Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
WA › Melville › Olding Way
$1,530,000
Last sold
7 June 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
503 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
$1,530,000
7 June 2024 · derived via latest_sale
Local land rate: recorded House sales in Melville (last 5 years) with land size have a median of $2,301/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Vs Melville
-4.1%
Median sale
Suburb $1,595,000
+0.12 pp
Gross yield
Suburb 2.75%
Suburb median $1,595,000 from 30 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 503 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 $844/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 503 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
Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by One ResidentialTHE ULTIMATE PARKSIDE RESIDENCE!
This custom designed Danmar built residence will suit buyers looking for a home with a great floorplan to suit a growing family. Excellent living separation & good sized bedrooms are two of the key features of this versatile home. The hallway entrance and open stairwell give the home an immediate sense of style and space. The current owners have gone to great lengths to ensure this STUNNING property will stand head and shoulders above the rest of the pack.
The centrepiece of this home is the open plan kitchen/dining area, leading outside to a delightful all weather alfresco entertaining scenario complete with a stunning below ground swimming pool. The rear of this exceptional home provides the perfect orientation for all seasons and is ideal for young children to play whilst the adults sit back and relax.
The kitchen itself features quality sweeping breakfast style stone benches, modern appliances and heaps of cleverly designed cupboard space giving the budding chef an enviable working environment! The ground floor also features the master bedroom (with en-suite) secondary bedroom or home office, formal lounge room/theatre & laundry.
Upstairs there is two more good sized bedrooms, second bathroom and a additional living room ideal for teenage kids to have their own private retreat. Sliding doors lead out to a stunning timber clad A Frame pitched alfresco which is large enough to entertain guests all year round. With easy to adjust full length blinds you can enjoy your afternoon drinks while looking out to the park opposite.
With approximately 290sqm of quality living (inc garage) this beautiful home also offers the following features:
- 503sqm street front block
- 4th bedroom or home office
- Theatre or kids activity room
- Extra downstairs powder room (3 toilets in total)
- Double garage with nearby store room
- Desirable park-side location (natural bush and playground for children to explore)
- Short distance to local schools (Primary & Senior)
Additional Details include:
- Quality drop down all weather café blinds on balcony/upstairs alfresco
- Stone aggregate driveway & paths
- Scheme water to reticulated gardens
- Fibreglass pool with brand new chlorinator & control pad
- Ducted vacuum system
- Daiken Reverse cycle AC & ceiling fans
- Porcelain tile features in laundry & entry hall
- Solar panels
Located on a fantastic family friendly street, this versatile multi-generational home truly is a rare offering.
Contact Exclusive Listing Agents MICHAEL JENNINGS & ANNA KENNELLY for further information!
Disclaimer:
* The above information is provided for general information purposes only and may be subject to change. No warranty or representation is made as to the accuracy of the information and all interested parties should make their own independent enquiries relating to the information provided and place no reliance on it. Any chattels depicted or described in the information are not included in the sale unless specified in the Offer and Acceptance.
Listing description written by Michael Jennings, One Residential — reproduced as published, not verified by Districts.
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