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WA › Serpentine › Mathews Cl

23 Mathews Cl, Serpentine WA 6125

House

$760,000

Last sold

6 Mar 2023

4

Bedrooms

2

Bathrooms

2

Car spaces

4,146 m²

Land

172 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 $760,000 (6 Mar 2023).(Recorded sale)
  • CalculationLand 4,146 m² against a 172 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Serpentine (last 5 years) with land size: median $178/m² of land (n=83). 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.

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?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

$760,000

6 Mar 2023 · derived via latest_sale

Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.

Local land rate: recorded House sales in Serpentine (last 5 years) with land size have a median of $178/m² of land (n=83). Districts calculation from recorded sales — not a valuation.

Serpentine at a glance

3,315

People

$1,381,000

Median sale

$629/wk

Median rent

2.37%

Suburb gross yield

Median sale from 30 recorded sales (last 12 months) — a Districts calculation.

See the full Serpentine report →

Vs Serpentine

-45.0%

Median sale

Suburb $1,381,000

+1.93 pp

Gross yield

Suburb 2.37%

Suburb median $1,381,000 from 30 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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 retrieved

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

Heritage

Not retrieved

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

Records

Property history

202120222023$710k$760k
  • Sold (recorded)
  1. Sold$760,0006 Mar 2023
  2. Listedprice unknowncompleted27 Dec 2022
  3. Listedprice unknowncompleted27 Dec 2022
  4. Sold$710,00011 Nov 2021
  5. Listedprice unknowncompleted7 Oct 2021
  6. Listedprice unknowncompleted7 Oct 2021

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 4,146 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

Official flood overlay has not been retrieved (pending). 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 $629/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.

1 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 4,146 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?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). 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

    Development applications have not been queried 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

Serpentine in one glance

Serpentine at a glance

3,315

People

$1,381,000

Median sale

$629/wk

Median rent

2.37%

Suburb gross yield

Median sale from 30 recorded sales (last 12 months) — a Districts calculation.

See the full Serpentine report →

Keep researching

  • Why Serpentine? Read the area thesis →
  • What else is on the market in Serpentine →
  • Other records on Mathews Cl →

Listing material

Listed by O'Neil Real Estate

4x2 ON GREAT BLOCK WITH TWO SHEDS!

Wow, what a beautiful place we have here. Set on 4146sqm of land this has to be one of the best lifestyle opportunities going around. With two great sheds, a concrete driveway front to back, a bore and more. This is the lifestyle at a price that still lets you have a lifestyle!

INSIDE

The home was built in the early 2000s and has plenty of space for family living. There are four living areas, including the formal lounge at the front, the family and meals areas, the games room and the activity room. The kitchen overlooks the family/meals/games room and offers plenty of work space for you to get things done. It has shopper access from the carport, and the whole space is a very convenient design. The bedrooms are all spacious; the master bedroom features a bay window and room for a king-size bed and bedside tables plus dressers and whatnot, and let's face it, we all need space for whatnot. It has a walk-in robe and an ensuite bathroom. The secondary bedrooms are at the back of the house, there is an activity room central to all of them so the kids can get the bedrooms for their beds and a combined study/ computer nook or playroom, depending on what your family needs. It's all very practical.

Read the full description

OUTSIDE

Outside is the fantastic entertaining area, a huge patio with loads of room for you to host a multitude. There is plenty of room to enjoy here, but it gets better than that…

Let's start with the sheds. There is a 6x6 metre workshop that has power and plenty of space for all your stuff, and then you have the enormous 6x9 metre workshop with the super high roof for the super high things. The caravan or boat, you can get them in here. There is a concrete driveway that runs from the front of the property right down to both sheds, you have plenty of room to work with here, and with this kind of space, you won't be squeezing around tight corners trying to fit your vehicles through, you've got easy access for everything.

Check out all that lawn. There is so much of it, and with so much lawn you will want so much water, and you have so much water from this bore! The property is reticulated, and there is heaps of room for your garden to be developed even further. There are beautiful established fruit trees and more than enough room for chooks and veggie gardens.

WHERE IT IS

In a quiet little cul-de-sac, you will not find a better location to get away from everything and still be close to stuff!

WHAT NEXT

Hit the agent email better at the bottom of this webpage, and we will be in touch with you to set up a time for you to see this great property.

Listing description written by Mark Grogan, O'Neil Real Estate — reproduced as published, not verified by Districts.

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.