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WA › Mount Pleasant › The Esplanade

205 The Esplanade, Mount Pleasant WA 6153

House

$3,500,000

Last sold

23 Mar 2026

4

Bedrooms

2

Bathrooms

1

Car spaces

1,028 m²

Land

193 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $3,500,000 (23 Mar 2026).(Recorded sale)
  • CalculationLand 1,028 m² against a 193 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Mount Pleasant (last 5 years) with land size: median $3,849/m² of land (n=74). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.
  • FactZoned Residential (1) under the MELVILLE.(Landgate SLIP · 31 Aug 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

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

What this lot has actually traded at

Last sold

$3,500,000

23 Mar 2026 · derived via latest_sale

Local land rate: recorded House sales in Mount Pleasant (last 5 years) with land size have a median of $3,849/m² of land (n=74). Districts calculation from recorded sales — not a valuation.

Mount Pleasant at a glance

8,199

People

$2,117,500

Median sale

$783/wk

Median rent

1.92%

Suburb gross yield

Median sale from 38 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Pleasant report →

Vs Mount Pleasant

+65.3%

Median sale

Suburb $2,117,500

-0.76 pp

Gross yield

Suburb 1.92%

Suburb median $2,117,500 from 38 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

MELVILLE

Zone

Residential

1

Jurisdiction

Melville

Melville, WA

Planning overlays

  • bushfireNot detected
  • heritageNot detected

Development activity

Data unavailable

Source

  • Provider: Landgate SLIP
  • Dataset: Local Planning Scheme — Zones and Reserves (DPLH-071)
  • Retrieved: 31 Aug 2026
  • Version: 1
  • Parcel: 986444

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not detected — official

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.

Heritage

Not detected — official

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

Property history

  1. Sold$3,500,00023 Mar 2026
  2. Listedprice unknowncompleted20 Oct 2025
  3. Listedprice unknowncompleted20 Oct 2025

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,028 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $783/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 1,028 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    Official parcel about 1,031 m² — land size can look like optionality. No 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

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Mount Pleasant in one glance

Mount Pleasant at a glance

8,199

People

$2,117,500

Median sale

$783/wk

Median rent

1.92%

Suburb gross yield

Median sale from 38 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Pleasant report →

Keep researching

  • Why Mount Pleasant? Read the area thesis →
  • What else is on the market in Mount Pleasant →
  • Other records on The Esplanade →

Listing material

Listed by JW Residential

Why: Because the location speaks for itself, with the exclusive setting and exceptional surrounds appealing to all

What: A 4 bedroom, 2 bathroom property with a superior riverfront location and vast established gardens

Who: Seekers of a premium lifestyle setting, with an abundance of character included

Where: Directly facing the river, and conveniently located for recreational enjoyment, with the very best of schooling, retail options and transport connections close at hand

Read the full description

Occupying a simply spectacular riverfront position, this sought after setting offers a 1028sqm block, and a rare opportunity to purchase an exclusive location for premium lifestyle living. The residence overflows with exceptional charm and character throughout, with its position within the block ensuring absolute privacy, including meandering gardens to explore and a variety of shady trees and plant life to enjoy. Your living options include a central kitchen and dining area, with a large lounge directly leading out to your sweeping and sheltered alfresco, allowing an uninterrupted flow between spaces and the perfect setting to entertain. While across your four spacious bedrooms, the largest is positioned downstairs and offers its own studio feel, with plenty of room to incorporate a living area and study within, with both bathrooms equipped for practicality, and the entire residence designed for comfort throughout. Renowned for its prestigious location and welcoming community, Mount Pleasant offers a vibrant setting, with every convenience on hand, and a family orientated feel. A choice of quality schooling is easily within reach, while its straightforward access to the CBD ensures a trouble free commute if required, with nearby retail facilities, and plentiful cafe and dining options to choose from. While your endless recreational enjoyment starts with the sensational riverfront just across the road, with a choice of parkland and reserves nearby and picturesque walking trails throughout.

Entering the property with the riverfront in your sights, the lengthy driveway disappears within the shaded expanse of garden, with established trees and mature greenery before the home, while carport parking sits to the side for the vehicle. Your kitchen and dining space provides a welcome directly into the heart of the residence, with both a ceiling fan and split system air conditioning unit for comfort, plus ample timber cabinetry and storage, in-built appliances and an 'eat-in' design for family living. A generous lounge follows on, with floor to ceiling windows for a sunroom effect, plus timber flooring and yet more in-built storage, while direct access to the sheltered and semi-enclosed alfresco provides an entertainers dream design. The alfresco wraps around the home, with café blinds to enclose the space and paved flooring that extends into the garden beyond, creating a relaxed setting for additional living, or an inviting space to gather guests. The rear garden is lawned with an elevated section beyond and reached via a brick built and feature stairway, with more of those mature and shady trees for a secret garden effect.

Back inside and a carpeted hallway leads to your sleeping quarters, with three of the four bedrooms offering a spacious feel, with the same high ceilings that benefit the entire residence and large windows for natural lighting. While bedroom four provides an apartment like experience, with an enormous living space within, plus a feature fireplace, a secondary area for a home office or walk-in robe and direct garden access, with water views from the windows for even more appeal. While the flexibility exists to utilise as another living area if so desired. And finally, your two bathrooms are both equipped with shower units, vanities and WCs, while the laundry provides storage and counterspace within.

And the reason why this property is your perfect fit? Because lifestyle and location combine in this ultimate riverfront opportunity.

Disclaimer:

This information is provided for general information purposes only and is based on information provided by the Seller 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 Ross Collier, JW Residential — reproduced as published, not verified by Districts.

Property features

  • Living Areas: 2
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.