Sorrento at a glance
8,576
People
$1,800,000
Median sale
$871/wk
Median rent
2.52%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
WA › Sorrento › Marine Tce
4
Bedrooms
5
Bathrooms
2
Car spaces
711 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Sorrento (last 5 years) with land size have a median of $2,575/m² of land (n=42). Districts calculation from recorded sales — not a valuation.
Sorrento at a glance
8,576
People
$1,800,000
Median sale
$871/wk
Median rent
2.52%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
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 711 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 $871/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 711 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
Sorrento at a glance
8,576
People
$1,800,000
Median sale
$871/wk
Median rent
2.52%
Suburb gross yield
Median sale from 37 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Realmark North CoastalWelcome to 18 Marine Terrace Sorrento. This is a truly unique property and special opportunity for someone that recognises a quality piece of coastal real estate only 200 metres from our stunning Perth coastline and the Marmion Angling Club.
Two homes are located on the block on one title with their own individual street frontages. One into Marine Terrace and the other into the lane behind. The combined rental income on these properties at present is $1,555 per week. That's $80,860 per year. That rental value is on fixed term leases.
What you will love...
Whether you are an investor, an owner looking for a great lifestyle, someone that wants to create a future for their retirement (or maybe you are already retired) or simply a family that has a tribe to accommodate; this 711 square metres (zoned R20/25) of coastal land features a proposition that is hard to ignore.
If you wanted to live in one of the properties and AirBNB the other the per night rental income would be higher and present a sensational means of paying your mortgage whilst living in this excellent location.
Take your pick.
* Live on one and rent the other.
* Rent out both.
* Move the entire family in. Grandparents, kids returning home, melded families. The choice is yours.
The options are endless but the opportunity to secure something like this is genuinely rare.
The original home faces into Marine Terrace and features a renovated and extended funky property that consists of 3 bedrooms, 3 bathrooms and two living zones. Modern clean lines combine with 1960's warmth of character.
If you like something a little quirky and different this ones for you. This property is rented at $860 per week until 26th April 2024.
The second home is just under three years old and is a Hamptons inspired 1 bedroom, 2 bathroom townhouse that has such a great vibe. This property is rented at $695 per week until 11th July 2024.
Both homes have a distinct coastal vibe and feel to them. Living here is all about a coastal lifestyle of relaxation.
What to know...
The block of 711sqm is zoned R20/25 and has a frontage to Marine Terrace and frontage to the lane behind. This provides you yet another good reason to look at this property. IF in the future you decide you would like to completely rebuild and build two substantial new homes there is absolutely the capacity to do so.
Note: All potential re zoning and development options are subject to Council and WA Planning approvals and a buyers should make their own investigations.
Who to talk to...
For further details please call Ian Masterson on 0402 311 370 or email me on imasterson@realmark.com.au
Listing description written by Ian Masterson, Realmark North Coastal — reproduced as published, not verified by Districts.
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