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 › Lake Valley Dr
$290,000
Last sold
12 July 2021
3
Bedrooms
2
Bathrooms
2
Car spaces
277 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
$290,000
12 July 2021 · derived via latest_sale
Local land rate: recorded House sales in Lakelands (last 5 years) with land size have a median of $1,694/m² of land (n=153). 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
-64.0%
Median sale
Suburb $805,000
+7.58 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
Residential
1
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 277 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 277 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?
KnownmediumNo 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 Harcourts MandurahLocated in a peaceful pocket of Lakelands, surrounded by parks and picturesque walkways around the Black Swan Lake, you will find this 3 bedroom 2 bathroom easy care home.
As you approach 191 Lake Valley Drive, you'll instantly appreciate that the home is the perfect first home or downsizer. Upon entering the home, you will find a dedicated lounge area, separate to the main living area creating multiple living zones. The master bedroom is also situated to the front of the home and is complete with a private ensuite bathroom plus a ceiling fan. Both minor bedrooms are of a good size and offer built in storage.
Leading through the home, the kitchen is positioned to overlook the open plan living & dining area and is complete with stainless steel appliances.
Jumping outside, a paved outdoor sitting/dining area adjoins a small strip of lawn which connects to the double lock up garage, a doorway from the rear of the garage provides convenient access to bring your groceries from the car into the home.
If a convenient location is on your list of must haves, 191 Lake Valley Drive is sure to impress... All in just a 4 minute drive, you could be on the Freeway heading up to the city, or dropping the kids to school at Lakelands Primary or Mandurah Baptist College, or parking up at Lakelands Shopping Centre to collect the groceries, or maybe grabbing a coffee or bite to eat at the variety or food outlets on offer, this location truly has everything you could need, and more!
Call Theo Alexandrou today on 0468 765 205 to arrange your private inspection of this great home.
Listing description written by Theo Alexandrou, Harcourts Mandurah — reproduced as published, not verified by Districts.