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WA › Lockridge › Thorley Way

45 Thorley Way, Lockridge WA 6054

House

$405,000

Last sold

28 Mar 2023

3

Bedrooms

1

Bathrooms

1

Car spaces

686 m²

Land

98 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $405,000 (28 Mar 2023).(Recorded sale)
  • CalculationLand 686 m² against a 98 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Lockridge (last 5 years) with land size: median $965/m² of land (n=96). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

$405,000

28 Mar 2023 · derived via latest_sale

Local land rate: recorded House sales in Lockridge (last 5 years) with land size have a median of $965/m² of land (n=96). Districts calculation from recorded sales — not a valuation.

Lockridge at a glance

3,738

People

$780,000

Median sale

$662/wk

Median rent

4.41%

Suburb gross yield

Median sale from 35 recorded sales (last 12 months) — a Districts calculation.

See the full Lockridge report →

Vs Lockridge

-48.1%

Median sale

Suburb $780,000

+4.09 pp

Gross yield

Suburb 4.41%

Suburb median $780,000 from 35 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

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. Sold$405,00028 Mar 2023
  2. Listedprice unknowncompleted9 Mar 2023

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 686 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 $662/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

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

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 686 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

Lockridge in one glance

Lockridge at a glance

3,738

People

$780,000

Median sale

$662/wk

Median rent

4.41%

Suburb gross yield

Median sale from 35 recorded sales (last 12 months) — a Districts calculation.

See the full Lockridge report →

Keep researching

  • Why Lockridge? Read the area thesis →
  • What else is on the market in Lockridge →
  • Other records on Thorley Way →

Listing material

Listed by HouseSmart Real Estate

Light Filled Home with Large Rear Sleepout on Full Sized R20/35 Block!

Enjoy this opportunity filled three-bedroom, one-bathroom home built in 1977 and ready for you today. The brick and tile home fills an internal floorspace of 98 square metres (plus the rear sleepout), inside a comfortable block size of 686 square metres which is zoned R20/35 - meaning that subdivision may be possible, subject to council approval. This is a well positioned home in Lockridge, close by to popular parks and ovals, schools, shops and public transport. There are plenty of features to love here inside the property, including a great brick and tile construction, single car lockup garage, drive through side access, split cycle air conditioning, a combustion wood heater, ceiling fans throughout, built in robes, a massive rear sleepout and spacious grass backyard. The home is currently vacant - immediately ready for you to enjoy or equally for you to lease out, with a market rent of approximately $420 per week.

Property Highlights Include:

- Three-bedroom, one-bathroom home built originally in 1977

Read the full description

- Total block size of 686 square metres

- Internal floorspace of 98 square metres (plus the rear sleepout)

- Drive through side access

- Single car lockup garage

- Split system air conditioner to living area

- Gas cooking in kitchen

- Spacious full sized block, zoned R20/35 - may be potential for subdivision

- Vacant and ready from settlement day!

Investor Summary:

- This house is currently vacant, and ready for immediate leasing

- Market rent for 45 Thorley Way is approximately $420 per week.

- Using a purchase price of $389,000 results in a gross annual rental yield of 5.63%.

- The block is 686 square metres, zoned R20/35 resulting in promising subdivision potential into two lots, pending relevant approvals.

- HouseSmart is highly active in Lockridge and the surrounding areas, and can provide Property Management Services throughout the course of the sale and beyond.

The home presents well, with a classic brick and tile construction and the house itself set back from the road. Large windows funnel natural light into the home, and there's a concrete driveway with plenty of parking spaces. You also have the option of parking inside the roller door lockup single car garage, or opening the side gate and driving through to the backyard.

Stepping inside the property, there are three excellent bedrooms to enjoy, all with carpet, built in robes and ceiling fans. The main bedroom is a good size and enjoys a wide window that overlooks your backyard. Throughout the kitchen, bathroom, dining and hallway spaces there is a brilliantly retro tile feature. Choose to keep this lovely legacy, or replace with your own. The kitchen is built around a U-shaped benchtop with enough space for meal preparation and storage both under-bench, and wall mounted. The gas freestanding oven is not brand new but having the gas connection is a solid feature itself!

The dining space is connected straight to the kitchen with powerpoints, a ceiling fan and a large window that looks over the front yard towards the street. The living space is separate - a nice touch - with vibrant blue carpet flooring, a split cycle air conditioner and also a wood combustion heater. The living space also enjoys a glass sliding door connecting straight to the rear sleepout and backyard areas, and massive windows with a street front aspect. A prime feature of this home is the windows - which are placed thoughtfully to draw natural light and warmth (when needed) into the property - a great example of this is the window adjacent the front door which spreads light through to the passageway, tickling both the living and dining/kitchen areas!

The rear sleepout is a massive size and is perfect for converting to a new master bedroom and ensuite, a rear hobby space or powered workshop, or even a massive living area for entertaining!

Not only does this property have great features but it is also located in a central location close to shops, schools, parks and more. It has easy access on to Roe Highway and close connection to Tonkin Highway to both the southern and northern suburbs. Perth CBD is a quick 20-something minutes away, and Perth Airport even less.

If you have a dog or children to take out, this house not only has a secure and spacious yard for them at home, but is also has parks just a short walk away including Grimrey Oval at 500m, and Woolgar Park (with Lockridge Community Centre) only 450m. Nearby schools include Lockridge Primary School (900m), West Beechboro Primary School (3.4km), and Kiara College (2.3km). As for shops, Beechboro Deli is only 800m away, perfect for stocking up on essentials, and for larger shops Altone Park Shopping Centre is only 1.6km with Woolworths, ALDI, McDonald's, and lots more cafe's, food outlets, pharmacy's and more.

If you're looking for a reliable home to lease out as an investment, or a home to move in and immediately enjoy, or a promising renovation project, or anything else - this home may just be for you! Don't miss out - contact our team today.

Listing description written by Adam Bettison, HouseSmart Real Estate — 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.