Subiaco at a glance
11,701
People
$2,070,000
Median sale
$673/wk
Median rent
1.69%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
For sale
For sale
8
Bedrooms
4
Bathrooms
12
Car spaces
458 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
No recorded sale price for this property yet.
Subiaco at a glance
11,701
People
$2,070,000
Median sale
$673/wk
Median rent
1.69%
Suburb gross yield
Median sale from 45 recorded sales (last 12 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 458 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 $673/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 458 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
Subiaco at a glance
11,701
People
$2,070,000
Median sale
$673/wk
Median rent
1.69%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by ShellabearsWhen Optionality is the key.
On the eastern gateway to Subiaco, directly alongside the transformational SUBI EAST redevelopment precinct, this strategically located property presents a rare opportunity to reposition, redevelop or repurpose an existing commercial building within one of Perth's most rapidly evolving urban corridors. All 8 Titles together in one Building , an opportunity to have your own headquarters in ONE location.
Occupying a 458sqm site and zoned R-AC0 (Residential Activity Centre) under the City of Subiaco Planning Framework, the property currently comprises a three-level office building incorporating eight strata-style office suites together with twelve on-site car bays at street level.
The existing improvements include:
• Four offices of approximately 63sqm (+balcony)
• Four offices of approximately 61sqm (+balcony)
• Central lightwell configuration providing natural light penetration and design flexibility with room for a lift.
• Extensive on-site parking rarely found in inner urban locations
The site offers compelling scope for:
• Residential conversion (STCA) longterm lease / owner occupier
• Boutique apartment redevelopment (STCA) Short term lease
• Mixed-use repositioning (STCA)
• Owner-occupier office headquarters with future adaptive reuse potential
Importantly, the current planning framework encourages urban consolidation and residential activation within the broader Subiaco Activity Centre. Preliminary planning investigations indicate potential exists for additional height beyond the current built form, subject to design merit and approvals from the City of Subiaco and/or the Western Australian Planning Commission.
The property's existing structural form, combined with its central access and lightwell design, creates a highly adaptable platform for architectural reinvention. A future residential scheme could capitalise on:
• Increased demand generated by the Subi East masterplanned precinct
• New amenity emerging from the nearby PMH redevelopment
• Proximity to transport, medical infrastructure and the Perth CBD
• Strong owner-occupier and downsizer demand for urban residential product
• Substantially built form
Located near the Hamilton Street intersection at the eastern end of York Street, the property sits moments from the landmark Subi East redevelopment and the emerging 1909 Subi East precinct by Development WA, a transformational project reshaping the future of Subiaco living.
Key Features
• 458sqm landholding
• R-AC0 zoning
• Existing three-level office building
• Eight office suites
• Twelve on-site car bays
• Potential residential conversion or redevelopment (STCA)
• Scope for additional height subject to approval
• Central lightwell design
• High-growth urban renewal location
• Adjacent to Subi East / PMH redevelopment corridor
A Strategic Urban Infill Opportunity
As Perth continues its shift toward higher-density inner urban living, opportunities to acquire adaptable buildings within tightly held redevelopment precincts are becoming increasingly scarce. 27 York Street represents a genuine opportunity to create future value through repositioning, adaptive reuse or redevelopment within one of Western Australia's most significant urban renewal corridors.
Buy as an office and be ready to Bank your future Residential profit !
Contact the Agent for an Information Memorandum (IM)
Chris Shellabear 0418 910 065
Andy Nye 0450 763 331
Rates (approximate):
Council: $17,287.80 per annum
Water: $9,534 per annum
Listing description written by Chris Shellabear, Shellabears — reproduced as published, not verified by Districts.