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 › Grey Street East
$575,000
Last sold
12 Sept 2022
3
Bedrooms
2
Bathrooms
1
Car spaces
272 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
$575,000
12 Sept 2022 · derived via latest_sale
Local land rate: recorded House sales in Albany (last 5 years) with land size have a median of $1,192/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
-42.5%
Median sale
Suburb $1,000,000
+2.21 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 272 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 272 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 Merrifield Real EstateThis centrally located house has been lovingly restored and is ready to offer a fantastic lifestyle to its next owners.
Built in 1905, and thoughtfully updated over the years, this Grey St East home is mere minutes away from York St. Walk in for work, shopping and dining options, and retreat back to the quiet home at the end of each day.
From the front gate you enter a paved courtyard and step up onto the timber porch. The view captures central Albany, Town Hall, plus the glistening harbour waters and this looks a lovely place to sit each morning.
Behind the front door is a beautiful hallway, setting the tone for the entire house. High, ornate ceilings, jarrah floorboards, pendant lighting and picture rails combine to create a charming feel.
Two bedrooms are found off this passage, both complete with original fireplaces they can easily accommodate queen beds and robes. The front room would also make a lovely sitting room, while its location also lends itself to an ideal home office space.
At the end of the hallway, a large laundry with timber benchtops is located. To the back of this room sits a toilet and modern, open shower and vanity.
As you step up from the hallway you enter a delightful kitchen, dining and lounge area. The galley style kitchen is brand new, again with timber benchtops. High-end induction cooktop, electric oven and concealed rangehood have just been installed, and there is a half-size dishwasher tucked under the bench. A walk-in pantry offers an appliance bench and further storage while the dining space opposite the kitchen is lovely.
A quiet lounge living is behind the kitchen, complete with double doors that open to the outdoor area and flood sunlight into the home.
Upstairs you discover an amazing master bedroom, carpeted underfoot with built-in wardrobing and a small sitting area. The front windows offer unrivalled views over the harbour, and a generous ensuite provides a shower, toilet and vanity.
Behind the house is a paved patio, and a private terraced garden. It has an olive tree and lemon tree, and a cottage garden in the reticulated beds. A back gate leads to the off-street parking space, and brick paving pathway returns you to the front courtyard.
This home could be used for short-stay accommodation, pending approvals. Alternatively, enjoy all the best of historic Albany yourself from this charming turn-of-century home.
What you need to know:
- 272sqm block, inner city location
- Lovely town and harbour views
- Tin and iron historic house
- Ornate ceilings, jarrah floors, period fittings
- 3 bedroom, 2 bathrooms
- Private master suite upstairs
- Two large rooms with fireplaces
- Family bathroom, toilet and laundry
- Brand new kitchen with quality appliances
- Open dining and living
- Freshly painted
- Private patio and terraced garden
- Vehicle space off Spencer St
- Potential short-stay accommodation opportunity
- Council rates $2,201.38
- Water rates $1,488.73
Listing description written by Jeremy Stewart, Merrifield Real Estate — reproduced as published, not verified by Districts.
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