Millars Well at a glance
2,347
People
$720,000
Median sale
$1,000/wk
Median rent
7.22%
Suburb gross yield
Median sale from 51 recorded sales (last 12 months) — a Districts calculation.
WA › Millars Well › Wotherspoon Rd
$480,000
Last sold
31 July 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
481 m²
Land
108 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
$480,000
31 July 2026 · derived via latest_sale
Local land rate: recorded House sales in Millars Well (last 5 years) with land size have a median of $981/m² of land (n=96). Districts calculation from recorded sales — not a valuation.
Millars Well at a glance
2,347
People
$720,000
Median sale
$1,000/wk
Median rent
7.22%
Suburb gross yield
Median sale from 51 recorded sales (last 12 months) — a Districts calculation.
Vs Millars Well
-33.3%
Median sale
Suburb $720,000
+3.61 pp
Gross yield
Suburb 7.22%
Suburb median $720,000 from 51 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 481 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 $1,000/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 481 m² — that is not official geometry.
Nearby development pipeline
Area
Millars Well at a glance
2,347
People
$720,000
Median sale
$1,000/wk
Median rent
7.22%
Suburb gross yield
Median sale from 51 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Realmark KarrathaWhat to love
An outstanding opportunity for investors seeking strong returns and long-term security, this well-presented 3-bedroom, 1-bathroom end unit is already leased at $800 per week until 19/01/2027, providing immediate rental income from settlement.
Positioned in a quiet complex of just six units in sought-after Millars Well, the property combines low-maintenance living with broad tenant appeal thanks to its spacious layout, generous outdoor areas, and convenient location close to schools, parks, and local amenities.
Set on a surprisingly large block, the home offers ample parking and a private, tucked-away position that tenants will appreciate. Inside, the light-filled interior features wood-look flooring and an open-plan living and dining area designed for comfortable everyday living.
The functional kitchen is well-equipped with ample storage, while all three bedrooms are fitted with air-conditioning, ceiling fans, and carpet for year-round comfort. The practical bathroom includes both a separate shower and bathtub, ideal for families and long-term occupants.
Outside, the shaded patio and easy-care yard provide an attractive entertaining and relaxation space with minimal upkeep required.
With a secure lease in place, strong weekly returns, and low strata fees, this is a turnkey investment opportunity in a consistently popular residential location.
What to know
Seeking offers from $470,000
Fixed term lease in place until 19/01/2027 at $800 per week
Approximate gross rental yield of 8.8% based on asking price
6 monthly strata levy: $487.75
Quiet complex of only six units
Who to talk to
For more information about the property and to make your offer, contact Jordan James on 0458 193 869 or Ben McGuigan on 0488 402 017.
Listing description written by Jordan James, Realmark Karratha — reproduced as published, not verified by Districts.
Nearby 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.