Morley at a glance
25,310
People
$975,000
Median sale
$718/wk
Median rent
3.83%
Suburb gross yield
Median sale from 53 recorded sales (last 12 months) — a Districts calculation.
WA › Morley › Jakobsons Way
$710,000
Last sold
7 Oct 2022
3
Bedrooms
1
Bathrooms
1
Car spaces
769 m²
Land
Districts View
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
$710,000
7 Oct 2022 · derived via latest_sale
Local land rate: recorded House sales in Morley (last 5 years) with land size have a median of $1,332/m² of land (n=155). Districts calculation from recorded sales — not a valuation.
Morley at a glance
25,310
People
$975,000
Median sale
$718/wk
Median rent
3.83%
Suburb gross yield
Median sale from 53 recorded sales (last 12 months) — a Districts calculation.
Vs Morley
-27.2%
Median sale
Suburb $975,000
+1.43 pp
Gross yield
Suburb 3.83%
Suburb median $975,000 from 53 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 769 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 $718/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 769 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
Morley at a glance
25,310
People
$975,000
Median sale
$718/wk
Median rent
3.83%
Suburb gross yield
Median sale from 53 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ross Realty WACalling all Astute Investors and developers!
Sitting on a large 769sqm parcel of land in one of Morley's best kept secrets is 3 Jakobsons Way Morley.
Zoned R40 with 19m frontage and rear access this property will tick all the boxes.
The home has timber floors throughout, 3 good sized bedrooms. Neat and well presented.
You can rent out and yield an income with the fantastic current tenants whilst you are deciding what you would like to do with the future development potential.
There are several options for you to consider with this property:
1.TRIPLEX potential (STCA) with R40 zoning. Demolish the home and potentially build three new homes
2. Retain the existing home and potentially build at the rear or sell the rear block of land. It has over 3 metres access down the side.
3. Demolish and build a large brand-new family home close to schools and other great amenities and live in the beautiful street with a central park for the family to enjoy.
4. Demolish the home and build two beautiful large homes on approximately 385m2 blocks
5. Do nothing and leave the great tenants in the home while you land Bank your future
6. Walking distance to Coventry Square, Centro Galleria Shopping Centre and on the Dianella border. Schools are close with a choice of Infant Jesus Primary, Morley Primary School, West Morley Primary
7. School, John Forrest Secondary College and only a 5 minute drive to Chisholm Catholic College.
8. kms to the CBD and 15 minutes to the Perth Airport.
9. You better be quick to take advantage of this outstanding opportunity. With development sites in high demand, blink and this will be gone!
Listing description written by Paul Ross, Ross Realty WA — reproduced as published, not verified by Districts.