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WA › Capel › Mallokup Rd

146 Mallokup Rd, Capel WA 6271

For saleHouse for Sale

$1,200,000

For sale

Asking

3

Bedrooms

2

Bathrooms

8

Car spaces

14,099.248 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,200,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,200,000(Listing record · 20 May 2026)
  • CalculationLand 14,099 m² against a 191 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 46% above the Capel median recorded sale ($820,000, n=20, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Capel's advertised median rent ($641/wk), implied gross yield would be 2.78% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,200,000

Asking · $85/m² of land

No recorded sale for this property.

Capel at a glance

2,763

People

$820,000

Median sale

$641/wk

Median rent

4.06%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Capel report →

Vs Capel

+46.3%

Median sale

Suburb $820,000

-1.28 pp

Gross yield

Suburb 4.06%

Suburb median $820,000 from 20 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,200,000
Stamp Duty (Western Australia)
$52,916
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,256,841

$56,841 on top of the price (4.7% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Capel's advertised median rent — not a rent for this listing.

Net yield
1.28%
Annual cashflow (pre-tax)
$-47,068
Interest cover (DSCR)
0.25
Annual rent
$33,332
Operating expenses
$18,000
Loan amount
$960,000
Annual interest
$62,400
Gross yield
2.78%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,200,000available20 May 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 14,099 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $641/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 14,099 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Capel in one glance

Capel at a glance

2,763

People

$820,000

Median sale

$641/wk

Median rent

4.06%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Capel report →

Keep researching

  • Why Capel? Read the area thesis →
  • What else is on the market in Capel →
  • Other records on Mallokup Rd →

Listing material

Listed by Elders Real Estate South West Bunbury

CURRENT BID $1,200,000

This location is to die for… Quiet, peaceful, overlooking the Capel River...

And better still, the Capel Vale Winery is right next door, but far enough away to not hear a soul.

Right in the middle between Bunbury and Busselton, just 20 minutes* either way.

Read the full description

The Queenslander-style home provides the most amazing deck that wraps around the home, but to call it a deck is just not enough; it's the ultimate living area for family get-togethers, even a wedding or engagement could be held here, it is just so stunning! And those early mornings sitting on the deck watching the sunrise with a quiet coffee, morning tea, a dinner party, it's whatever you want it to be!

While the rear of the home comes in at almost ground level, it's easy to bring the shopping directly into the kitchen, and WOW, what a kitchen!

Stunning, solid timber floors flow throughout. The huge kitchen is part of the open-plan living, with servery-style sideboards, ready to take on all the guests that will follow you here! Timber tops in the kitchen flow throughout with lots of drawers, drawers for everything, a dishwasher, and a big, double China sink as well. Such a functional kitchen, you will love it, with crisp white tiled splash backs, BUT there are coffee feature tiles, and I don't mean the colour… the stunning picture tiles set off this one of a kind kitchen!

The built-in servery-style sideboards, full of storage drawers, run the full side of the meals area, and are amply big enough for those long table luncheons.

Then, off to the right, a scullery, where the enormous pantry hides, even an almost 6-foot-tall wine fridge, which may just have to be left as part of the deal. It will save you a walk next door to Capel Vale!

The focal point of the separate lounge is a huge framed mirror mounted above the lounge suite, stunning doesn't even describe it, and the owners are reluctant to leave it, but maybe... It has to stay! Also boasting a beautiful, slow combustion fire for those romantic fireside evenings to keep you toasty and warm. While the ducted air has you set for summer, it even vents out to the rear deck as well!

What most would consider the master bedroom is used as the guest wing, with its own en-suite in crisp white with matte black tapware and a walk-in robe, giving your visitors their own space, tucked away from the living areas.

While the owners have turned what was two bedrooms into their master, so they can take advantage of the view out over the valley and the river, and even a door opening out to the rear deck. An inviting room that becomes drenched in natural light in the mornings. With a spacious walk-in robe, a real parents' retreat for sure.

The third bedroom has been decorated in a deep grey with a modern textured dado effect.

This home is just so… Inviting… Pleasant... Relaxing… Amazing… One of a kind!

With a massive hedge of trees giving you privacy from the road, you can't see what waits behind.

4 huge workshops, two 6x6 metres* and two 6x9 metres*, so storage, parking, and hobbies will not be a problem!

The separate laundry room with its own drying patio is also a bonus.

Situated on the ocean side of the Capel turn off, inland from Peppermint Grove Beach, this rich river loam block is reticulated from a bore and holds the perfect size orchard with a mix of trees to keep you satisfied, apples, loquats, pomegranate, seedless mandarins, olives, and much more!

For further details, speak to Exclusive Agent and Auctioneer Roslyn Ierace today, 0407 529 398.

• 1960 Built Character Queenslander style home

• Overlooking the river

• 3.484 acres*

• 3 Bedrooms, 2 Bathrooms

• Solid jarrah floorboards

• Renovated Country kitchen, with huge central island bench/table

• Separate lounge room

• Dining room with built-in servery-style sideboards

• Living area opens out to rear deck – outdoor living

• Wood fire

• Ducted Evaporative air conditioning

• 2 separate bedroom wings for complete privacy.

• 5.5kw solar system

• Foxtel and NBN

• 123,000 Lt* rainwater tank + a smaller one

• 32,0000 Lt* rainwater tank to Shed/washhouse

• Fully fenced

• 4 Workshops - 6x9m*, 6x6m*, 6x9m*, 6x6m*

• Ultraviolet Water filtration with a ceramic filter

• Bore

• Established Orchard – passionfruit, 3 apples, 14 mandarins, nectarine, figs, avocado, blueberries, lime, lemon, grapefruit, apricot, peach, grape, 4 loquats, almond.

Shire rates $2,025.00*

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.

Property features

  • Balcony
  • Broadband
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ducted Cooling
  • Floorboards
  • Fully Fenced
  • Grey Water System
  • Living Areas: 2
  • Outdoor Entertaining
  • Shed
  • Solar Panels
  • Toilets: 3
  • Water Tank
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.