Balga at a glance
15,291
People
$800,000
Median sale
$651/wk
Median rent
4.23%
Suburb gross yield
Median sale from 60 recorded sales (last 12 months) — a Districts calculation.
WA › Balga › Earnley Way
$97,440
For sale
Asking
$390,000
Last sold
22 Mar 2023
3
Bedrooms
1
Bathrooms
4
Car spaces
809 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
Asking
$97,440
Asking · $120/m² of land
Last recorded sale $390,000 (22 Mar 2023).
Local land rate: recorded House sales in Balga (last 5 years) with land size have a median of $1,140/m² of land (n=76). Districts calculation from recorded sales — not a valuation.
Balga at a glance
15,291
People
$800,000
Median sale
$651/wk
Median rent
4.23%
Suburb gross yield
Median sale from 60 recorded sales (last 12 months) — a Districts calculation.
Vs Balga
-87.8%
Median sale
Suburb $800,000
+30.51 pp
Gross yield
Suburb 4.23%
Suburb median $800,000 from 60 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$5,776 on top of the price (5.9% extra)
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.
Pre-filled with Balga's advertised median rent — not a rent for this listing.
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.
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 809 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 $651/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.
Gross yield if leased at the suburb aggregate is 34.7%. 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
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 809 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.
Nearby
Area
Balga at a glance
15,291
People
$800,000
Median sale
$651/wk
Median rent
4.23%
Suburb gross yield
Median sale from 60 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Initiative809sqm R40 | Four Dwellings | High-Yield Investment
Presented by Raman Deol
Welcome to an exceptionally rare investment opportunity that truly stands in a league of its own. Positioned on a substantial 809sqm R40-zoned block, this outstanding income-producing property offers immediate cash flow, future development potential, and multiple dwellings all under one title.
Whether you're a seasoned investor looking to expand your portfolio or someone seeking a high-yield asset with future upside, this is the kind of property that rarely becomes available.
Designed to maximise rental returns, the property comprises four separately accessed residences, each independently tenanted and generating a strong combined rental income from day one.
At the centre of the block sits the main residence, offering 3 spacious bedrooms, 1 bathroom and 2 toilets, providing comfortable family accommodation with two split-system air conditioners and evaporative air conditioning throughout.
Adjacent to the home is a self-contained 1-bedroom studio, complete with its own kitchen, bathroom, laundry, private entrance, and reverse-cycle split-system air conditioning, making it ideal for long-term tenants.
Positioned at the rear are two fully self-contained 2-bedroom granny flats, each featuring their own kitchen, bathroom, private access, and split-system air conditioning, allowing complete independence for occupants while maximising rental appeal.
The current rental returns speak for themselves:
• Main House: $650 per week (leased until April 2027)
• 1-Bedroom Studio: $380 per week (leased until January 2027)
• Granny Flat 1: $500 per week (leased until July 2027)
• Granny Flat 2: $500 per week (leased until January 2027)
Total Current Rental Income: $2,030 per week
With all residences already leased, there is absolutely nothing left to do. Simply purchase the property and enjoy immediate, consistent rental income from settlement.
What truly sets this property apart is its exceptional future potential. Sitting on an 809sqm R40-zoned block, there is approximately 187sqm of land at the front with the potential to be subdivided (subject to relevant approvals), creating the opportunity to build an additional villa or home, increasing your rental income even further or providing the option to sell the new lot separately.
Investment opportunities that combine strong holding income with genuine development potential are becoming increasingly difficult to find-particularly just approximately 10km from the Perth CBD.
Located in one of Balga's strongest growth corridors, you'll enjoy easy access to schools, shopping centres, parks, public transport, and major arterial roads, making this an attractive proposition for both current tenants and future buyers alike.
Key Features:
• 809sqm R40-zoned block
• Exceptional investment opportunity
• Four separately accessed residences
• Total of 8 bedrooms, 4 bathrooms and 5 toilets
• Main residence: 3 bedrooms, 1 bathroom, 2 toilets
• Self-contained 1-bedroom studio with kitchen, bathroom and laundry
• Two self-contained 2-bedroom granny flats
• Main house with evaporative air conditioning plus two split-system air conditioners
• Studio with reverse-cycle split-system air conditioner
• Each granny flat fitted with its own split-system air conditioner
• Approximately 187sqm of land at the front with future subdivision/development potential (STCA)
• Nothing to spend - fully tenanted and income producing from day one
• Outstanding long-term investment with future capital growth potential
Location Highlights:
• Approximately 10km to Perth CBD
• Close to schools, shopping centres and local amenities
• Easy access to public transport
• Convenient access to major arterial roads
• Located in one of Perth's fastest-growing and highest-demand suburbs
Properties of this calibre simply don't come along often. Combining immediate high-yield rental income, multiple dwellings, separate access, long-term leases, and outstanding future development potential, this is an investment that ticks every box.
Buy today, collect the rent tomorrow, and secure your financial future with one of Balga's most unique investment offerings. Contact Raman Deol today on 0450 281 313 or email raman.deol@harcourts.com.au to arrange your private inspection.
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 inquiries.
Listing description written by Raman Deol, Harcourts Initiative — reproduced as published, not verified by Districts.