Millars Well at a glance
2,347
People
$720,000
Median sale
$1,000/wk
Median rent
7.22%
Suburb gross yield
Median sale from 51 recorded sales (last 12 months) — a Districts calculation.
WA › Millars Well › Wedge Pl
$525,000
Last sold
28 Oct 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
615 m²
Land
133 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
$525,000
28 Oct 2024 · derived via latest_sale
Local land rate: recorded House sales in Millars Well (last 5 years) with land size have a median of $990/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
Millars Well at a glance
2,347
People
$720,000
Median sale
$1,000/wk
Median rent
7.22%
Suburb gross yield
Median sale from 51 recorded sales (last 12 months) — a Districts calculation.
Vs Millars Well
-27.1%
Median sale
Suburb $720,000
+2.68 pp
Gross yield
Suburb 7.22%
Suburb median $720,000 from 51 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 615 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 $1,000/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 615 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
Millars Well at a glance
2,347
People
$720,000
Median sale
$1,000/wk
Median rent
7.22%
Suburb gross yield
Median sale from 51 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Realmark KarrathaFor Sale by Openn Negotiation, flexible term online auction. The bidding has started, and the property may sell at any time.
What to love?
2B Wedge Place, Millars Well is a charming three-bedroom, one-bathroom brick home that offers both comfort and practicality. Built in 1996 and set on a generous 615m² block, this 133m² home is ideal for families looking for space and convenience. There's plenty of parking for everyone, with a carport, hardstand for boats or caravans, and side access to the backyard – perfect for storing away those weekend toys.
Step through the timber entry doors and you'll be greeted by a bright and airy lounge room, bathed in natural light from two large sets of windows and with natural looking plank flooring. The open family area flows seamlessly into the kitchen, where you'll find a corner pantry, freestanding oven with gas cooktop, a dishwasher recess and stylish timber-edged benchtops. It’s all designed with family living in mind, allowing you to look out over the dining space and stay connected while cooking up a storm.
The three spacious bedrooms are carpeted for comfort and come with built-in wardrobes, split-system air conditioning, and fans to keep you cool all year round. The main bedroom is a standout, featuring twin double wardrobes and large windows that fill the room with light.
A family bathroom caters to everyone, offering a tiled shower, a bath, and a vanity, while the handy laundry provides easy access to the outdoors.
Step outside and you'll discover a fully fenced backyard with a lush lawn bordered by gently curved edging, perfect for kids to romp around and play in. The covered alfresco area is ideal for barbecues and gatherings with family and friends. Plus, there's a useful storeroom to keep everything organized and within reach.
This delightful home is up for grabs by Openn Negotiation on-line Auction, with bids closing at 6pm on 25 September, 2024. Don’t miss the opportunity to make this family-friendly property your own!
What to know?
Block size: 615m2
House size: 133m2
Built: 1996
Council rates: $2,800.00 approx
Water rates: $1,155.53
Currently leased to 3/10/2024 at $900/week
Who to talk to?
For more information about the property and the Openn Negotiation Auction process, contact Jordan James on0458 193 869 or Emily O'Brien on 0477 652 423.
Listing description written by Jordan James, Realmark Karratha — reproduced as published, not verified by Districts.