Lakemba at a glance
17,954
People
$1,520,000
Median sale
$530/wk
Median rent
1.81%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
NSW › Lakemba › Willeroo St
$2,750,000–$3,025,000
For sale
Asking range
1
Bedrooms
1
Bathrooms
2
Car spaces
1,697 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
Asking
$2,750,000–$3,025,000
Asking range · $1,621/m² of land
No recorded sale for this property.
Lakemba at a glance
17,954
People
$1,520,000
Median sale
$530/wk
Median rent
1.81%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs Lakemba
+80.9%
Median sale
Suburb $1,520,000
-0.81 pp
Gross yield
Suburb 1.81%
Suburb median $1,520,000 from 16 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$137,129 on top of the price (5.0% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Lakemba's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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
NSWPlanning layers have not been retrieved for this property yet. 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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $530/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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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.
Gross yield if leased at the suburb aggregate is 1.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Nearby
Area
Lakemba at a glance
17,954
People
$1,520,000
Median sale
$530/wk
Median rent
1.81%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ralph First Real EstateRalph First Real Estate are pleased to present an exceptionally rare opportunity to acquire a substantial raw development site in one of the area’s most tightly held pockets. Occupying a prime 1,697sqm parcel 2 Willeroo St, Lakemba represents one of the largest vacant blocks of land in the area and offers developers and builders a unique opportunity to capitalise on this rare offering.
The site provides a wide range of potential future uses (S.T.C.A), accommodating diverse development outcomes including apartments, terraces, townhouses, duplexes, a childcare centre or boarding house.
- Land area of 1,697sqm
- Prime raw development site in the heart of Lakemba
- Substantial 31.9 metre frontage
- R4 zoning, enabling a variety of potential development outcomes
- Floor space ratio 1.2:1 and height of building 17m
- Opportunity to design and deliver a bespoke development solution in one of Sydney's most up and coming residential markets
- Highly desirable location supported by strong demographic fundamentals
- Strong underlying land value underpinned by limited supply and ongoing market demand
- Suitable for developers, investors, or land bankers seeking long-term capital growth
Strategically positioned within walking distance to Lakemba train station and shopping precinct, 2 Willeroo St benefits from outstanding connectivity and amenity. The property enjoys convenient access to public transport, lifestyle amenities, retail precincts, cafes, and major arterial routes including the M5 connecting Lakemba with Greater Sydney. This prime location ensures strong end-user appeal across any approved development outcome.
Lakemba is one of Canterbury-Bankstown’s most up and coming destinations most characterised by enduring demand, constrained land availability, and strong buyer fundamentals. Opportunities to secure raw development sites of this scale are increasingly scarce, positioning 2 Willeroo St, Lakemba as a compelling and strategic acquisition.
*This sale is subject to gst.
Contact: Chris Wilding 0401 334 773 or chris@ralphfirst.com.au
DISCLAIMER: While Ralph First Real Estate have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Ralph First Real Estate urge prospective purchasers to make their own inquiries to verify the information contained herein.
Listing description written by Chris Wilding, Ralph First Real Estate — reproduced as published, not verified by Districts.