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WA › Falcon › Nerine St

4 Nerine St, Falcon WA 6210

For saleHouse for Sale

$1,399,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

828 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,399,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,399,000(Listing record · 14 July 2026)
  • CalculationLand 828 m² against a 165 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 75% above the Falcon median recorded sale ($800,000, n=108, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Falcon's advertised median rent ($624/wk), implied gross yield would be 2.32% — 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

$1,399,000

Asking · $1,690/m² of land

No recorded sale for this property.

Falcon at a glance

6,472

People

$800,000

Median sale

$624/wk

Median rent

4.06%

Suburb gross yield

Median sale from 108 recorded sales (last 12 months) — a Districts calculation.

See the full Falcon report →

Vs Falcon

+74.9%

Median sale

Suburb $800,000

-1.74 pp

Gross yield

Suburb 4.06%

Suburb median $800,000 from 108 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,399,000
Stamp Duty (Western Australia)
$63,164
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
$1,466,089

$67,089 on top of the price (4.8% 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 Falcon's advertised median rent — not a rent for this listing.

Net yield
0.82%
Annual cashflow (pre-tax)
$-61,285
Interest cover (DSCR)
0.16
Annual rent
$32,448
Operating expenses
$20,985
Loan amount
$1,119,200
Annual interest
$72,748
Gross yield
2.32%

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$1,399,000available14 July 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 828 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 $624/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 2.3%. 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 828 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

Falcon in one glance

Falcon at a glance

6,472

People

$800,000

Median sale

$624/wk

Median rent

4.06%

Suburb gross yield

Median sale from 108 recorded sales (last 12 months) — a Districts calculation.

See the full Falcon report →

Keep researching

  • Why Falcon? Read the area thesis →
  • What else is on the market in Falcon →
  • Other records on Nerine St →

Listing material

Listed by Century 21 Coast Realty

Luxury Living Meets the Ultimate Workshop

Perfectly positioned in one of Falcon's most sought-after pockets, this exceptional 3x2 home combines high-end family living with an impressive workshop setup rarely found in residential properties. Set behind secure fencing on a 828sqm block with wide side access, this meticulously presented home has been thoughtfully designed for families, tradies, boating enthusiasts and car lovers alike.

From the moment you step inside, you'll appreciate the quality craftsmanship throughout. Featuring soaring 31-course ceilings, beautiful hybrid timber flooring and light-filled open plan living, the home centres around a stunning designer kitchen complete with stone benchtops, quality AEG and Electrolux appliances, extensive storage and a large island bench - making it the true heart of the home.

The spacious master suite offers a luxurious retreat with direct outdoor access, a beautifully appointed ensuite featuring a freestanding bath, double shower and quality finishes, while the additional bedrooms are generously sized and serviced by a stylish family bathroom.

Read the full description

Step outside and you'll discover where this property truly stands apart. The expansive under-main-roof alfresco overlooks the low-maintenance backyard, while the enormous 7.8m x 10m workshop delivers an outstanding space for vehicles, boats, caravans, hobbies or business needs. Complete with approximately 5m internal height, 3m high roller doors, a 4-tonne car hoist, plumbed trough and three-phase power, this is a setup that will impress even the most discerning buyer.

Features You'll Love:

• Stunning 3x2 family home in a sought-after Falcon location

• Incredible 7.8m x 10m workshop with approximately 5m internal height with a plumbed trough

• Large 828sqm block

• 4-tonne car hoist

• 3m high roller doors with 3m covered apron

• Wide side access with plenty of parking for boats, caravans and trailers

• Spacious 7m x 6.2m double garage with 2.4m clearance

• Beautiful designer kitchen with stone benchtops

• AEG induction cooktop

• Twin Electrolux steam bake ovens

• Plumbed fridge recess

• Spacious open plan living and dining area

• Luxurious master suite with outdoor access

• Freestanding bath and double shower to the ensuite

• Ducted reverse cycle air conditioning throughout

• High-quality hybrid timber flooring

• 31-course ceilings

• LED downlights throughout

• Sheer and block-out curtains

• Crimsafe security screens

• Camera security system

• Digital keypad front door entry

• Three-phase power

• NBN connected

• Under-main-roof alfresco (approx. 8.4m x 4.6m)

• Reticulated gardens from mains with bore taps to front and rear

• Rheam Air source 270L heat pump hot water system

• Additional laundry with plumbed hot water in the garage

• 3m x 3m garden shed

• High Colourbond fencing

• Whole house water isolation system

• Quality insulation including Anticon roof insulation and ceiling batts

Location Highlights:

• Peacefully positioned in a quality Falcon street

• Just minutes to Falcon Bay and stunning beaches

• Close to Falcon Shopping Centre, cafés and restaurants

• Moments from the Peel Estuary and boat ramps

• Nearby schools, parks and sporting facilities

• Easy access into Mandurah Foreshore and the Kwinana Freeway

This is an exceptional opportunity to secure a quality-built home with luxury finishes and one of the best workshop setups you'll find in Falcon. Properties offering this combination of lifestyle, practicality and premium inclusions are incredibly hard to come by.

Contact the team today to arrange your inspection.

DISCLAIMER: This description has been prepared for advertising and marketing purposes only. It is believed to be reliable and accurate; however buyers must make their own independent inquiries and must rely on their own personal judgement about the information included in this advertisement. Century 21 Coast Realty provides this information without any express or implied warranty as to its accuracy or currency.

Listing description written by Chris Butterworth, Century 21 Coast Realty — reproduced as published, not verified by Districts.

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.