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
$527,359
Last sold
21 June 2023
4
Bedrooms
2
Bathrooms
1
Car spaces
714 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
$527,359
21 June 2023 · 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
-43.4%
Median sale
Suburb $931,000
+2.87 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 714 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 714 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 ResidentialThis fantastic 4 bedroom 2 bathroom home on a large block doubles as a "tradie's dream", headlined by a spacious backyard and drive-through access into a huge powered double lock-up workshop shed/garage with two roller doors and heaps of room for tools and toys.
In fact, the rear yard is nice and shady and has a central palm tree. It also leaves more than enough room for a future swimming pool if you are that way inclined, whilst being overlooked by a full-width outdoor patio-entertaining area. The remote-controlled single lock-up carport affords extra parking for a second vehicle - under a small side patio - beyond it, with further parking options in between a gate and the workshop simply an added bonus.
Internally, a welcoming front lounge room makes an instant first impression and sits only inches away from a large carpeted master-bedroom suite, benefitting from plenty of natural morning sunlight, a lovely garden aspect to wake up to, a wardrobe space hidden by curtains and a private ensuite bathroom with a toilet, vanity, shower and heat lamps.
It all precedes an open-plan family, dining and kitchen area that features a stainless-steel range hood, a ceramic Blanco cooktop, a stainless-steel under-bench oven and a stainless-steel Arc dishwasher. There is also direct access out to the alfresco and yard from here.
The wildcard in the floor plan though is a versatile fourth bedroom - or study - with a built-in robe and a custom built-in office desk that can comfortably cater for up to three family members. There is the option to remove the extra furniture and convert the space back into a true bedroom, depending on your personal needs.
Walk to bus stops, South Lake Primary School and the sprawling Hop Bush Park from this desirable locale, that also finds itself in very close proximity to 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. Impressive convenience and potential to do as you please. How exciting!
Other features include, but are not limited to:
- Carpeted bedrooms
- 2nd and 3rd north-facing bedrooms with BIR's
- Practical main bathroom with a bathtub and showerhead
- Laundry off the kitchen, with ample storage space and access to the rear
- Separate 2nd toilet
- Bamboo floorboards to the living spaces
- Solar-power panels
- Ducted-evaporative air-conditioning
- Gas bayonets in both living areas
- Feature skirting boards
- Gas hot-water system
- Colorbond fencing
- Front shade sail over the garden
- Extra front parking bay for a car or trailer
- Side-access gate
- Built in 1986 (approx.)
- Large 714sqm (approx.) block
ENQUIRIES: For all enquiry responses relating to the property, please also check your junk mail or email spam folder. All enquiries will be answered within 24 hours.
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 and 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.