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
$606,000
Last sold
28 May 2024
3
Bedrooms
1
Bathrooms
5
Car spaces
728 m²
Land
84 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
$606,000
28 May 2024 · derived via latest_sale
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
-22.3%
Median sale
Suburb $780,000
+1.27 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 728 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 728 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 EstateDon't miss out on this incredible opportunity to gain a massive piece of land and quality home that is nearby shops, schools and parks, set on a huge 728 square meter block that is filled to the brim with great features such as split system air conditioning, roller shutters, built in robes, and a storage shed to the rear. Currently vacant, this property is ready to be immediately moved in to, or make the most of the estimated rental yield of 5% by renting it out! From it's large land size to attractive interior there is a lot to love about this property - so make sure that you don't miss out!
Property Highlights:
- Three-bedroom, one-bathroom property
- Approx. 728 square meters land size
- Approx. 84 square meters interior size
- Zoned R20/50
- Split system air con to living area
- Roller shutters around home
- Security cameras
- Kitchen with built in cabinetry, built in oven with gas hotplates, wide stainless steel sink
- Built-in robes, automatic roller shutters and split system air conditioner to main bedroom
- Wrap around undercover patio to rear
- Large backyard with storage shed, lawn area, and gates to carport
- Bore system for front garden
Investor Summary:
- This property is currently vacant, and ready for immediate move-in or leasing out
- Market rent for 285 Morley Drive East is approximatively $550 per week
- Based on a purchase price of $570,000 and market rent, the estimated rental yield for this property is 5%
- HouseSmart Real Estate is highly active in Lockridge and the surrounding areas - with an office in nearby Beechboro! - and can provide high-quality property management services from settlement and beyond.
To the exterior of the home you will find a large front yard with front brick fencing and a driveway with space for multiple cars to park as well as carport space. Going inside however you will see the beauty and potential of this home, which holds large living spaces, an updated kitchen area ready for you to utilise, and three sizeable bedrooms.
The front living area, which provides a welcome area as you enter the home, features wood-look floorboards, and decorative wooden & glass doors that add to the décor of the room. A nice living room set would complete the room and make this the perfect place to come home to after work and relax in the embrace of your new home!
The nearby kitchen can be accessed from this living area, although acts as a separate space through the use of the floor tiling. This kitchen has been updated since the property's original build, now featuring modern cabinetry with rounded handles, as well as an original wooden overhead cupboard, a wide stainless steel sink, overhead rangehood, and a built in oven with gas hotplates.
The three bedrooms in the home are quite a good size, all with large windows that all in a lot of natural light. The main bedroom, which is the biggest of the three, features it's own split system air conditioner, as well full-length built in robes with four doors. The bathroom nearby to the bedrooms has a modern vanity, and a shower with moveable showerhead.
To the rear of the home, step out the back door and find the outdoor undercover patio, which stretches from one side of the house to the other, and down the side of the house. Perfect for entertaining needs, there is a barbeque area here that you could bring up to good working condition again, providing the ultimate space for Aussie cookouts, outdoor dinner with friends, family birthdays and summers playing cricket in the backyard. For the simpler days, put a table and chairs out here and you can relax under the cover of the patio and watch the kids or pets play in the yard.
Nearby the home you have Korbosky Park and Mary Crescent Reserve, both of which are great areas to walk to and around, with bush areas, walking paths, lakes and playgrounds. You also have the larger Rosher Oval only around 15 minutes from the home, and Lockridge Primary School right next door to this oval. Other schools within walking distance to the home include Eden Hill Primary School (1.6km) and Good Shepherd Catholic School (1.1km). As for shops, IGA Kiara is only approx. 20 minutes walk from the home, and the larger Altone Park Shopping Centre only a few short minutes drive. The Bassendean shops and train station are also only around 5 minutes drive.
Dreaming of your own home, first home, or an investment for someone else to call home? This property has it all. Three bedrooms to give room for the whole family, a great living space to relax in, and an outdoor area to make the most of. However you want to utilise the property, these 728 square meters are ready for you to call home!
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.