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WA › Thornlie › Colby Way

4D Colby Way, Thornlie WA 6108

For saleHouse for Sale

$700,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

225 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $700,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $700,000(Listing record · 5 Aug 2026)
  • CalculationAsk is 21% below the Thornlie median recorded sale ($888,000, n=112, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Thornlie's advertised median rent ($675/wk), implied gross yield would be 5.01% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

The ask against the evidence

Asking

$700,000

Asking · $3,111/m² of land

No recorded sale for this property.

Thornlie at a glance

25,987

People

$888,000

Median sale

$675/wk

Median rent

3.95%

Suburb gross yield

Median sale from 112 recorded sales (last 12 months) — a Districts calculation.

See the full Thornlie report →

Vs Thornlie

-21.2%

Median sale

Suburb $888,000

+1.06 pp

Gross yield

Suburb 3.95%

Suburb median $888,000 from 112 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$700,000
Stamp Duty (Western Australia)
$27,265
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$731,190

$31,190 on top of the price (4.5% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Thornlie's advertised median rent — not a rent for this listing.

Net yield
3.51%
Annual cashflow (pre-tax)
$-11,800
Interest cover (DSCR)
0.68
Annual rent
$35,100
Operating expenses
$10,500
Loan amount
$560,000
Annual interest
$36,400
Gross yield
5.01%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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. Listed$700,000available5 Aug 2026

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 225 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 $675/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

Gross yield if leased at the suburb aggregate is 5.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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 225 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

Thornlie in one glance

Thornlie at a glance

25,987

People

$888,000

Median sale

$675/wk

Median rent

3.95%

Suburb gross yield

Median sale from 112 recorded sales (last 12 months) — a Districts calculation.

See the full Thornlie report →

Keep researching

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

Listing material

Listed by Turner Estate Agents

Stylish, Low-Maintenance Living in the Heart of Thornlie

Tucked away in a quiet pocket of Thornlie, this beautifully presented three-bedroom, two-bathroom villa offers the perfect blend of style, space and simplicity. Whether you're a first home buyer, a savvy investor or looking to downsize without compromise, this immaculate residence ticks every box.

First Impressions Count

A neat brick-paved driveway and low-maintenance gardens set the tone before you even step through the front door. With a single lock-up garage and manicured street appeal, this home presents beautifully from the moment you arrive.

Read the full description

Space to Live and Entertain

Step inside and be greeted by a sun-drenched, open-plan living, dining and kitchen zone, the true heart of this home. Durable, easy-care vinyl plank flooring in a warm timber look flows seamlessly underfoot, while split-system air conditioning keeps the space comfortable all year round. The kitchen is a showstopper in its own right, boasting a gas cooktop, under-bench oven, sleek stainless steel rangehood, ample cabinetry for all your storage needs, and a breakfast bar made for lazy Sunday mornings or effortless entertaining.

Slide open the doors and step out into your own private, paved courtyard, a peaceful outdoor escape perfect for sizzling weekend barbecues, a quiet morning coffee, or simply kicking back at the end of the day, all without the hassle of maintaining a sprawling garden.

Three Bedrooms, Two Bathrooms, Room for Everyone

The generous master suite comes complete with a walk-in robe and a private ensuite, offering a genuine retreat away from the living areas. Bedrooms two and three are both well-proportioned with built-in robes, serviced by a stylish main bathroom featuring a corner shower, and a separate WC and laundry for everyday convenience a smart, practical layout that keeps the household running smoothly.

Location Highlights:

Schools: Thornlie Primary and Thornlie Senior High School are both close by, along with several other nearby primary schools, the Australian Islamic College, and South Metropolitan TAFE.

Shopping: Thornlie Square, Spencer Village and Forest Lakes shopping centres cover your everyday needs just minutes from home.

Sport and recreation: Stay active with the Tom Bateman Sporting Complex, home of the Perth Heat baseball club, plus Gosnells Leisure World for swimming and gym session.

Transport: Thornlie Train Station and regular bus routes make commuting easy, with quick access to Roe, Albany and Tonkin Highways connecting you to the rest of Perth.

Weekend fun: From local sport and a swim at Leisure World to a show at the Don Russell Performing Arts Theatre, river walks, and the area's cafes and restaurants, there's always something to enjoy close to home.

Disclaimer: While every effort has been made to ensure the accuracy of the information contained in this advertisement, Turner Estate Agents accepts no responsibility and disclaims all liability for any errors, omissions, inaccuracies or misstatements. Prospective buyers are encouraged to make their own enquiries to verify all information, including but not limited to measurements, property features, boundaries and any other details that are material to their purchasing decision.

Listing description written by Kim Turner, Turner Estate Agents — 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.