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WA › Capel › Payne Rd

34 Payne Rd, Capel WA 6271

For saleHouse for Sale

$1,020,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

4,502 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,020,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,020,000(Listing record · 27 Aug 2026)
  • CalculationLand 4,502 m² against a 144 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 24% above the Capel median recorded sale ($820,000, n=20, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Capel's advertised median rent ($641/wk), implied gross yield would be 3.27% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,020,000

Asking · $227/m² of land

No recorded sale for this property.

Capel at a glance

2,763

People

$820,000

Median sale

$641/wk

Median rent

4.06%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Capel report →

Vs Capel

+24.4%

Median sale

Suburb $820,000

-0.79 pp

Gross yield

Suburb 4.06%

Suburb median $820,000 from 20 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,020,000
Stamp Duty (Western Australia)
$43,646
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,067,571

$47,571 on top of the price (4.7% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Capel's advertised median rent — not a rent for this listing.

Net yield
1.77%
Annual cashflow (pre-tax)
$-35,008
Interest cover (DSCR)
0.34
Annual rent
$33,332
Operating expenses
$15,300
Loan amount
$816,000
Annual interest
$53,040
Gross yield
3.27%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,020,000available27 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 4,502 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $641/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 4,502 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Capel in one glance

Capel at a glance

2,763

People

$820,000

Median sale

$641/wk

Median rent

4.06%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Capel report →

Keep researching

  • Why Capel? Read the area thesis →
  • What else is on the market in Capel →
  • Other records on Payne Rd →

Listing material

Listed by Elders Real Estate South West Bunbury

A Rare In-Town Lifestyle Opportunity on 4,502m²

Properties offering this much space, versatility and convenience within town are exceptionally difficult to find. Positioned on a highly sought-after 4,502m² * rectangular corner block, this remarkable property delivers the freedom and proportions of a lifestyle holding while remaining connected to town water and only moments from shops, schools, School Bus Service and essential services.

At the heart of the property is a substantial brick residence framed by sweeping verandas that wrap around the home. These generous verandas add tremendous character and timeless country appeal while providing shade, protection from the elements and multiple peaceful places to sit and enjoy the beautiful established gardens. They create a wonderful transition between the home and its surroundings, reinforcing the relaxed lifestyle on offer.

Inside, the home provides an impressive amount of space, with three bedrooms featuring extensive built-in storage and two bathrooms. The spacious kitchen is equipped with a gas cooktop, rangehood and built-in electric oven, while a cleverly concealed European-style laundry is positioned conveniently nearby.

Read the full description

An abundance of living areas gives the floor plan exceptional flexibility. The expansive main living room features a cosy log fireplace, creating a warm and inviting centrepiece during the cooler months. A separate meals area adjoins the kitchen, while the enormous games room, with its striking exposed beams, provides outstanding space for entertaining and family gatherings. An additional room could easily become a home office, children's activity room, formal dining room or even further bedroom accommodation, depending on your needs.

The games room and versatile additional living space flow seamlessly into a completely protected outdoor entertaining area. Combined with the wraparound verandas and beautiful garden setting, the home offers outstanding year-round options for relaxing and entertaining on a grand scale.

Outside is where this property's enormous potential truly comes into its own. The huge U-shaped driveway provides exceptional access, turning and parking space for large caravans, boats, trailers, work vehicles and machinery, while the double carport offers convenient undercover parking close to the home. The two substantial concreted workshops-one powered and one unpowered-are a major asset, providing outstanding space for tools, equipment, vehicles, projects and additional storage. Whether you are a tradesperson requiring a practical base, a car enthusiast looking for room to work, a keen hobbyist needing a dedicated creative space or simply seeking secure storage for all the lifestyle extras, these valuable workshops considerably enhance the property's flexibility and appeal.

The expansive grounds feature beautiful established gardens, a netted fruit-tree tunnel and designated areas for vegetable gardens. There is ample room to further develop the outdoor spaces and create the lifestyle you have always imagined. A near-new electric storage hot-water system is another valuable inclusion.

For the creative renovator, the home represents an extraordinary opportunity. Its brick construction, expansive proportions, wraparound verandas, abundance of living areas and flexible floor plan provide exceptional foundations for a stunning transformation. Modernise the existing residence, enhance its country character and create a truly impressive family estate in a location where blocks of this scale are increasingly rare and usually sell for a tidy profit.

Offering valuable workshops, outstanding vehicle access, town water and more than an acre of land within easy reach of town, this is far more than a home-it is a rare opportunity to secure space, freedom and almost unlimited potential in one exceptional package.

Bec Slade – 0417 921 524. "I work, live and breathe the lifestyle that I sell"

Buyers Note: All measurements/dollar amounts are approximate only and generally marked with an * (Asterix) for reference. Boundaries marked on images are a guideline and are for visual purposes only. Buyers should complete their own due diligence, including a visual inspection before entering into an offer and should not rely on the photos or text in this advertising in making a purchasing decision

Listing description written by Bec Slade, Elders Real Estate South West Bunbury — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Courtyard
  • Ensuites: 1
  • Fully Fenced
  • Living Areas: 2
  • Shed
  • Study
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.