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.
$1,550,000
Last sold
7 May 2025
5
Bedrooms
5
Bathrooms
9
Car spaces
728 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
$1,550,000
7 May 2025 · 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
+55.0%
Median sale
Suburb $1,000,000
-1.06 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 728 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 728 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 EstateProudly retaining its century-old heritage, this beautiful building in Albany's CBD presents an opportunity for savvy investors to benefit from an established, profitable and easily managed business.
Fastidiously preserved and extended since its 1920s beginnings, the property has been stylishly modified into four modern, short-stay accommodation units showing a good income and high numbers of tourist and corporate clients, including return visitors.
With a two-level façade and a single-storey extension, the brick and iron building occupies a 728sqm block with seven off-road parking spaces and low-maintenance gardens at the back.
The older front section displays some lovely original features such as high, decorative ceilings, panel doors and timber window surrounds.
All units are equipped with practical, modern amenities and furnishings, and finished with smart flooring and blinds set off with clean, white décor.
Each of the four units features an air-conditioned, open lounge, meals area and well-equipped kitchen with an electric cook-top, under-bench oven and dishwasher.
One is an upper-level unit with views over town to Mount Clarence from the front and Mount Melville at the back. This has two bedrooms, two bathrooms and its own laundry.
Another on the ground floor is designed for accessibility with level entry into all rooms, wide doorways and a spacious shower room. This is also a two-bedroom unit with its own private rear patio sheltered by trees.
The other two are one-bedroom, one-bathroom units on the lower level.
A laundry with two washing machines and a dryer are strategically positioned for guest use and there's an office and store room besides.
Owners may manage the accommodation remotely through online bookings and each unit having a digital key lockbox, enhancing its appeal as a lifestyle business.
Zoned Regional Centre Mixed Use, this is prime real estate in Albany's historic precinct with real potential for capital growth.
It is within a short stroll of shops, cafés, restaurants and entertainment, and is well located for tourist activities and attractions.
What you need to know:
- 1920s CBD building, preserved, extended and modernised
- Converted into four short-stay holiday units
- Original features integrated with modern appointments
- One upper-level unit, two bedrooms, two bathrooms, views
- One two-bedroom, easy-access unit, two bathrooms, private patio
- Two one-bedroom, one-bathroom units
- All with air-conditioned lounge, meals area, kitchen with dishwasher, electric cooking
- Short stroll to shops, cafés, restaurants, entertainment
- Well located for tourist activities and attractions
- Online booking and key lockbox system
- Office, store room, guest laundry
- Nine off-road parking spaces
- Zoned Regional Centre Mixed Use
- Council rates $7242.51
- Water rates $3255.06
Listing description written by Jeremy Stewart, Merrifield Real Estate — reproduced as published, not verified by Districts.