Mount Richon at a glance
2,271
People
$950,000
Median sale
$696/wk
Median rent
3.81%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
WA › Mount Richon › Harrison Rd
$375,500
Last sold
11 Sept 2021
4
Bedrooms
1
Bathrooms
4
Car spaces
1,012 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
$375,500
11 Sept 2021 · derived via latest_sale
Local land rate: recorded House sales in Mount Richon (last 5 years) with land size have a median of $563/m² of land (n=92). Districts calculation from recorded sales — not a valuation.
Mount Richon at a glance
2,271
People
$950,000
Median sale
$696/wk
Median rent
3.81%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Vs Mount Richon
-60.5%
Median sale
Suburb $950,000
+5.83 pp
Gross yield
Suburb 3.81%
Suburb median $950,000 from 26 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 1,012 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 $696/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 1,012 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
Mount Richon at a glance
2,271
People
$950,000
Median sale
$696/wk
Median rent
3.81%
Suburb gross yield
Median sale from 26 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by The Agency Perth***UNDER OFFER BY BEN MATHEWS***
Check out this sensational investors opportunity! It's a tri level home on a 1012sqm block in one of the most sought after streets in Mount Richon. Whether you are a serious builder/renovator looking for a large project or an ambitious owner occupier looking to renovate, add value and build in equity this property has options and is loaded with potential.
INSIDE THE HOME
The internal of the home is in very worn out condition with maintenance having not been kept up over the years and sporadic renovations started, currently the property is only semi livable with most services functioning however would need significant upgrades to live in or input tenants.
The home is tri level. The bottom level has a lovely living area with fireplace zone connecting with the kitchen/dining space with the kitchen having money already spent on it being partially renovated. Adjoining the kitchen is the butlers pantry/laundry and second toilet zone which has potential to create a huge value add as a second bathroom space. This downstairs level has beautiful timber ceilings and with the fireplace and outlook to the external vistas it's loaded with character and potential.
There are two good sized bedrooms to the middle level which is where the formal entrance door is located.
The massive master suite is situated on the top level with an awesome adjoining balcony and views down the mountain. This room has walk in robes. There is a second bedroom on the top level also.
The big bathroom is also on this top floor and requires extensive renovations.
There are solid timber floors in this home which look beautiful and add to the character.
There is a double secure garage under the main roof with electric roller door access in working order. This garage space also has a shoppers entrance door through to the main house.
The bottom line for this property is that it is extremely worn out and requires a massive amount of work. It requires a very experienced renovator with a massive appetitive for a large scope of works and a complete strip out and re build. However after this work is completed the potential is immense and this property could provide a very lucrative return on investment. As a reference point of value refer to the "INVESTOR DETAILS" section below.
OUTSIDE THE HOME
From the road the house has an appealing façade. The property is a 1012sqm block with Residential R15/25 density zoning which holds possibilities for retaining and subdivision subject to council approvals. There is a large pool leading out from the ground floor living area of the house and that you also look out to from the balcony upstairs. Below the pool area is more land. The block has potential for side access to be created and could be used for all manner of options.
INVESTOR DETAILS
As a comparable price for your calculations on the 1st of June 2021, I sold 27 Harrison Road Mount Richon which is a few house up the same road. This sold for $520,000 cash within 2 weeks with 25 groups through to inspect. This was a virtually identical size block (27 Harrison), it was single level house and a small 3 x 1 layout however was immaculately presented and in lovely condition. This property now for sale (13 Harrison) being a much larger home on a similar block once renovated would expect to exceed this price that 27 sold for fairly easily conservatively subject to market conditions. You do the math's, this one's a no brainer! Mount Richon historically has always been a highly desirable area locally and ranges in values of up to over 1 million dollars for some of the top end properties. In this current extremely active current market it's remained as hot as ever with no signs of slowing. If you have the ability, and appetite for some serious work the opportunity here is immense.
WHERE IS IT LOCATED?
The property is located in the highly sought after hills of Mount Richon, nearby to shopping facilities and local schools whilst being only approximately 37km from the Perth CBD.
SELLING CONDITIONS
This property is being sold "AS IS WHERE IS" and this will be noted on the contract. For your reference the plumbing and electrical is in good working order.
WHAT TO DO NEXT
Hit the contact agent section now and make your time to view the property in person, in this hot market properties with this combination of quality, location and price do not last!
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 Ben Mathews, The Agency Perth — reproduced as published, not verified by Districts.