Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
WA › Albany › Festing St
$495,000
Last sold
17 Sept 2021
3
Bedrooms
1
Bathrooms
2
Car spaces
1,315 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
$495,000
17 Sept 2021 · derived via latest_sale
Local land rate: recorded House sales in Albany (last 5 years) with land size have a median of $1,210/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Albany
-50.5%
Median sale
Suburb $1,000,000
+3.05 pp
Gross yield
Suburb 2.99%
Suburb median $1,000,000 from 15 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 1,315 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 $575/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 1,315 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
Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Elders Real Estate AlbanyProperties like 34 Festing Street are becoming a truly rare find in Albany's ever-growing city. This lot offers a multitude of options for people to grow their wealth however they like.
Do you want 1,348sqm of lifestyle living, room for the kids, room for the shed, a deck with the water views, close enough to walk into town?
Do you want a potential triplex development site to earn multiple income streams or sell off part of the land to reduce your debt?
Whether you want this or anything in between, 34 Festing Street is an absolute must-see.
The owners will be sad to see this home go after owning it for almost 30 years. Although the home has seen better days, and there's definitely some TLC needed, the bones and character of 34 Festing are absolutely without question strong and true.
After the current owners purchased the property in 1993, they proceeded to renovate just about the entire home. Every single one of the 120 stumps were single-handedly replaced and reinforced. It was re-roofed, walls & ceilings replaced, new kitchen, and much more. All of the internal doors were sourced from an old mansion in Subiaco. It really is a unique piece of architecture and it wouldn't take a huge amount to restore this property into something amazing.
The owners had plans to alter the games room into potential living spaces which could then be utilised as accommodation for personal or short-stay use.
FEATURES OF THE PROPERTY
• Originally built in 1945 (current owners fully renovated in 1997)
• Zoned Residential (R30), 1348sqm
• Timber stumps, timber weatherboard walls, tin roof
• Underground Power
• Connected to Mains Sewer
• Separate Games Room'
• Fantastic location with harbour views
• In the Albany Primary / Albany Senior H.S. school zone
• A near-new bathroom (renovated after becoming vacant)
• A lot of character (bricks from the old chimney are used outside)
• Unique internal doors sourced from old Subiaco mansion
• Potential to sub-divide the block
APPROX. DISTANCES
• Due South (bottom of York Street) - 2 min drive / approx. 900m
• The Big' Roundabout - 4 min drive / 3.6km
• Albany Health Campus - 7 min drive / 4.8km
• Woolworths - 4 min drive / 1.8km
• Albany Shopping Plaza - 3 min drive / 1.6km
• Middleton Beach - 7 min drive / 5km
• ANZAC Peace Park - 6min walk / 500m
*According to Google Maps
If you need any more questions answered, assistance with queries to the City of Albany, or would simply like a viewing to see if this property could be the one for you contact me anytime.
M - 0437 152 471
E - chris.wallace@elders.com.au
Listing description written by Chris Wallace, Elders Real Estate Albany — reproduced as published, not verified by Districts.