Menora at a glance
2,983
People
$2,187,500
Median sale
$641/wk
Median rent
1.52%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
WA › Menora › Walcott St
7
Bedrooms
4
Bathrooms
5
Car spaces
1,007 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Menora (last 5 years) with land size have a median of $1,991/m² of land (n=20). Districts calculation from recorded sales — not a valuation.
Menora at a glance
2,983
People
$2,187,500
Median sale
$641/wk
Median rent
1.52%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
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 1,007 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 $641/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 1,007 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
Menora at a glance
2,983
People
$2,187,500
Median sale
$641/wk
Median rent
1.52%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Realmark UrbanIf you're an ASTUTE BUYER looking to increase your yield this is AN OPPORTUNITY NOT TO BE MISSED!
Quite simply this is a VERY UNIQUE property.
Why is it unique? Well the land here is zoned R12.5, but somewhere in its past someone cleverly purposely built this unique home and then strata titled it into two titles that today, could offer a great rental investment with MASSIVE future potential!
Be prepared to be challenged and be prepared for some hard work, but if you're clever, you will unlock the ENORMOUS POTENTIAL this property holds!
HOME IN BRIEF
- Unit B & C are on one strata lot of the title and consist of a large 2 bedroom, 1 bathroom apartment upstairs and a 1 bedroom 1 bathroom apartment downstairs.
- Unit A & D are on another strata lot of the title and consist of a larger 3 bedroom 1 bathroom apartment upstairs and another one bedroom 1 bathroom apartment downstairs.
- Each strata lot shares a common laundry.
- Total rent currently received is $1000 per week over all 4 units. This could be valued added by renovating the apartments and the exterior of the building so that you can yield up your return.
- All the land around the units is common property and can potentially be further amalgamated/divided into the part lot of each side of the strata plan.
- Options galore for onsite parking.
- Ideal student accommodation for nearby ECU.
- On public transport route to the city and nearby to the shops and cafes at Angove Street.
- Built: 1984 (approx)
AREAS
Total land: 1007sqm (approx)
Zoning: R12.5
238A Internal: 226sqm (as per title)
238B Internal: 188sqm (as per title)
OUTGOINGS
238A
- Council rates: $2,290/pa (approx)
- Water rates: $1,021.69/pa (approx)
238B
- Council rates: $1,887/pa (approx)
- Water rates: $1,012.65/pa (approx)
SOUND COMPLICATED?
We've broken it down for you. Email us TODAY for an information pack including detailed floor plans, internal photos of each unit and survey.
Listing description written by Paul DiLanzo, Realmark Urban — reproduced as published, not verified by Districts.