Wellard at a glance
18,903
People
$850,000
Median sale
$708/wk
Median rent
4.33%
Suburb gross yield
Median sale from 160 recorded sales (last 12 months) — a Districts calculation.
WA › Wellard › Wheelwright Gardens
$1,018,500
Last sold
8 Aug 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
2,126 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
$1,018,500
8 Aug 2025 · derived via latest_sale
Local land rate: recorded House sales in Wellard (last 5 years) with land size have a median of $1,913/m² of land (n=148). Districts calculation from recorded sales — not a valuation.
Wellard at a glance
18,903
People
$850,000
Median sale
$708/wk
Median rent
4.33%
Suburb gross yield
Median sale from 160 recorded sales (last 12 months) — a Districts calculation.
Vs Wellard
+19.8%
Median sale
Suburb $850,000
-0.72 pp
Gross yield
Suburb 4.33%
Suburb median $850,000 from 160 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 2,126 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 $708/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 2,126 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
Wellard at a glance
18,903
People
$850,000
Median sale
$708/wk
Median rent
4.33%
Suburb gross yield
Median sale from 160 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Coulson & CoMichael Coulson proudly presents 15 Wheelwright Gardens - Click 'Read More' for details and price guide.
- Viewings : Please note the only available viewings are at the advertised home opens.
- Price Guide - Comparable homes in Homestead Ridge have sold between $850,000 to $1,100,000. Offers are expected in this range. All Offers will be presented for the Sellers consideration.
Property Details -
✓ Build year 1996 Block size 2126
✓ Current Status : Vacant possession at settlement
WATCH VIDEO WALKTHROUGH FOR DETAILS - More photos coming Friday.
Click 'video' button in 'Helpful Links' section.
Ok! Let's talk about the home -
Set in one of the most tightly held cul-de-sacs in Homestead Ridge, this elevated gem backs directly onto bushland and serves up near 180-degree views from the rear deck. Private, peaceful, and packed with potential – this is your chance to secure a diamond in the rough on a sprawling 2,126sqm block.
The home itself has great bones – double brick and tile construction, raised ceilings, multiple living zones and a functional layout ready for your vision. Renovate and reap the rewards.
✓ 2,126sqm bushland block – only 2 neighbours
✓ Huge rear deck with gabled patio and tree-top views
✓ Side access to workshop
✓ Big formal lounge + separate dining + study
✓ Master bedroom with ensuite & powder room
✓ Kitchen with gas cooktop, dishwasher & double sink
✓ Open plan kitchen dining living and games
✓ Secondary bedrooms with built-ins
✓ Split system A/C (ducted evap not working)
✓ Solar power, raised ceilings, double brick '96 build
Yes – the home needs work. Repaint (quote $12K), carpets, guttering, ducted air con – but homes in this location rarely come to market and even more rarely with this much space and privacy.
Renovate, personalise and capitalise – homes in this location are tightly held for good reason.
This is Homestead Ridge potential at its best.
Don't miss out! Attend the home open and register your interest via our Offer Portal today. Many of our Closing Date Sales are selling early—act fast to avoid disappointment!
* While all details listed are presumed to be correct at time of publishing buyers must perform their own due diligence.
How To Buy This Home -
Register your interest via our Offer Portal to access documents, receive updates, and fast-track your offer.
Head to https://propps.me/michaelcoulson
Scroll to the listing, register in 30 seconds, and submit your offer with your terms—including deposit amount, finance conditions, and broker details. You can submit an offer subject to your inspection, allowing you to get your price in front of the seller early, based on photos or video. This can be amended after viewing, but it ensures you're in the mix before it's too late. We may also contact your broker (with permission) to confirm your finance position and strengthen your offer.
Listing description written by Michael Coulson, Coulson & Co — reproduced as published, not verified by Districts.