Palmyra at a glance
8,680
People
$1,250,000
Median sale
$701/wk
Median rent
2.92%
Suburb gross yield
Median sale from 59 recorded sales (last 12 months) — a Districts calculation.
WA › Palmyra › Forrest St
$955,000
Last sold
17 Apr 2025
4
Bedrooms
1
Bathrooms
1
Car spaces
585 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
$955,000
17 Apr 2025 · derived via latest_sale
Local land rate: recorded House sales in Palmyra (last 5 years) with land size have a median of $2,623/m² of land (n=79). Districts calculation from recorded sales — not a valuation.
Palmyra at a glance
8,680
People
$1,250,000
Median sale
$701/wk
Median rent
2.92%
Suburb gross yield
Median sale from 59 recorded sales (last 12 months) — a Districts calculation.
Vs Palmyra
-23.6%
Median sale
Suburb $1,250,000
+0.90 pp
Gross yield
Suburb 2.92%
Suburb median $1,250,000 from 59 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 585 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 $701/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 585 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
Palmyra at a glance
8,680
People
$1,250,000
Median sale
$701/wk
Median rent
2.92%
Suburb gross yield
Median sale from 59 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Yard PropertyNestled in this sought after suburb is an exciting opportunity on the cusp of brilliant transformation. With the right vision to bring it back to life, this property spans an impressive 585m2 block of land, complete with an original 1920s home. Also on offer is the adjoining property at 193A Forrest Street, offering even further possibilities for development.
Tall, leafy trees and birdsong overhead create a serene setting in this family-friendly neighbourhood brimming with plenty; parklands, good community spirit and local events, shops, cafes, restaurants, and close proximity to Fremantle, the Sawn river and Coastline.
Offered to market on an "as-is" basis and sitting behind its 1970s arches is one of Palmyra's historic homes built circa 1928. All the charming features of yesterday are longing to be returned. Hidden under carpets and laminate flooring are jarrah floorboards, soaring high ceilings have been disguised by lower false ceilings and fireplaces removed.
Roll up your sleeves and completely renovate and restore this 1920s dwelling to a new level of its original glory. This property offers the opportunity to create your dream family home, renovate, extend or rebuild and simply start from scratch, subject to council approval (STCA).
The north-facing, walled verge at the front of the home offers plenty of scope of this block - it's an enticing vision for those willing to develop this home and its land to its full potential once again.
Filled to the brim with potential and no limit to what can be achieved, this is an exciting development opportunity that has it all; location, lifestyle and a prime piece of land.
For more information please call exclusive selling agent, Clare Hickey-Shand from Yard Property on 0424 593 136.
4 Bed 1 Bath 1 Car 585sqm
C1920s built brick and iron home
Level north facing block
Ample parking space for boat, caravan or trailer
Opportunity to renovate, extend or rebuild (STCA)
Endless potential for transformation
Brilliant location; family-friendly neighbourhood, local schools nearby, shops, cafes, restaurants, public transport options all on hand
Direct access to Fremantle, Swan River, Beaches
School Catchment: Palmyra Primary School, Melville Senior High School
Newly subdivided survey strata title 585sqm
DISCLAIMER: This information is provided for general information purposes only and is based on information provided by third parties and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Listing description written by Clare Hickey-Shand, Yard Property — reproduced as published, not verified by Districts.