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.
WA › Albany › Grey Street East
$2,100,000
Last sold
8 Mar 2022
11
Bedrooms
8
Bathrooms
0
Car spaces
1,756 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
$2,100,000
8 Mar 2022 · derived via latest_sale
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
+110.0%
Median sale
Suburb $1,000,000
-1.57 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 1,756 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 1,756 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 First National Real Estate KerrOnly rarely are lifestyle businesses of this high calibre combined with prime real estate offered for sale.
This beautiful heritage property consists of a superior-quality, short-term accommodation complex on a valuable block of 1756sqm, in a historic area on the edge of Albany’s CBD and with views of Princess Royal Harbour.
With a proven track record of high occupancy and a good proportion of return clients, My Place Colonial Accommodation has provided an excellent income for the same family for more than 16 years.
Set in beautiful gardens, the buildings in this impressive complex have been extended and meticulously restored to reflect their original charm and outstanding architectural character. One of the main buildings dates from 1896; the other from the 1940s.
To cater to the needs of today’s guests, modern appointments blend tastefully with period features such as timber flooring, decorative cornices, and pressed tin panels.
One spacious upper-storey apartment was designed as owners’ housing with two bedrooms, a full-sized kitchen with dishwasher, lounge, separate dining area, private balcony with harbour views, bathroom, and abundant storage.
The rest of the accommodation consists of three open-plan studios for couples or singles; two one-bedroom apartments, each sleeping three people; and two two-bedroom apartments. Some enjoy harbour views.
All units are fully furnished with character pieces and super-comfy beds. Each has a TV lounge, dining area and well-equipped kitchen with a cook-top, fridge, microwave, cookware, crockery and utensils.
Some units have a private balcony; others access a guest barbecue and sheltered gazebo in the leafy back yard, among manicured lawns and pretty gardens.
There’s a big laundry and storeroom, available for guest use, paved parking areas for each unit and a guest reception.
The eateries, pubs, entertainment and shops in York Street are a short walk away, making this accommodation first choice for many tourists and corporate guests alike.
This is a substantial freehold package presenting a rare combination of quality, character accommodation in a highly desirable area with potential for significant capital growth and an established, profitable and manageable business.
Immaculately presented and stylishly finished, it allows flexibility for the owners to enjoy ample downtime as well as the myriad attractions of this prime tourist destination and one of WA’s earliest settlements.
Listing description written by Al Fasolo, First National Real Estate Kerr — reproduced as published, not verified by Districts.
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