Lower King at a glance
1,971
People
$830,000
Median sale
$652/wk
Median rent
4.08%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
WA › Lower King › Francis St
$540,000
Last sold
27 Aug 2024
6
Bedrooms
3
Bathrooms
1
Car spaces
809 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
$540,000
27 Aug 2024 · derived via latest_sale
Local land rate: recorded House sales in Lower King (last 5 years) with land size have a median of $487/m² of land (n=66). Districts calculation from recorded sales — not a valuation.
Lower King at a glance
1,971
People
$830,000
Median sale
$652/wk
Median rent
4.08%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Vs Lower King
-34.9%
Median sale
Suburb $830,000
+2.20 pp
Gross yield
Suburb 4.08%
Suburb median $830,000 from 21 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 809 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 $652/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 809 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
Lower King at a glance
1,971
People
$830,000
Median sale
$652/wk
Median rent
4.08%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Merrifield Real EstateJust around the corner from the shore of Oyster Harbour, great fishing spots and the boat ramp, this two-storey home on an 809sqm block offers flexibility and several living options for active families.
A big property for the price, it represents excellent buying for owners recognising the amazing potential it holds.
Some touches have been added in recent years, and while the place needs more than a little TLC, it could be a straightforward project that will appeal to buyers needing an affordable home to accommodate a brood, and to investors looking for a well-priced rental with the promise of excellent returns.
Modernising the kitchen, replacing floor coverings and window treatments, giving it a good scrub and freshening up the décor will pay dividends by potentially adding value and delivering a coveted coastal lifestyle.
On the ground floor is an air-conditioned, open family room and dining area with the kitchen on one side. While the kitchen has a big footprint and space for an island bench, it's crying out for a makeover.
There's a games room or lounge at the back, with doors onto a long, paved and sheltered patio overlooking the gardens.
Of the four bedrooms on this level, one would be ideal for use as an office or study. All are double sized, one has built-in robes, and one has its own modern shower room and little area for a microwave and kettle.
The main bathroom has a bath with a shower over, a toilet and vanity, and a third shower is part of the laundry, which has good, fitted cabinetry as well as linen and broom cupboards.
Upstairs are two more bedrooms, one with a lovely outlook to Oyster Harbour and the hills of Gull Rock.
A double-length garage, reached via a drive at the side of the house, has a workshop area at the back, and there's a garden shed for the tools as well as a small chook run.
With lawns, hedges, easy-care natives and a few trees for privacy and shelter, the gardens are fenced to contain children and pets, and offer ample scope for growing veggies.
In a quiet, leafy area, the property is within easy reach of good schools, a shopping centre and scenic walk trails, and only a 15-minute commute to town.
Chock-full of possibilities, it will bring myriad rewards for owners with foresight and a willingness to roll up their sleeves. This property is being sold “As Is” which means in its current condition. Building, timber pest, electrical and plumbing repairs are available upon request.
What you need to know:
- Two-storey family home, Hardiplank and iron
- 809sqm block, quiet locale
- Short distance to coast of Oyster Harbour – fishing and boat ramp
- Few minutes to good schools, shopping centre, 15 minutes to town
- Air-conditioned family room/dining area
- Games room or lounge
- Big kitchen
- Rear patio, paved and sheltered
- Six bedrooms, one with en suite shower room
- Bathroom with bath, shower, vanity, toilet
- Combined laundry and third shower
- Double-length garage and powered workshop
- Garden shed and chook run
- Lawns and easy-care gardens
- Council rates $2,027.77
- Water rates $275.72
Listing description written by Jeremy Stewart, Merrifield Real Estate — reproduced as published, not verified by Districts.