Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
$764,500
Last sold
5 Oct 2023
3
Bedrooms
1
Bathrooms
1
Car spaces
524 m²
Land
97 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
$764,500
5 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Melville (last 5 years) with land size have a median of $2,352/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Vs Melville
-52.1%
Median sale
Suburb $1,595,000
+2.99 pp
Gross yield
Suburb 2.75%
Suburb median $1,595,000 from 30 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 524 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 $844/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 524 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
Melville at a glance
6,582
People
$1,595,000
Median sale
$844/wk
Median rent
2.75%
Suburb gross yield
Median sale from 30 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Salt Property GroupMotivated sellers have just reduced the price on this incredible investment opportunity - A must see property! Contact us to arrange an inspection asap.
Situated on a spacious 524sqm block within a peaceful stroll to Tompkins Park and the river, this three-bedroom, one-bathroom home is bathed in natural light and exudes a welcoming atmosphere. The generously sized bedrooms provide ample space, while the bathroom boasts both a shower and a bath for your utmost relaxation.
Step inside to discover a home brimming with possibilities. The renovated kitchen boasts modern appliances and stylish finishes, setting the stage for culinary excellence. The cozy fireplace in the lounge room adds a touch of warmth and ambiance, creating an inviting space to unwind. Throughout the living and dining areas, the beautiful jarrah floorboards lend an air of sophistication and durability, ensuring lasting beauty.
While this home offers immediate comfort, its true value lies in its investment potential. With its generous block size, there is ample room for expansion or even the construction of a new build, allowing you to maximize your return on investment. Imagine the possibilities of creating a custom-designed home!
Features include;
• Three bedrooms, one bathrooms
• Modern kitchen appliances
• Open Plan Kitchen/Dining
• Split System A/C to Living
• Low Maintenance rear Porch Area
Strategically located, this property promises excellent returns. Its proximity to esteemed schools such as Attadale Primary (1.1km), Mel Maria Primary (1.5km), Melville High School (1.9km), and Santa Maria College (2.8km) ensures a strong appeal to families seeking quality education options. Convenient shopping centers like Melville Plaza and Westfield Booragoon are just a short drive away, guaranteeing easy access to amenities and enhancing the property's desirability. Furthermore, with public transport only 150m away, connecting to key destinations like Fremantle and the City has never been more convenient.
Don't miss this rare opportunity to secure an investment gem with new build potential. Contact the Sales Team for further information or to arrange a viewing.
Listing description written by Dane McKnight, Salt Property Group — reproduced as published, not verified by Districts.
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