Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
WA › Lockridge › Morley Drive East
$678,750
Last sold
19 Mar 2025
3
Bedrooms
2
Bathrooms
1
Car spaces
729 m²
Land
112 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
$678,750
19 Mar 2025 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Lockridge (last 5 years) with land size have a median of $965/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Vs Lockridge
-13.0%
Median sale
Suburb $780,000
+0.66 pp
Gross yield
Suburb 4.41%
Suburb median $780,000 from 34 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 729 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 $662/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 729 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
Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by HouseSmart Real EstateFrom a rental investment to a move-in opportunity, whatever you are looking for, this house has enough room for everyone. Packed to the brim with desirable and modern features in it's refurbished kitchen area and ample sized bedrooms, you won't be missing out in this home! Your new life awaits with a generous portion of land (729 square metres, zoned R20/50) and an approximate internal floor-space of 112 square metres. Are you ready to take that next step?
Property Highlights Include:
- Four-bedroom, one-bathroom home built in 1969
- 729 square metres land size, zoned R20/50
- 112 square metres internal floorspace
- Renovated kitchen with modern appliances
- Split system air condition in living area
- Ceiling fans in bedrooms
- Huge laundry space!
- Large front and back yards
- Gate to front yard
Investor Summary:
- This house is currently owner-occupied and ready to be rented out or moved in to.
- Market rent for 271 Morley Drive East is approximately $500 per week.
- Using a purchase price of $440,000 results in a gross annual rental yield of 5.93%.
- Zoning is R20/50 which provides a plethora of options - contact the City of Swan for more information. Subdivision should be possible, subject to relevant approvals!
- HouseSmart is highly active in Lockridge and the surrounding areas, and can provide Property Management Services throughout the course of the sale and beyond.
Upon entering your home, you are welcomed into a surprisingly sizable living area connected to the kitchen. Being recently renovated, the kitchen now poses a modern-look with its stainless-steel appliances. A built-in oven, gas hotplates, double stainless steel sink, and modern-look cupboards are just some of the awesome features that this kitchen now showcases.
Also updated is the floorboards, which span throughout the living areas and in to the bedrooms. The living area is a generous size and perfect for Sunday afternoon at home relaxing. For the Summertime, a split system air conditioner provides a nice cool breeze overhead. The fourth bedroom, towards the back of the house, could easily be used as a family room or study if not needed as a bedroom. This back room is spacious with crisp modern presentation, with a great aspect towards the backyard.
Through to the bedrooms, you will find that storage is thought through with robes to two of the bedrooms. They also feature ceiling fans which provide a welcome relief in the summer. A shared bathroom is ideally positioned between the bedrooms, making the morning routine smoother.
Going through the back of the property you find the laundry, which is quite spacious and features a modern laundry bench. Step out from here to the backyard, which is very expansive and welcoming to any creative hands. The total lot size here is 729 square metres of zoned R20/50 space... subdivision potential abounds, subject to relevant council approvals. Please contact the City of Swan to explore all the options for this exciting block!
This house is located on a popular road that leads to many different local destinations and attractions. Only a few streets away, you can find yourself at IGA Kiara (1.3km or 17 min walk). Also within walking distance is Eden Hill Primary School (1.3km or 15 min walk). Other close by schools include Lockridge Primary School (700m or 9 min walk) and and Good Shepherd Catholic School (1.0km or 12 min walk).
Only a short 5 min drive away is Bassendean Train Station. Driving to the west, you can get on to Tonkin Highway connecting you from the southern eastern part of Perth to the Northern parts of Perth. Perth CBD is about 25-minute drive distance and Perth Airport is a shorter 17 minute away.
There are several large parks and reserves nearby the property. The closest of the lot is Korbosky Park being a 4 minute walk (300m). Across the street, you can get to Savvy Lee Playground/Mary Crescent Reserve also 4 minutes (300m) walk away.
A great location, convenient for both public transport and Bassendean Train Station, the shops or a highway commute to other areas of Perth. Lockridge is a suburb with plenty of local developments building up to new heights - don't miss out yourself! The property can readily be rented out, with a market rent of $500 per week, or simply move in and enjoy yourself! Don't miss out on this exciting home with plenty of opportunity and space!
Please note this home is being sold on an "as-is" basis.
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.