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.
WA › Lockridge › Thorley Way
$405,000
Last sold
28 Mar 2023
3
Bedrooms
1
Bathrooms
1
Car spaces
686 m²
Land
98 m²
Building
Districts View
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
$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.
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 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 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.
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 $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.
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 686 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
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.
Listing material
Listed by HouseSmart Real EstateEnjoy 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
- 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.