Salter Point at a glance
3,116
People
$2,150,000
Median sale
$682/wk
Median rent
1.65%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
WA › Salter Point › Edgewater Rd
$2,200,000
Last sold
20 June 2022
5
Bedrooms
3
Bathrooms
3
Car spaces
751 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
$2,200,000
20 June 2022 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Salter Point (last 5 years) with land size have a median of $2,593/m² of land (n=48). Districts calculation from recorded sales — not a valuation.
Salter Point at a glance
3,116
People
$2,150,000
Median sale
$682/wk
Median rent
1.65%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Salter Point
+2.3%
Median sale
Suburb $2,150,000
-0.04 pp
Gross yield
Suburb 1.65%
Suburb median $2,150,000 from 14 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 751 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 $682/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 751 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
Salter Point at a glance
3,116
People
$2,150,000
Median sale
$682/wk
Median rent
1.65%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Verse Property GroupHomes in this little known part of leafy Salter Point rarely come to the market. The most recent family to sell in Edgewater Rd had resided here for almost 50 years. With such a coveted lifestyle on offer, it is little wonder why few houses here ever come up for sale.
While the rest of the world is working hard, saving for the next holiday, every day is a holiday here. There is little doubt as to why the owners spared this Retro 70's masterpiece from being renovated or demolished. To remove would be to lose a unique, somewhat quirky personality that has been the catalyst in creating over 30 years of cherished & unforgettable memories.
With an abundance of activities to enjoy, from crabbing, fishing, canoeing, river walks and bike rides, to laps of the pool , the central figure to this spacious lifestyle is a “tardis-like abode" that rests on a cultivated 751sqm parcel. The accommodation of six bedrooms, 3 living areas and three bathrooms spans over two levels, creating the possibility to re-configure an upstairs - downstairs dual living arrangement or a home business, both with separate access.
Your schedule will make it near impossible to leave this sanctuary, whether it is the leisure activities, weekend pool barbeques, morning coffees and twilight gatherings (aperitif in hand) from your river view balcony. Unfortunately you will need to leave the home at some point , and for that you will need your car/boat or caravan which are kept safe from the elements in a 'ginormous 3 + car garage with workshop.
Looking to the future there is huge potential if you wish to enhance or clean the slate and build new. Possessing a truly magical position within the suburb (incl. a restrictive covenant protecting the current river views) , this generational home is ready for you, to start writing your chapter and adding to the rich history of this magnificent Salter Point locale.
Some of the distinctive features of this residence are :
* 5/6 x bedrooms
* 3 x bathrooms ( two available on upper level )
* 3 + car garage plus workshop
* 751 sqm block with protected river views covenant
* Reverse cycle air-conditioning system
* Supersized below ground swimming pool and alfresco area
* North facing lush- manicured gardens (grapes, lemon & olives) with raised vegetable patch
* Fully reticulated with own bore water
* Walking distance to Aquinas College, local cafe and Canning River
* Only a 12 min drive into the city with nearby buses & trains to town and Curtin Uni
* No through traffic and ample off street parking
To be sold via Openn Negotation, final negotiations commence 6pm on the 4th May 2021.
For more information or to arrange a private inspection, please call Steve Erceg or Trent Garrett on 0412 898 035.
Listing description written by Steven Erceg, Verse Property Group — reproduced as published, not verified by Districts.