Lathlain at a glance
4,281
People
$1,540,000
Median sale
$660/wk
Median rent
2.23%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
WA › Lathlain › Saleham St
$890,000
Last sold
17 May 2024
4
Bedrooms
2
Bathrooms
2
Car spaces
530 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
$890,000
17 May 2024 · derived via latest_sale
Lathlain at a glance
4,281
People
$1,540,000
Median sale
$660/wk
Median rent
2.23%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Lathlain
-42.2%
Median sale
Suburb $1,540,000
+1.63 pp
Gross yield
Suburb 2.23%
Suburb median $1,540,000 from 11 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 530 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 $660/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 530 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
Lathlain at a glance
4,281
People
$1,540,000
Median sale
$660/wk
Median rent
2.23%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Century 21 Jones Property GroupCentury 21 Jones Property Group is proud to present 3 Saleham Street, Lathlain. When it comes to properties offering more than meets the eye, this is definitely the type of home that springs to mind! Positioned on a healthy 530m2 approx. block of land with a large 21m approx. frontage, this property has been built as solid as a rock and boasts loads of potential to tap into. With 4 bedrooms, 2 bathrooms and good-sized living area, this offers plenty for the owner / occupier looking to renovate and enjoy the spacious block in the years ahead. And for the investor looking to hold long term, there's not a lot to do here to have this presented perfectly fine for aspiring tenants. Whichever angle you are looking at this property from there's plenty here to work with! Key features include:
* Single garage with roller door to the rear, providing additional space for parking and rear access to the back of the block. There is also space in front of the garage to park a car in the driveway.
* Spacious front lounge room & formal dining area. This dining area space could also work quiet well as a home office or kids play zone.
* Kitchen with oven, cook top, breakfast bar, skylight and ample storage.
* Informal dining/meals area with outdoor access to utility room.
* Master bedroom, well positioned to the front of the home with walk in robe and ensuite.
* Ensuite to Master with shower, vanity and WC.
* Minor bedrooms 2, 3 and 4 all a good size.
* Main bathroom with bathtub, shower and vanity.
* Laundry with outdoor access to utility room and WC.
* Outdoor utility room to the rear of the home.
* Large backyard with plenty of potential to either extend the main foot print of the home or remove the utility room and put in a gabled patio. There is heaps of potential to tap into to the rear of this block!
* Ducted air-conditioning.
As an individual property purchase this is an excellent opportunity to get into an in-demand inner city suburb with a property that you can upgrade to however you wish over time. If purchased as a pair with 3A Saleham Street the opportunity becomes even more enticing with the potential to have 2 street front properties in Lathlain with a frontage of approximately 37m, making this a very unique proposition indeed!
Whether you are an owner/occupier looking to purchase as an individual, a large family looking to live side by side with a relative or a savvy investor keeping one eye on the future landscape for Lathlain there's definitely something here for everyone.
Both properties find themselves surrounded by convenience with bus and rail transport close by as well as the popular Rayment Park, Lathlain Primary School, and new Lathlain Oval precinct all just a short stroll down the street. With a quick train ride getting you to the CBD, Crown Casino, Optus Stadium and so much more, there's no wonder the competition to get into Lathlain is so fierce! This unique opportunity is not to be missed so to avoid disappointment be sure to express your interest with Matthew Jones today on 0432 440 453! All home opens are as scheduled on-line and private viewings are available by request.
Listing description written by Matthew Jones, Century 21 Jones Property Group — reproduced as published, not verified by Districts.