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WA › Midland › The Cres

3/63 The Cres, Midland WA 6056

For saleHouse

$679,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

172 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $679,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $679,000(Listing record · 22 July 2026)
  • CalculationRecorded House sales in Midland (last 5 years) with land size: median $1,107/m² of land (n=43). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 4% below the Midland median recorded sale ($709,000, n=45, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Midland's advertised median rent ($601/wk), implied gross yield would be 4.60% — this is not a rent for this listing.(Districts scenario calculation)

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

The ask against the evidence

Asking

$679,000

Asking · $3,948/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Midland (last 5 years) with land size have a median of $1,107/m² of land (n=43). Districts calculation from recorded sales — not a valuation.

Midland at a glance

6,940

People

$709,000

Median sale

$601/wk

Median rent

4.41%

Suburb gross yield

Median sale from 45 recorded sales (last 12 months) — a Districts calculation.

See the full Midland report →

Vs Midland

-4.2%

Median sale

Suburb $709,000

+0.19 pp

Gross yield

Suburb 4.41%

Suburb median $709,000 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$679,000
Stamp Duty (Western Australia)
$26,268
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$709,193

$30,193 on top of the price (4.4% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Midland's advertised median rent — not a rent for this listing.

Net yield
3.10%
Annual cashflow (pre-tax)
$-14,241
Interest cover (DSCR)
0.60
Annual rent
$31,252
Operating expenses
$10,185
Loan amount
$543,200
Annual interest
$35,308
Gross yield
4.60%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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. Listed$679,000available22 July 2026

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 172 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 $601/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

Gross yield if leased at the suburb aggregate is 4.6%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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 172 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

Midland in one glance

Midland at a glance

6,940

People

$709,000

Median sale

$601/wk

Median rent

4.41%

Suburb gross yield

Median sale from 45 recorded sales (last 12 months) — a Districts calculation.

See the full Midland report →

Keep researching

  • Why Midland? Read the area thesis →
  • What else is on the market in Midland →
  • Other records on The Cres →

Listing material

Listed by Professionals TWT Realty

MIDLAND GATE AT YOUR DOORSTEP! LOCATION, LOCATION!

**FIXED TERM LEASE TO 06/11/2026 @ $630 per week**

Here's your opportunity to secure a quality investment in one of Midland's most convenient and well connected locations. Positioned within a well maintained complex, 3/63 The Crescent, Midland is a spacious 3 bedroom, 2 bathroom home that offers immediate rental income and long-term investment security.

STRATA LEVY $682.65 per quarter

Read the full description

Currently leased at $630 per week until 6 November 2026, this property provides investors with a reliable income stream from settlement, making it an ideal addition to any portfolio. With a fixed-term tenancy already in place, you can enjoy the confidence of consistent returns while benefiting from the area's continued growth and strong rental demand.

Designed with comfortable, low maintenance living in mind, the home features a practical floor plan that caters to modern lifestyles. The generous living and dining areas provide a welcoming space to relax, while the well-appointed kitchen is ideally positioned to service the home with ease. Three comfortable bedrooms offer ample accommodation, with the master bedroom complemented by its own ensuite, while the second bathroom conveniently services the remaining bedrooms and guests.

Situated in the heart of Midland, the location offers exceptional convenience. You'll be within easy reach of Midland Gate Shopping Centre, St John of God Midland Public and Private Hospitals, schools, cafés, restaurants, public transport and a variety of recreational facilities. The property also enjoys easy access to major transport routes and is just a short drive to the renowned Swan Valley, offering an outstanding lifestyle for tenants and future owner occupiers alike.

Whether you're a seasoned investor looking to expand your portfolio or a buyer planning for the future, this property represents an outstanding opportunity to secure a well located home with immediate income and excellent long-term potential.

Property Features:

• Spacious 3-bedroom, 2-bathroom home

• Currently leased at $630 per week

• Fixed-term tenancy until 6 November 2026

• Immediate rental income from settlement

• Practical, low-maintenance floor plan

• Well-maintained complex

• Excellent location close to shops, schools, hospitals and public transport

• Easy access to the Swan Valley, Perth Airport and major road networks

• Outstanding investment opportunity in a high-demand rental location

Properties offering secure returns in such a convenient location are always in demand. Don't miss your chance to add this quality investment to your portfolio. Contact us today for further information or to arrange your inspection.

BUILT: 2010

LAND: 172SQM

COUNCIL RATES APPROX: $2,120.00

WATER RATES APPROX: $983.21

Disclaimer:

The information contained in this advertisement has been provided in good faith and is believed to be accurate. However, prospective purchasers should make their own enquiries and rely on their own investigations to satisfy themselves as to all aspects of the property. No warranty or representation is made as to the accuracy of the information provided.

Listing description written by Vanessa Tuttle, Professionals TWT Realty — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Secure Parking
  • Toilets: 2
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.