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WA › Forrestfield › Magnolia Way

24 Magnolia Way, Forrestfield WA 6058

House

$605,000

Last sold

14 Nov 2023

4

Bedrooms

2

Bathrooms

2

Car spaces

700 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $605,000 (14 Nov 2023).(Recorded sale)
  • FactLand 700 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Forrestfield (last 5 years) with land size: median $1,113/m² of land (n=130). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned Residential (1) under the KALAMUNDA.(Landgate SLIP · 31 Aug 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

What this lot has actually traded at

Last sold

$605,000

14 Nov 2023 · derived via latest_sale

Local land rate: recorded House sales in Forrestfield (last 5 years) with land size have a median of $1,113/m² of land (n=130). Districts calculation from recorded sales — not a valuation.

Forrestfield at a glance

15,153

People

$885,000

Median sale

$693/wk

Median rent

4.07%

Suburb gross yield

Median sale from 60 recorded sales (last 12 months) — a Districts calculation.

See the full Forrestfield report →

Vs Forrestfield

-31.6%

Median sale

Suburb $885,000

+1.89 pp

Gross yield

Suburb 4.07%

Suburb median $885,000 from 60 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

KALAMUNDA

Zone

Residential

1

Jurisdiction

Kalamunda

Kalamunda, 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: 31 Aug 2026
  • Version: 1
  • Parcel: 143322

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 31 Aug 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 31 Aug 2026). Mapped layers change — this is the strongest all-clear Districts can give, not a certificate.

Records

Property history

  1. Sold$605,00014 Nov 2023
  2. Listedprice unknowncompleted15 Aug 2023
  3. Listedprice unknowncompleted15 Aug 2023

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 700 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 $693/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.

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 700 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

    Official parcel about 702 m² — land size can look like optionality. 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

Forrestfield in one glance

Forrestfield at a glance

15,153

People

$885,000

Median sale

$693/wk

Median rent

4.07%

Suburb gross yield

Median sale from 60 recorded sales (last 12 months) — a Districts calculation.

See the full Forrestfield report →

Keep researching

  • Why Forrestfield? Read the area thesis →
  • What else is on the market in Forrestfield →
  • Other records on Magnolia Way →

Listing material

Listed by Porter Matthews Metro

SOLD -Versatility, Character and Charm.

Versatility, Character and Charm.

A unique property like no other. Two homes rolled into one character combo. This is a rare buying opportunity that will allow even the largest of families to prosper. Whether you need space for the in-laws, an additional dwelling under the main roof to help cover your pesky mortgage costs or simply some extra room to unstack the growing family- there are versatile options here that will suit.

Magnolia Way is in prime central positioning to benefit from all that Forrestfield has on offer. Located within walking distance to all our local amenities. Schools, parks, shopping facilities, eateries, gyms, the famous Woodlupine Brook waterfall and much more. On a big 700 sqm block and with zoning that (with relevant approvals) could even allow possible future development options. This bigger family home has four bedrooms, two bathrooms, a secure double garage, multiple living spaces and two kitchens!

Read the full description

Inside you will notice that this home has clearly been loved. With copious amounts of recent upgrades from a fresh coat of paint to some new downlights, carpets and beyond. The frontal living quarters invite your guests with touches of built in stone furniture and a unique Invicta fireplace. The central kitchen overlooks dining areas and seamlessly blends that old school cool with new world convenience. A seven burner stove, two ovens, modern range hood recessed into the original 1970's copper surround and even a large scullery to the side. There are three bedrooms on this side of the main dwelling all serviced by a functional bathroom.

On the other side of the property (and still under the main roof) there is a granny flat that with some privacy upgrades could function entirely independently. Here is your second kitchen with hotplates, plenty of storage options, a fully tiled bathroom and a large airconditioned 'studio' or 'Master bedroom suite' depending on your particular needs.

Out the back you will love the manicured gardens and expansive patio entertaining areas. There is a tidy garden shed and even an optional cat run too. With too many features to list, it's time you called The Mitchell Brothers to book your viewing.

Alex Mitchell - 0404 122 943

Nick Mitchell - 0415 833 131

Water rates: $1,113.30 p/a (approx.) - For period 01/07/2022 to 30/06/2023

Council rates: $1985.89 p/a (approx.)

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.

Listing description written by Nick Mitchell, Porter Matthews Metro — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Ducted Cooling
  • Fully Fenced
  • Gas Heating
  • Outdoor Entertaining
  • Remote Garage
  • Rumpus Room
  • Secure Parking
  • Shed
  • Study
  • Toilets: 2

Also look at

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  • 99 Dawson Ave, Forrestfield WA 6058

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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.