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WA › Southern River › Lakey St

23 Lakey St, Southern River WA 6110

For saleHouse

$799,000

For sale

Asking

$650,000

Last sold

2 Feb 2026

3

Bedrooms

2

Bathrooms

2

Car spaces

249 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $799,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $799,000(Listing record · 3 June 2026)
  • CalculationRecorded House sales in Southern River (last 5 years) with land size: median $2,069/m² of land (n=114). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 25% below the Southern River median recorded sale ($1,061,000, n=83, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Southern River's advertised median rent ($790/wk), implied gross yield would be 5.14% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • FactZoned Local road (796) under the GOSNELLS.(Landgate SLIP · 2 Sept 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

The ask against the evidence

Asking

$799,000

Asking · $3,209/m² of land

Last recorded sale $650,000 (2 Feb 2026).

Local land rate: recorded House sales in Southern River (last 5 years) with land size have a median of $2,069/m² of land (n=114). Districts calculation from recorded sales — not a valuation.

Southern River at a glance

16,598

People

$1,061,000

Median sale

$790/wk

Median rent

3.87%

Suburb gross yield

Median sale from 83 recorded sales (last 12 months) — a Districts calculation.

See the full Southern River report →

Vs Southern River

-24.7%

Median sale

Suburb $1,061,000

+1.27 pp

Gross yield

Suburb 3.87%

Suburb median $1,061,000 from 83 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$799,000
Stamp Duty (Western Australia)
$32,264
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$835,189

$36,189 on top of the price (4.5% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Southern River's advertised median rent — not a rent for this listing.

Net yield
3.64%
Annual cashflow (pre-tax)
$-12,453
Interest cover (DSCR)
0.70
Annual rent
$41,080
Operating expenses
$11,985
Loan amount
$639,200
Annual interest
$41,548
Gross yield
5.14%

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.

Open the full yield calculator →

Planning

Planning and development

Planning scheme

GOSNELLS

Zone

Local road

796

Jurisdiction

Gosnells

Gosnells, 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: 2 Sept 2026
  • Version: 1
  • Parcel: 1326393

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 2 Sept 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 2 Sept 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.

Records

Property history

2026$650k$799k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$799,000available3 June 2026
  2. Sold$650,0002 Feb 2026
  3. Listedprice unknowncompleted29 May 2025
  4. Listedprice unknowncompleted29 May 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 249 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 $790/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

Gross yield if leased at the suburb aggregate is 5.1%. 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. 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 249 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

    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

Southern River in one glance

Southern River at a glance

16,598

People

$1,061,000

Median sale

$790/wk

Median rent

3.87%

Suburb gross yield

Median sale from 83 recorded sales (last 12 months) — a Districts calculation.

See the full Southern River report →

Keep researching

  • Why Southern River? Read the area thesis →
  • What else is on the market in Southern River →
  • Other records on Lakey St →

Listing material

Listed by LJ Hooker Harrisdale

FAMILY HOME IN A PRIME SOUTHERN RIVER LOCATION OR AN INVESTMENT OPPORTUNITY

This house is currently lease until July 2027 @$800 per week.

This beautifully maintained 3-bedroom, 2-bathroom home in the highly sought-after Southern River, community offers the perfect blend of modern comfort, low-maintenance living and everyday convenience.

Designed for effortless living, the home features a spacious master suite complete with a private ensuite, while all bedrooms include built-in robes. Additional features include split-system air conditioning in the living area for year-round comfort and a secure double garage with convenient internal access.

Read the full description

Ideally located within walking distance of The Vale Shopping Centre, Southern River Library, ALDI, local parks, schools and public transport, this property offers an exceptional lifestyle opportunity in one of Southern River's most desirable locations.

Adding further appeal, the home is situated within the Harrisdale Senior High School catchment area, making it an excellent choice for families seeking access to a highly regarded local school.

For further information or to arrange a private viewing, contact Vishal Shorey - 0413 746 549 today.

DISCLAIMER: The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however we cannot guarantee it. Accordingly, all interested parties should make their own enquires to verify the information.

Listing description written by Vishal Shorey, LJ Hooker Harrisdale — reproduced as published, not verified by Districts.

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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.