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WA › Salter Point › River Way

29 River Way, Salter Point WA 6152

House

$2,510,000

Last sold

24 Sept 2024

4

Bedrooms

2

Bathrooms

3

Car spaces

526 m²

Land

359 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $2,510,000 (24 Sept 2024).(Recorded sale)
  • CalculationRecorded House sales in Salter Point (last 5 years) with land size: median $2,593/m² of land (n=48). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$2,510,000

24 Sept 2024 · derived via latest_sale

Local land rate: recorded House sales in Salter Point (last 5 years) with land size have a median of $2,593/m² of land (n=48). Districts calculation from recorded sales — not a valuation.

Salter Point at a glance

3,116

People

$2,150,000

Median sale

$682/wk

Median rent

1.65%

Suburb gross yield

Median sale from 14 recorded sales (last 12 months) — a Districts calculation.

See the full Salter Point report →

Vs Salter Point

+16.7%

Median sale

Suburb $2,150,000

-0.24 pp

Gross yield

Suburb 1.65%

Suburb median $2,150,000 from 14 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$2,510,00024 Sept 2024
  2. Listedprice unknowncompleted10 Sept 2024
  3. Soldprice unknown11 Apr 2021
  4. Listedprice unknowncompleted3 June 2020

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 526 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $682/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 526 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Salter Point in one glance

Salter Point at a glance

3,116

People

$2,150,000

Median sale

$682/wk

Median rent

1.65%

Suburb gross yield

Median sale from 14 recorded sales (last 12 months) — a Districts calculation.

See the full Salter Point report →

Keep researching

  • Why Salter Point? Read the area thesis →
  • What else is on the market in Salter Point →
  • Other records on River Way →

Listing material

Listed by Mint Real Estate East Fremantle

You're Invited to a Luxurious Family Living in Salter Point

Step into elegance and discover this stunning 6-year-young masterpiece by Artique Homes, perched at the top of Salter Point. Bathed in natural light and offering a luxurious feel from the moment you enter, this home is designed for families who value both style and functionality.

Featuring dual living zones across two levels, Brushbox timber flooring, travertine tiling, stone benchtops, and more, no expense has been spared. The first-floor boasts a chef's kitchen with an oversized island, perfect for entertaining, leading out to a large balcony where you can dine or relax while taking in the river and hill views. Downstairs, a teen retreat with a kitchenette and king-sized bedrooms offers privacy and space.

With a low-maintenance landscaping, and a 3-car garage with extra parking for weekend adventures, this home is ready to accommodate your family's every need.

Read the full description

Conveniently located:

• Stroll to the Canning River Foreshore about 100m away

• Aquinas College just moments away

• Manning Primary School and St Pius X Catholic Primary School 1km away

• Welwyn Avenue Shopping Centre and Nova Medical Centre less than 1km away

• Waterford Plaza and Curtin University within 2km

Additional Highlights:

Future-Proof Design: Provisions for an elevator installation

Private and Secure: Fully fenced on a 526m² strata block

Ready to upgrade your lifestyle? Don't miss out - call Lisa on 0481 380 380 today!

Rates and Local information

Water Rates: $1,771.43 (2023/2024)

City of South Perth Council Rates: $3,653.06 (2024/25)

Zoning: R20

Primary School Catchment: Manning Primary School

Secondary School Catchment: Como Secondary College

*PLEASE NOTE: While every effort has been made to ensure the given information is correct at the time of listing, this information is provided for reference only and is subject to change. It is recommended that you conduct your own due diligence before making any decisions based on this information.

Listing description written by Lisa Loke, Mint Real Estate East Fremantle — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.