Midvale at a glance
3,365
People
$802,500
Median sale
$600/wk
Median rent
3.89%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
WA › Midvale › Morrison Rd
$470,000
Last sold
1 Aug 2023
4
Bedrooms
2
Bathrooms
4
Car spaces
771 m²
Land
158 m²
Building
Districts View
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
$470,000
1 Aug 2023 · derived via latest_sale
Local land rate: recorded House sales in Midvale (last 5 years) with land size have a median of $1,403/m² of land (n=70). Districts calculation from recorded sales — not a valuation.
Midvale at a glance
3,365
People
$802,500
Median sale
$600/wk
Median rent
3.89%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Vs Midvale
-41.4%
Median sale
Suburb $802,500
+2.75 pp
Gross yield
Suburb 3.89%
Suburb median $802,500 from 24 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 771 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 $600/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 771 m² — that is not official geometry.
Nearby development pipeline
Area
Midvale at a glance
3,365
People
$802,500
Median sale
$600/wk
Median rent
3.89%
Suburb gross yield
Median sale from 24 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by HouseSmart Real EstateThis four bedroom, two bathroom home is not only situated on a massive 771 square metre block but also comes with many extra features not usually found in the 'modern-build' homes of today, including a large workshop, fireplace, bar, solar panels, and drive-through access to the backyard. Do you want space to put your 4WD, boat, motorbike or caravan? Enjoy cooking up a storm and looking for a kitchen with a double oven, double fridge space, and double sink? Do you have a large family, or enjoy entertaining? Whatever your situation may be, this home has 'something' in store for you. The perks keep on coming, and they won't stop coming!
Property Highlights Include:
- Four-bedroom, two-bathroom home built in 1979
- Spacious 771 square metre lot, Zoned R12.5
- Approximate internal floorspace of 158 square metres
- Separate family room with bar
- Separate activity area
- Reverse cycle ducted air conditioning
- Built in robes
- Undercover entertaining area
- Large rear powered workshop
And that's not all... read on to explore more!
Investor Summary:
- Currently rented on a periodic lease for $480 per week
- Approximate market rental price is $550 per week
- Expected rental yield with a sales price of $500,000 and rental price of $550 per week is 5.74%
- HouseSmart Real Estate is highly active in Midland, Midvale and the surrounding areas and can provide high-quality leasing and rental management services throughout the tenancy and beyond.
Large Land Banking Opportunity:
- 260 Morrison Road is 771 square metres
- 258A Morrison Road & 258B Morrison Road are both approximately 558 square metres for each strata titled lot.
- Incredible opportunity to purchase 258A, 258B and 260 Morrison Road for a combined landholding of up to 1,888 square metres.
- Zoned R12.5
- Further development information can be found with the Shire of Mundaring (08) 9290 6666
As you drive up towards the property, one of the first things you will notice about the property is the large driveway space. There is room for multiple cars to the driveway, as well as secure gates providing drive-through access to the backyard and workshop, where you could park your 4WD, boat, or caravan. The backyard is fully fenced, so you don't need to worry about your pets running out the front to greet you. A double auto garage also provides extra parking behind it's doors. If you prefer walking, you may not even need a car - shops, restaurant's, parks, and all your essentials are within walking distance, whilst public transport out the front of the property can bring you to the larger Midland Gate Shopping Centre.
To the interior of the home, you will find masses of space to relax and come home to. A separate entry space welcomes you as you walk inside, providing a privacy wall to the rest of the house. To the left you will find the main living area, which utilises a 'step-down' design similar to that of the 70's; bringing a sense of comfort to the room. Built in 1979, this home does hold on to a lot of the style from that era - a unique reminiscence of the past which is unfortunately lost on a modern homes built today. This room also features a bar, even thoughtfully including openings to the kitchen and activity area to serve people through. If you enjoy entertaining or having friends over, this is a great addition to the home!
The activity area would be the perfect place for a bookshelf, or playroom for young children. Archways open up from here to the kitchen, and on towards the bedrooms. In case you are struck for space, there is another family area as well, which is perfect for a second lounge set, theatre room, or to utilise as a study. The opportunities are endless in this house with loads of space!
The kitchen and dining area are tiled, which is easy on cleaning. If you enjoy cooking, this kitchen is a dream. Double in-built ovens, double fridge space, double stainless steel sink, a built-in coffee machine (wow!), electric hotplates, and loads of bench and cupboard space. This area overlooks the dining area, which features a luxurious slow-combustion fireplace to keep the place warm in winter. Downlights light up the area, and glass sliding doors open up to the outdoor entertaining area.
Before heading outside, let's explore the bedrooms. Four bedrooms, all well-sized to fit large beds, and best of all featuring built in robes for all your clothing, shoes and storage. Reverse cycle ducted air conditioning is featured throughout the house including the bedrooms. The main bathroom with a toilet and separate shower, with the home's hot water system powered by solar, and to the main bedroom there is a separate ensuite including a toilet and shower with detachable showerhead.
Through to the backyard, here is where you find space for children or pets to play, gardening, paved areas perfect for an outdoor table and chairs, and of course the powered workshop. The outdoor entertaining area, which opens up from the dining room, provides skylights , a privacy wall from the rest of the backyard, and a secure gate separating the area. For conversing with friends, keeping an eye on your pets, or for an undercover area when it rains, this patio provides the perfect area!
The home is located 500m from Woolworths Midvale, and 700m from Swan View IGA, with multiple restaurants and other shops in the vicinity as well. The larger Midland Gate Shopping Centre is a quick drive less than 10 minutes away. Swan View Park Oval is under 5 minute walk, and three schools are less than 10 minutes away being Midvale Primary School at 5 minute drive, Swan View Primary School at 6 minute drive and Swan View Senior High School at 7 minute drive.
With loads of space and extras throughout, you can see why this home is pretty special! Whether you wish to move in or continue renting it out for an immediate investment, the choice is yours. Don't miss out on this incredible opportunity!
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.
Nearby 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.