Coolbinia at a glance
1,905
People
$2,117,500
Median sale
$675/wk
Median rent
1.66%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
WA › Coolbinia › Walcott St
$643,500
Last sold
28 Feb 2020
2
Bedrooms
1
Bathrooms
6
Car spaces
465 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
$643,500
28 Feb 2020 · derived via latest_sale
Local land rate: recorded House sales in Coolbinia (last 5 years) with land size have a median of $2,055/m² of land (n=22). Districts calculation from recorded sales — not a valuation.
Coolbinia at a glance
1,905
People
$2,117,500
Median sale
$675/wk
Median rent
1.66%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
Vs Coolbinia
-69.6%
Median sale
Suburb $2,117,500
+3.79 pp
Gross yield
Suburb 1.66%
Suburb median $2,117,500 from 10 recorded sales (last 24 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 465 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 $675/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 465 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
Coolbinia at a glance
1,905
People
$2,117,500
Median sale
$675/wk
Median rent
1.66%
Suburb gross yield
Median sale from 10 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Verse Property GroupFor many of Coolbinia’s long-time locals, 321 Walcott Street has been home to their resident GP. As he announces his retirement, after 45 years of practise, this charming character home is set to enter a new era of ownership.
And what better time to secure your own piece of prime Coolbinia real estate. The suburb has enjoyed positive growth over the past 12 months and, with multiple options on hand, this is one opportunity you shouldn’t let pass.
Set on a 465sqm block, the property has retained many of its character features and would perfectly suit CHARACTER LOVERS in search of a " RENOVATOR DELIGHT ". Better still, it holds a residential zoning R60, which provides bonus development potential, plus the ROW laneway gives separate access off Hunter Street. This means that you can live in the existing home and develop or subdivide the rear lot for sell off or renting!
If, on the other hand, you’re thinking purely of investment, why not rent the property out as a residential premises. Or consider venturing into the commercial space by operating or renting out the premises under the permitted use “medical practice” with on-site parking for six cars.
If you’re looking to be in the heart of the inner-city circle, just 5kms to the CBD, you must consider this property.
The property features include:
* Sweeping high ornate ceilings
* Original timber floors ( under floor coverings ) & architraves
* Large front lounge room & separate dining area
* Kitchen area with gas appliances
* 2 x large bedrooms
* Modern bathroom
* Rear sleep out area
* 3 x air-conditioning systems
* Large front porch area
* Security alarm & screens to windows
* Bosch gas hot water system
Nearby services & amenities include:
* 300m to Kyilla Primary School
* 350m to Kyilla Park
* 750m to Alexander Park Tennis Club
* 1.5km to Edith Cowan University
* 1.7km to North Perth Plaza
* 2.3km to Mount Lawley Senior High School
* 3.5 km to Mount Lawley Golf Club
For more information or to arrange a viewing call Trent Garrett or Steve Erceg on 0431 777 100.
Listing description written by Steven Erceg, Verse Property Group — reproduced as published, not verified by Districts.