with land size have a median of $2,301/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Vs Melville
+12.9%
Median sale
Suburb $1,595,000
-0.31 pp
Gross yield
Suburb 2.75%
Suburb median $1,595,000 from 30 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 592 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 $844/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 592 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
Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Agency PerthNestled in one of Melville's most sought-after pockets, this stylish family home delivers an enviable lifestyle! Complete with multiple indoor and outdoor living areas, city and river views, modern finishes and a private guest residence, you'll love the versatility on offer! Allowing you the choice to connect both residences, or to have completely separate, this is a fantastic prospect for a family of any size!
Challenger Place is a peaceful locale that delivers a wonderful sense of community and safety. High ceilings and attractive timber flooring lead to the well-sized open plan kitchen, living and dining room. This space seamlessly connects to the low-maintenance backyard, an excellent platform for entertaining. The accommodation is positioned on the top floor with three spacious bedrooms. You'll be struck by the beautiful views of the Swan River and the city from the upstairs living area.
The secondary residence was designed with an open plan layout that connects indoor and outdoor living. Two well-sized bedrooms, multiple outdoor areas, and a gourmet kitchen, will ensure that the occupants enjoy a comfortable, private living experience.
Property Features:
● Elegant two storey home with a classic facade
● Separate two-bedroom home which is perfect for multi-generational living and can be connected to the main residence if desired
● Private position behind a secure gate
● Study/home office
● Open plan living, kitchen and dining room with a gas fireplace and lots of windows to allow natural light in
● Gourmet kitchen with stone benchtops, premium Smeg appliances and generous amounts of cabinetry and a breakfast bar
● Decked alfresco with a ceiling fan
● Low-maintenance outdoor area
● Upstairs living room with breathtaking Swan River and city views
● Spacious master suite with a huge walk-in robe and ensuite with double vanity, shower, built-in bath and separate WC
● Two secondary bedrooms both with walk-in robes and both connecting to the semi-ensuite
● Plantation shutters
● Recently painted
● High ceilings
● Roller blinds to alfresco
● Solid timber flooring
● Solar panels
● Ducted evaporative air conditioning and split system air-conditioning upstairs
● Block Size: 592 sqm
● Water Rates: $1,768.04 pa
● Council Rates: $3,210.63 pa
Guest Residence:
● Open plan kitchen and living area with gas fireplace
● Decked alfresco connecting to the open plan area
● Kitchen with stone bench tops, modern appliances and breakfast bar
● Primary bedroom with walk-in robe and and ensuite
● Secondary bedroom
● Single garage
● Outdoor courtyard adjacent to the kitchen
● Powder room connecting to the main residence
Location Features:
● Quiet, family friendly street with a fantastic sense of community!
● Just moments from Melville Primary School and Melville Senior High School
● Easy access via public transport to wherever you want to go
● Close to vibrant cafes and restaurants
● Just a short distance from Fremantle, the Swan River and the city
Expressions of Interest Close 26 October 2023 at 6pm (unless sold prior).
michaelkeil.com working in conjunction with The Agency.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Listing description written by Michael Keil, The Agency Perth — reproduced as published, not verified by Districts.