Greenmount at a glance
2,859
People
$875,000
Median sale
$609/wk
Median rent
3.62%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
WA › Greenmount › Arundle Ave
$385,000
Last sold
14 Feb 2023
4
Bedrooms
1
Bathrooms
2
Car spaces
923 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
$385,000
14 Feb 2023 · derived via latest_sale
Local land rate: recorded House sales in Greenmount (last 5 years) with land size have a median of $573/m² of land (n=102). Districts calculation from recorded sales — not a valuation.
Greenmount at a glance
2,859
People
$875,000
Median sale
$609/wk
Median rent
3.62%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Vs Greenmount
-56.0%
Median sale
Suburb $875,000
+4.61 pp
Gross yield
Suburb 3.62%
Suburb median $875,000 from 28 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 923 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 $609/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 923 m² — that is not official geometry.
Nearby development pipeline
Area
Greenmount at a glance
2,859
People
$875,000
Median sale
$609/wk
Median rent
3.62%
Suburb gross yield
Median sale from 28 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Earnshaws Real EstateNot everyone wants a home already spick and span, polished within an inch of its life, and ready to move straight into. Some folk have foresight and are absolutely hankering for a project they can roll up their sleeves, start planning, and take on with gusto. If that's you, AND you'd like a little extra bang for your buck - keep reading!
This property has two obvious options - renovate, or demolish! Knocking the current home down and starting from scratch may seem like the best choice, as with an R20 zoning the potential exists to subdivide and build two homes; either side by side or front and back. It's an excellent opportunity for someone to capitalise on the block and possibly double their investment! Or, you could remove the garage and back half of the current house to retain a 2-bedroom cottage plus add that second driveway and dwelling. You may just want to hold onto the existing home on one big block in which case you need to be prepared to give it LOTS of love. The home is in need of a renovation and being sold 'as is,' although the smoke alarms and RCDs have been made compliant for sale. Either way, you've got a fairly blank canvas here to build the kind of home(s) you've always dreamed of, on a truly great sized block. All subject to shire approvals of course!
Features Include:
Existing home on large block - renovate or demolish (with options!)
Originally built in the 1960s
4 bedrooms
1 bathroom
Zoned R20: potential for 2 blocks (with Shire approval - please do your due diligence when seeking subdivision advice)
RCD & smoke alarms compliant
923sqm block
Sold on an 'as is' basis - potential buyers are encouraged to do their own due diligence and conduct pre-purchase inspections if they so choose, however, the home will be sold 'as is' and building and pest inspections will not form part of the contract
Greenmount is a little gem of the Hills, and this home is a quick skip to the shops (you'll need sustenance while tackling your build!), cafes for morning coffees, and - for later - great schools, mountain bike trails, and scenic walks. Midland is mere minutes away with the cinema, cafe strip, all the shopping you can do in an afternoon, and public transport to get you into the CBD and beyond. Once your grand designs have come to life, you'll adore living here - whatever option you choose.
Ready to roll up your sleeves?
For more information on 5 Arundle Avenue Greenmount or for friendly advice on any of your real estate needs please call Randi on 0408 559 247
Listing description written by Randi Macpherson, Earnshaws Real Estate — 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.