Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
WA › Lockridge › Kerwin Way
3
Bedrooms
1
Bathrooms
3
Car spaces
692 m²
Land
136 m²
Building
Districts View
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 Lockridge (last 5 years) with land size have a median of $963/m² of land (n=97). Districts calculation from recorded sales — not a valuation.
Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 35 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 692 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 $662/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 692 m² — that is not official geometry.
Nearby development pipeline
Area
Lockridge at a glance
3,738
People
$780,000
Median sale
$662/wk
Median rent
4.41%
Suburb gross yield
Median sale from 35 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by HouseSmart Real EstateWelcome to this sprawling home, set over approx. 136 square meters built size with a large dining/activity room, sleepout, modern-style kitchen, and three bedrooms posing space for the whole family. With amazing indoor features such as floorboards, built in robes, and air conditioning, there is lots to love about the interior of this home. To the exterior, you have a huge amount of land to explore - including a garden area, shed, and an area for a pool. Positioned close to schools and shops, and across the road from a park, there is great lifestyle options here to enjoy. Will you move in, or continuing renting out the property for an incredible investment opportunity? Whatever you decide to do, just make sure not to miss out!
Property Highlights:
- Three-bedroom, one-bathroom property
- Approx. 692 square meters land size
- Approx. 136 square meters built size
- R20/50 Zoning, development potential
- Built year 1971
- Living area to front
- Seperate dining/activity room
- Seperate study/sleepout
- Multiple air conditioners
- Wooden floorboards
- Built in robes
- Garden shed
- Carport area
Investor Summary:
- This property is currently tenanted on a fixed term lease for $380 per week, until October 2024
- There is a scheduled rent increase to $420 per week from July 2024
- Market rent for 34 Kerwin Way is approximately $525 per week
- Based on a purchase price of $540,000 and market rent, the estimated rental yield for this property is 5.07%
- HouseSmart Real Estate is highly active in Lockridge and the surrounding areas - with an office in the nearby suburb Beechboro! - and can provide high-quality property management services from settlement and beyond.
The front of the yard shows how large the home is, which sits on an impressive approx. 692 square meters altogether. Originally built in 1979, the home has a brick and tile build, including a front verandah looking out over the yard, and a side carport to park your car. There is also a front storage area.
To the interior of the home, you are welcomed in to the living area, which features wooden floorboards that compliment the room, as well as an air conditioner to keep the room cool. This room is a great place to greet guests, or relax and watch television together!
Stepping down from the living area, you reach the dining room, which is quite a good size, and is tiled throughout. This dining room has multiple windows positioned to provide a view of the outdoor area and also allow a lot of natural light inside. Looking upwards, you can see through to the kitchen, which has been designed to have this view in mind, with a half-open viewing wall. Best of all, there is lots of room to the side here to create an extra activity area for your use!
The kitchen itself can be accessed by going through the hallway next to the dining room, or from the living area. This kitchen is ample sized with room for your dining and storage requirements. This kitchen has beautiful wooden floorboards continuing from the front living room, and is also complete with features such as a modern cabinetry design, overhead rangehood, and gas hotplates.
There is enough room for everyone in this property with three bedrooms providing a relaxing place to spend the night. Each room has built in robes to maximise storage space. The main bedroom has mirrors to the built in robe, which captures the light in the room. Nearby to these bedrooms, you have the bathroom which features a shower/bath combo. For extra storage, try out the study/sleepout area, which provides plenty of room for your excess storage, or alternatively can be turned in to a study, music area, or playroom.
To the exterior of the home, you have a large land parcel which is just waiting for you to come and make the most of it. There is room for a barbeque area, a pool ready to be remedied and made the most of (imagine those summer days here by the pool!) and a garden shed that can be used for storage of tools whilst you construct your dream garden area...
Positioned close to the home, you have Rosher Park (opposite the road), Good Shepherd Catholic School (1.4km), Lockridge Primary School (1.8km), Swan Active Beechboro (1.9km), Altone Park Shopping Centre (1.7km), and IGA Kiara (2.2km). If you have kids, pets or just want a park where you can go for a walk or run every day, this property is for you!
There is so much potential in this home, with amazing internal features, and an outdoor area that has plenty of room to do what your heart desires. Whatever you are looking for a home - be it your forever home or an investment property - this is certainly not one to miss out on!
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.
Nearby 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.