Mira Mar at a glance
1,963
People
$970,000
Median sale
$575/wk
Median rent
3.08%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
WA › Mira Mar › Middleton Rd
$740,000
Last sold
18 Aug 2023
3
Bedrooms
1
Bathrooms
1
Car spaces
2,040 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
$740,000
18 Aug 2023 · derived via latest_sale
Local land rate: recorded House sales in Mira Mar (last 5 years) with land size have a median of $744/m² of land (n=44). Districts calculation from recorded sales — not a valuation.
Mira Mar at a glance
1,963
People
$970,000
Median sale
$575/wk
Median rent
3.08%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Mira Mar
-23.7%
Median sale
Suburb $970,000
+0.96 pp
Gross yield
Suburb 3.08%
Suburb median $970,000 from 17 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 2,040 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 $575/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 2,040 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
Mira Mar at a glance
1,963
People
$970,000
Median sale
$575/wk
Median rent
3.08%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Merrifield Real EstateDating from about 1914, this outstanding character home was adapted for use as a specialist's consulting rooms in recent years. With numerous options for the use of the 2040sqm block it occupies, it could revert to a residence if required.
Located midway between town and Albany's iconic Middleton Beach, the brick and steel Federation Queen Anne residence was built for a prominent local family and has been well preserved over the years to reflect its cultural heritage significance.
It sits near the front of the block and has excellent street appeal with a half-gable roof, rendered window surrounds and a bullnose veranda on one side.
The interior displays high ceilings, picture rails, timber windows with stained glass panels, fireplaces, deep skirting boards and timber floors under the carpets in the original front part of the building, while an extension at the back has enhanced the space and amenities.
This allows the owners to configure the interior to their own needs, whether returning it to a residence or continuing its use as a medical suite or similar.
The old part of the house has three spacious rooms, currently used as consulting rooms and a waiting room.
A kitchen could be established in the existing reception area or in a part of the extension, where there are two wet areas and a toilet, as well as another living space or bedroom.
Behind the building is a generous car park and a few tall native trees delineating this section from most of the land – grassy, cleared and gently sloping – at the back.
The R25 zoning allows for development of multiple lots, so retaining the original and building four at the rear of the block could bring excellent returns for a far-sighted investor.
Having a lease until May 2024, with a further option for 1 year, promises an income for the new owners while they plan a longer-term strategy for the use of the building and land. The rent is paid in advance yearly, so a pro rata adjustment will be made at settlement.
Its central location enhances its appeal to individuals and developers.
Explore the exciting prospects of this real estate package with Jeremy Stewart of Merrifield Real Estate by phoning 0439 940 976.
What you need to know:
- Character home circa 1914
- Brick construction with steel roof plus rear extension
- Adapted for use as medical suite
- Potential to convert back to residence
- Timber floors, high ceilings, fireplaces, picture rails, timber windows, stained glass, deep skirtings
- Three spacious main rooms and reception in original building
- Extension with living room or bedroom, two wet areas, toilet
- Central location – halfway between town and beach
- 2040sqm block, house sited at front
- Sealed car park at rear
- Zoned R25, option to develop with up to 4 dwellings, plus keep existing structure
- Leased until May 2024, with further 1 year option
- Council rates $2,925.51
- Water rates $1,488.73
Listing description written by Jeremy Stewart, Merrifield Real Estate — reproduced as published, not verified by Districts.