Glen Iris at a glance
3,353
People
$735,000
Median sale
$601/wk
Median rent
4.25%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
$550,000
Last sold
24 Sept 2024
3
Bedrooms
2
Bathrooms
2
Car spaces
236 m²
Land
99 m²
Building
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
$550,000
24 Sept 2024 · derived via latest_sale
Local land rate: recorded House sales in Glen Iris (last 5 years) with land size have a median of $906/m² of land (n=82). Districts calculation from recorded sales — not a valuation.
Glen Iris at a glance
3,353
People
$735,000
Median sale
$601/wk
Median rent
4.25%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Vs Glen Iris
-25.2%
Median sale
Suburb $735,000
+1.43 pp
Gross yield
Suburb 4.25%
Suburb median $735,000 from 21 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 236 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 $601/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 236 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
Glen Iris at a glance
3,353
People
$735,000
Median sale
$601/wk
Median rent
4.25%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate South West BunburySOLD by Roslyn Ierace using Openn Negotiation!
River Lea Estate Glen Iris is just the spot!!
13 Babich Lane, Glen Iris, is a 2017 built 3-bedroom, 2-bathroom home, just the right size and in just the right location.
The photos in this advertisement are to be used as a guide only.
From the rear lane, direct access into your double garage leaves through your courtyard and enter the home.
The layout of this home is just perfect, all three bedrooms boast built-in robes, the master bathroom has a bath, shower, and vanity, while the ensuite with shower and separate WC.
Off the hallway, the laundry also holds a separate second toilet.
The home opens out at the rear to the open plan living boasting a well-equipped kitchen with stunning stone benchtop, dishwasher, 900mm oven, and gas hot plate with built rangehood and overhead cupboards.
The open-plan area is big enough for a modern lounge suite and dining as well. The tranquil view out to the rear is going to be a treat on a summer's afternoon, under the protection of the alfresco, while your fur baby has just enough room to play!
The property is currently rented at $550 per week and is due for a rent increase in May 2025 to $600 per week
But honestly, it's the perfect place to call home, just five minutes' drive into Bunbury a stroll down to the Farmers Market, River Lea Estate has so much to offer.
Contact Exclusive Agent and Auctioneer Roslyn Ierace on 0407 529 398.
2017 built Dale Alcock home
236 m²* block
99 m²* of living
Stone benchtop to kitchen
Alfresco under the main roof
Double lock-up garage to laneway.
Easy care vinyl floors.
Reverse cycle air conditioning.
Perfect lock and leave home.
Current tenant in place at $550 per week, with an increase to $600 per week in May 2025
Shire $2,507.15*
Water $1,281.53*
This property is for sale by Openn Negotiation (Online auction with flexible conditions)
The auction has commenced, and the property could sell as early as tomorrow.
Contact Exclusive Agent Roslyn Ierace immediately to become qualified or you could miss out!
(The sellers reserve the right to sell prior) Register to watch the auction at openn.com.au
Buyers Note: All measurements/dollar amounts are approximate only and generally marked with an * (Asterix) for reference. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including a visual inspection before entering into an offer and should not rely on the photos or text in this advertising in making a purchasing decision.
Listing description written by Roslyn Ierace, Elders Real Estate South West Bunbury — reproduced as published, not verified by Districts.