Parap at a glance
3,175
People
$1,000,000
Median sale
$415/wk
Median rent
2.16%
Suburb gross yield
Median sale from 11 recorded sales (last 24 months) — a Districts calculation.
4
Bedrooms
1
Bathrooms
0
Car spaces
Districts View
View not ready — official layers are still retrieving for this property. Official planning layers still retrieving. Flood / bushfire / heritage not yet retrieved. No recorded sale price for this property. Districts does not score a property it cannot yet see.
Nothing about this record stands out yet — coverage may still be filling in.
No upside evidence detected in the data Districts holds for this lot.
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
No recorded sale price for this property yet.
Parap at a glance
3,175
People
$1,000,000
Median sale
$415/wk
Median rent
2.16%
Suburb gross yield
Median sale from 11 recorded sales (last 24 months) — a Districts calculation.
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
NTNT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from 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 $415/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
UnknownNT bulk cadastre is not an open commercial product. Lot optionality cannot be computed from official geometry.
Nearby development pipeline
UnknownArea
Parap at a glance
3,175
People
$1,000,000
Median sale
$415/wk
Median rent
2.16%
Suburb gross yield
Median sale from 11 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Real Estate CentralThis is not your usual real estate spiel and I’m not going to linger on the boring details like it’s 1,110 sqm land size, double driveways, cul-de-sac location or the proximity to the beach, schools and nearby Parap Markets; everyone knows their way around Parap and how to find the best laksas, coffee spots and epic sunsets over the water already.
Instead I’m going to share my personal story. When my phone rings with a job from Simon Watts from Real Estate Central my expectations are high; penthouse suite in the city – yes! Executive abode in suburbs - yes! So, arriving at 3 Elsey Street in Parap my excitement was palpable – and gee was I not let down. This home is a true Parap original, that has been in the same family for almost 60 years. It was obvious this property could be whatever I wanted it to be. It is so rare to find an original elevated house, ready and waiting for a full reno or (most likely) a full rebuild. 3 bedrooms upstairs with raw timber flooring and loads of ventilation and original louvered windows banks! WOW, this place has options. Bedroom 2 is inspired, with artwork using different mediums and a vibrant flair, this room has the WOW factor. The bathroom is well sized with open vanity for easy storage, some DIY plumbing to add a bit more flair and then in the hallway, you’ll even find a linen press.
Open plan living and dining areas have original brown wool shag carpet and loads of windows framing the tropical foliage that surrounds (literally) the home on all sides creating a jungle like effect. The kitchen has great air flow which is a practical feature for the novice chef and overhead storage along with retro tiles in shades of brown and orange. If you’re an electrician you will be super pleased at all the creative wiring in the home, please don’t touch any of it, you’ll be shocked to know it works.
Underneath the home you will find secure internal staircase access with twin entry points – because two is always better than one and both doors have new shiny hard ware so you can rest easy knowing that the home is absolutely secure, at least at these entry points. I can’t guarantee the door upstairs but that’s for a fast exit only anyway. There is also an air conditioned home office with picture windows, laundry area and internal workshop or man cave along with plenty of undercover entertainment space. Even the clothes line is all twisted up with the excitement of new owners. So, if this sounds like the property for you, then great. It needs a little bit more than a lick of paint and some love… but there are no limits to what you can do! I’m no builder - I'm just the photographer, so best ask Simon for those details. Wow.. just WOW.
- Size does matter!!! Huge 1,110 sqm leafy block
- 3 bedroom elevated family home in a great suburban setting close to schools and shops
- Circular driveway with dual access from the street offering plenty of space for parking (we’ve heard up to 10 cars were parked quite easily in the past)
- Surrounded with lush gardens and towering shade trees
- Short walk to Parap Primary and a quick bike ride to Darwin Middle/High schools
- Laksa and paw paw salad at your doorstep every Saturday
- Under the home is a dual office space with multiple sliding doors and A/C
- Large under home entertaining areas with views over the gardens
- Under stair storage and workshop space as well with room to tinker
- Louvered windows throughout
- Bedroom two is an individual masterpiece of design and creativity
- Bathroom has corner vanity with open air design, easy storage plus separate toilet
- Open plan living and dining areas with original shag wool carpeted flooring
- Kitchen is retro with original tiles, brown cabinetry and vented ceiling
- Even the clothes line is twisted up with excitement at new owners
- Creative DIY plumbing and electricals throughout the home. You’d be amazed by what works!
Council Rates: $3500 Approx. per annum
Area Under Title: 1110 sqm
Year Built: 1974
Zoning: LR (Low Density Residential)
Pool Status: None Found
Status: Vacant Possession
Settlement period: 45 Days
Deposit: 10% or variation on request
Easements as per title: Sewerage Easement to Power and Water Authority
OPENN NEGOTIATION: is the new transparent method of sale allowing buyers to bid with approved terms and conditions.
For more information on how Openn Negotiation works see: www.openn.com.au
To bid on this property or observe, please download the 'Openn Negotiation' app, create an account and search the property address.
Please note the Final Bidding Stage is subject to change and the property could sell at anytime.
Listing description written by Simon Watts, Real Estate Central — reproduced as published, not verified by Districts.
Nearby 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. This jurisdiction has no comparable official bond series in the free set.
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.