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.
3
Bedrooms
1
Bathrooms
2
Car spaces
931 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Melville (last 5 years) with land size have a median of $2,316/m² of land (n=97). 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.
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 931 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 931 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 MGP PropertyFor Sale via an End Date Sale Campaign - All offers must be submitted by 5pm Monday the 19th Feb 2024.
(Seller reserves the right to sell prior)
In a desirable tree-lined street just moments from local parks and schools, this well-maintained and extended character home offers an opportunity to establish yourself in a most desirable suburb with an abundance of opportunities for future growth and development.
Surrounded by established greenery, this sanctuary feels like a country escape with plenty of outdoor space to enjoy and sunlight filtering through the leafy canopy above. The north-facing yard adds to the desirability of the property.
Inside the home, you will find multiple living areas as well as a separate formal dining room adjacent to the kitchen. You'll also find 3 bedrooms, one with BIR, a modern bathroom with a double shower and a large laundry. The large sunken lounge/games room to the rear of the property is a bright and airy space that opens out the covered alfresco area with a relaxing outlook to the extensive gardens beyond. A large shed in the backyard provides plenty for storage or as a workshop space.
On a substantial landholding of 931sqm and with a 20m frontage, the property is zoned R20 allowing for the redevelopment of the existing property into 2 new dwellings. The existing home could also be retained while you develop the rear of the property. This is your opportunity to nest now and plan for future investment in a most desirable suburb. An increasingly rare prospect!
Located just a short walk from the popular Kadidjiny Park and playground, Melville Primary School, and in the high-performing Melville High Zone this area is popular with young families and those who appreciate living near an array of great shops, cafes and restaurants.
Don't miss this opportunity to secure your future on one the the top streets in the highly sought-after suburb of Melville.
Plans are available upon request. Please use the email contact option for a prompt response. Guidance on price will also be provided.
Property Features:
- Large landholding
- Highly desirable street
- Zoned R20 - subdividable
- 20m frontage
- North-facing yard
- Options to live in now, renovate or develop
- Retain and build option also possible
- Well-maintained home
- Kitchen/meals area
- Multiple living areas
- Separate dining and lounge
- Separate lounge/games rooms
- Modern bathroom
- Large bedrooms
- Alfresco and patio
- Large rear shed
- Established gardens
- High demand suburb
- Close to an array of parks, shops, dining and entertainment
- Walking distance to the Swan River
This property is being sold on an "As is, Where is' basis.
Listing description written by James Priestly, MGP Property — reproduced as published, not verified by Districts.