Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
WA › Albany › Vancouver St
$1,670,000
Last sold
20 Sept 2024
8
Bedrooms
4
Bathrooms
3
Car spaces
1,846 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
$1,670,000
20 Sept 2024 · derived via latest_sale
Local land rate: recorded House sales in Albany (last 5 years) with land size have a median of $1,210/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Albany
+67.0%
Median sale
Suburb $1,000,000
-1.20 pp
Gross yield
Suburb 2.99%
Suburb median $1,000,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 1,846 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 $575/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 1,846 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
Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate AlbanyThis exceptional property presents an exciting and unique investment opportunity – a brilliant building, excellent rent returns with potential for much more, and a large piece of land in a brilliant central position, with room for additional development.
Originally named ‘Dalkeith’ and subsequently ‘Brackley Flats’, the imposing late Victorian/federation home has a charming story and is brimming with warmth and soul, with brick fireplaces, wide floorboards, soaring ceilings, and majestic hallways – stunning character everywhere you look. Currently split into four apartments, the property has excellent long term tenants bringing solid rent returns, it is also perfectly suited to high-end short-stay accommodation with potential to achieve significant revenue.
Located in the heart of Albany, the property takes in harbour views, and sits in the beautiful historical precinct within easy reach of the cafes, bars, and eateries of town, and with the Brig Amity, Mutenup (Foundation Park), and renowned Albany Farmers Markets all close by.
With a massive 1,846sqm of land there is also scope to further develop the property, perhaps with a couple of units at the back.
As Albany grows, properties in central locations only become more valuable. Here you are not only buying a big chunk of prime land, you are buying an amazing building, superb income potential, and potential to develop further.
• Beautiful late Victorian/federation building constructed approximately 1885
• Large 1,846sqm lot, Residential R30/R40 zoning, potential for further development
• Excellent central location approximately 100m to the farmers markets and 250m to York St. Within easy reach of cafes, bars, and eateries of town
• In Albany’s historical precinct, with views to Princess Royal Harbour
• Divided into four apartments with long term tenants, solid rental income
• Each apartment two bed, one bath with large enclosed undercover area
• Very appealing shared courtyard at rear, shared gardens, three bay open shed
• Partially renovated, scope to modernize further
• Very suitable for high-end short-stay accommodation, top income potential
• Could be converted to single imposing home, but would need fairly extensive remodeling to do so
• Noted on local heritage survey, no state listing
This is a magnificent building in a brilliant location with so much on offer. Viewing by appointment only, for your private inspection or more information please contact Blair Scott on 0459 024 026.
Listing description written by Blair Scott, Elders Real Estate Albany — reproduced as published, not verified by Districts.