Gwelup at a glance
5,676
People
$1,655,000
Median sale
$913/wk
Median rent
2.87%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
WA › Gwelup › Mallee Way
$1,030,000
Last sold
15 Nov 2021
3
Bedrooms
2
Bathrooms
2
Car spaces
420 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
$1,030,000
15 Nov 2021 · derived via latest_sale
Local land rate: recorded House sales in Gwelup (last 5 years) with land size have a median of $2,559/m² of land (n=44). Districts calculation from recorded sales — not a valuation.
Gwelup at a glance
5,676
People
$1,655,000
Median sale
$913/wk
Median rent
2.87%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Gwelup
-37.8%
Median sale
Suburb $1,655,000
+1.74 pp
Gross yield
Suburb 2.87%
Suburb median $1,655,000 from 7 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 420 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 $913/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 420 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
Gwelup at a glance
5,676
People
$1,655,000
Median sale
$913/wk
Median rent
2.87%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Thought Leaders Real EstateNick & Jo Proudly Present 19 Mallee Way.
A whisper-quiet and impeccably-maintained pocket of "The Willows" estate is the fitting setting for this beautiful 3 bedroom 2 bathroom two-storey home on a low-maintenance 420sqm (approx.) block that finds itself nestled very close to stunning lakeside parklands, the suburb's enchanted "Secret Garden", playgrounds for the kids and even the exclusive Lake Karrinyup Country Club and its world-class golf-course resort. The flexibility and functionality in layout allows the possibility of the downstairs theatre room to be converted into a potential fourth bedroom – or home office – if need be. Your destiny is well and truly in your own hands, here!
Features include, but are not limited to:
• Settlement terms: Settlement to be no earlier than 28th January 2022
• A spacious downstairs open-plan kitchen, dining and family area behind a gorgeous French door that reveals split-system air-conditioning, gas-bayonet heating, a ceiling fan, a storage pantry, double sinks, a range hood, a Eurolec gas cooktop/oven, a quality Blanco stainless-steel dishwasher and two sets of double doors, extending outside to a private rear alfresco-entertaining deck where high angled ceilings, another fan and a striking water-blade feature meet lush backyard lawns and a delightful garden lemon tree in the corner
• A separate carpeted front theatre room that doubles personal living options, behind the peace and quiet of its own double French doors
• An upstairs television room – or parent's retreat – with carpet, a gas bayonet and double-door access out on to the front balcony from where a leafy aspect, an outlook to the street park and sitting benches and treetop views towards Lake Karrinyup can be enjoyed
• Huge carpeted king-sized upper-level master-bedroom suite with two separate entry doors, a massive walk-in wardrobe, a ceiling fan, split-system air-conditioning and an intimate ensuite bathroom, comprising of a shower, vanity and separate toilet
• Large, carpeted 2nd/3rd lower-level bedrooms with ceiling fans and built-in robes, all only inches away from a contemporary main family bathroom, boasting a new bathtub and separate shower
• This 2002-built property also features a separate powder room, outdoor access from its laundry, a huge wraparound under-stair storeroom, a large double linen/storage cupboard, a separate single linen press, a remote-controlled double lock-up garage (with internal shopper's entry and a powered storage/workshop area), high ceilings, quality internal paint, natural slate/stone floor tiles, feature ceiling cornices and skirting boards, a security-alarm system, a gas hot-water system, front and rear reticulation, manicured gardens and two side-access gates for good measure
Also very near to bus stops, the freeway, Hamersley Public Golf Course, Carine Senior High School, Lake Gwelup Primary School, Primewest Gwelup Shopping Centre, Lake Gwelup, Stirling Train Station, the beach, other top educational facilities and the exciting Karrinyup Shopping Centre redevelopment, this exceptional location has "living convenience" written all over it. It's almost too good to be true!
*All Offers are to be submitted through Market Buy (Ask Nick & Jo)*
Listing description written by Nick Luca, Thought Leaders Real Estate — reproduced as published, not verified by Districts.
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