Lakelands at a glance
9,305
People
$805,000
Median sale
$661/wk
Median rent
4.27%
Suburb gross yield
Median sale from 102 recorded sales (last 12 months) — a Districts calculation.
WA › Lakelands › Balicup Way
$580,000
Last sold
19 Sept 2023
4
Bedrooms
2
Bathrooms
2
Car spaces
601 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
No verification items generated for this record.
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
$580,000
19 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in Lakelands (last 5 years) with land size have a median of $1,699/m² of land (n=152). Districts calculation from recorded sales — not a valuation.
Lakelands at a glance
9,305
People
$805,000
Median sale
$661/wk
Median rent
4.27%
Suburb gross yield
Median sale from 102 recorded sales (last 12 months) — a Districts calculation.
Vs Lakelands
-28.0%
Median sale
Suburb $805,000
+1.66 pp
Gross yield
Suburb 4.27%
Suburb median $805,000 from 102 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
MANDURAH
Zone
Local road
796
Jurisdiction
Mandurah
Mandurah, WA
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.
The official layer was queried and no bushfire risk zone was detected on this parcel (Landgate SLIP, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
The official layer was queried and no heritage listed area was detected on this parcel (Landgate SLIP, retrieved 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.
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 601 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.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $661/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.
2 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 601 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?
KnownmediumOfficial parcel about 603 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Lakelands at a glance
9,305
People
$805,000
Median sale
$661/wk
Median rent
4.27%
Suburb gross yield
Median sale from 102 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Realmark MandurahThis property is the ideal set up for the investor who wants to start producing an income from the outset, as the current owners are wanting to lease the property back.
Viewings by appointment only.
What We Love
Perfectly positioned in a well-presented manicured street and being in an extremely convenient location close to several highly respectable schools, plus also being just a short drive away from the new Lakelands train station, freeway and Madora Bay Beach this growing location really does have so much to offer. Consisting of four bedrooms, two bathrooms, separate office, lounge/theatre room, games room, open plan kitchen with dining and lounge area, laundry, side covered alfresco and plenty of parking to the front this one is the ideal family home or for the savvy investor.
At the heart of the home is a well presented spacious open plan kitchen with stainless steel appliances, separate built-in pantry, extra wide space for a fridge/freezer and a breakfast bar for five overlooking the fabulous lounge and dining area. Leading off this area is also a large games room which leads out to the rear gardens. Located off the main entrance hall is a lounge which is opposite a separate office room. Also positioned at the front of the property is the master bedroom with walk in mirrored robes and ensuite with shower. Three further bedrooms, one with walk in robe and two with built in robes are ideally located close to the modern family bathroom which has a bath, shower and separate toilet. A laundry has direct side access. Outside is a well-positioned, generous sized under cover alfresco which leads around to the rear gardens with a large natural grass area perfect for the kids to enjoy . This area would easily accommodate a swimming pool if desired. This property is filled with natural light and is an extremely well presented home having also just been fully repainted inside.
What To Know
Newley installed ducted evaporative cooling (installed 2021)
Reticulated gardens
Gas storage hot water system
36 Solar panels
Security alarm
Array of established fruit trees
Ceiling fans to all bedrooms
Artificial front lawn
NBN connected
601sqm block
Where it’s At
210m to park & playground
250m to Coastal Lakes College
900m to Lakelands Shopping Centre
1.15km to Lakelands Train Station
1.45Km Mandurah Baptist College
1.55Km to Lakelands Primary School
*Please note all measurements, sizes, distances and amounts are all approx.
Who To Talk To
To learn more about this home or arrange a viewing call Mark Price on 0439 979 967 or email mprice@realmark.com.au
Listing description written by Mark Price, Realmark Mandurah — reproduced as published, not verified by Districts.