Lower King at a glance
1,971
People
$830,000
Median sale
$652/wk
Median rent
4.08%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
WA › Lower King › Elizabeth St
$310,000
Last sold
12 Nov 2021
3
Bedrooms
1
Bathrooms
2
Car spaces
895 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
$310,000
12 Nov 2021 · derived via latest_sale
Local land rate: recorded House sales in Lower King (last 5 years) with land size have a median of $498/m² of land (n=66). Districts calculation from recorded sales — not a valuation.
Lower King at a glance
1,971
People
$830,000
Median sale
$652/wk
Median rent
4.08%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Vs Lower King
-62.7%
Median sale
Suburb $830,000
+6.86 pp
Gross yield
Suburb 4.08%
Suburb median $830,000 from 21 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 895 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 $652/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 895 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
Lower King at a glance
1,971
People
$830,000
Median sale
$652/wk
Median rent
4.08%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Merrifield Real EstateHere's a cosy home to set you on your way if you're just getting into the real estate market, or if you're looking for a solid rental investment in a popular family suburb.
Number 5 Elizabeth Street in Lower King is a well-priced, comfortable brick and tile home with some welcome features and inviting indoor and outdoor living areas.
Built in the late 1970s, it occupies a bigger-than-the-average block of 895sqm with mature trees and lawns surrounding the house and plenty of off-road parking in addition to a double-length carport.
For those who enjoy entertaining, there's a long covered patio at the back of the home and a sheltered sunken area complete with a terrific built-in pizza oven.
Inside, the home is bright and sunny. The lounge at the front has windows on two walls and a wood fire that also heats the adjoining dining area. Although, the wood fire could easily be upgraded to a reverse cycle air conditioner to bring it up to speed.
On the other side of the dining space is the renovated kitchen. This sports sparkling white cabinetry, attractive tiling, a pantry, dishwasher and attractive vinyl plank flooring extending to the dining area and lounge.
A hallway leads off the dining area to the three good-sized bedrooms, two of which have built-in wardrobes. The laundry, separate toilet and bathroom, with bath, shower and vanity, are also along the hallway.
Though the bathroom would benefit from renovation, it is clean and serviceable, so any work could be carried out while living in the property.
Outside, there are garden sheds, and plenty of scope for gardening types to get their hands dirty and grow veggies and herbs.
From this home, you or your tenants could be launching the dinghy at Lower King or throwing out a line in just a few minutes.
Schools and school buses are within easy reach and a major supermarket is a short drive down the road. Albany CBD is only approximately 14 minutes by car.
But staying at home would also be an appealing option. There's space for the kids to play on the front and back lawns, trees to climb in the fenced gardens and room for computer desks in their bedrooms. The size of the block would also allow for a good size shed and easy access to it – perfect for a tradie, fisherman, holiday makers with a caravan or camper trailer or anything else that needs to be stored away.
Take a look – this is an attractive proposition with the opportunity to easily add value and enjoy the leisure activities this area is known for.
What you need to know:
- Brick and tile family home
- 895sqm block with lawns front and back
- House sheltered by mature trees
- Terrific paved, undercover patio
- Sunken deck with built-in pizza oven
- Sunny lounge with wood fire
- Dining area
- Renovated kitchen with dishwasher and pantry
- Three good-sized bedrooms, two with built-in robes
- Bathroom with bath, shower, vanity
- Separate toilet off laundry
- Fenced yard
- Double-length carport
- Close to fishing, sailing, schools, shops
- Approx. 14 minutes to Albany by car
- Water Rates $1,463.12
- Council Rates $1,893.31
Listing description written by Kyle Sproxton, Merrifield Real Estate — reproduced as published, not verified by Districts.