Palmyra at a glance
8,680
People
$1,245,000
Median sale
$701/wk
Median rent
2.93%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
$1,415,000
Last sold
18 Nov 2024
3
Bedrooms
2
Bathrooms
2
Car spaces
539 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
$1,415,000
18 Nov 2024 · derived via latest_sale
Local land rate: recorded House sales in Palmyra (last 5 years) with land size have a median of $2,610/m² of land (n=79). Districts calculation from recorded sales — not a valuation.
Palmyra at a glance
8,680
People
$1,245,000
Median sale
$701/wk
Median rent
2.93%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
Vs Palmyra
+13.7%
Median sale
Suburb $1,245,000
-0.35 pp
Gross yield
Suburb 2.93%
Suburb median $1,245,000 from 58 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 539 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 $701/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 539 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
Palmyra at a glance
8,680
People
$1,245,000
Median sale
$701/wk
Median rent
2.93%
Suburb gross yield
Median sale from 58 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Mint Real Estate East FremantleTHIS PROPERTY IS NOW UNDER OFFER
** Home Open Has been Cancelled **
Discover the perfect blend of character and modern comfort at this beautifully renovated three-bedroom, two-bathroom home in the heart of Palmyra. Set on one of Palmyra's most sought-after streets, this property boasts a sparkling swimming pool, double garage, and a versatile study - making it ideal for families and professionals alike.
The open-plan kitchen, meals, and lounge area serves as the warm and welcoming hub of the home, with bi-fold doors that seamlessly connect the indoors to an alfresco entertaining area. You'll love the gorgeous jarrah floors, high ceilings, and ample natural light that fills the home, creating a spacious and inviting atmosphere. With multiple indoor and outdoor zones, entertaining is a breeze, no matter the season.
Equipped with reverse cycle ducted air conditioning, NBN connectivity, and low-maintenance gardens, this home is designed for both comfort and convenience. The bedrooms are generously sized, with the master suite offering privacy and a peaceful retreat. Located just a short stroll from Palmyra Primary School, Geo Thompson Park, local cafes, and other amenities, this property combines location and lifestyle effortlessly.
Rates & Local Information
Water Rates: $1,349.70 (2023/24)
City of Melville Rates: $2,327.46 (2024/25)
Zoning: R20
Primary School Catchment: Palmyra Primary School
Secondary School Catchment: Melville Senior High School
*PLEASE NOTE: While every effort has been made to ensure the given information is correct at the time of listing, this information is provided for reference only and is subject to change. It is recommended that you conduct your own due diligence before making any decisions based on this information.
If you're looking for a move-in-ready home with classic charm and all the modern upgrades, 40 Adrian St is ready to welcome you. Don't miss out on this unique opportunity.
For further information contact Paul Parkinson Team 0400 002 974 or paulparkinson@mintrealestate.com.au
Listing description written by Paul Parkinson, Mint Real Estate East Fremantle — reproduced as published, not verified by Districts.