Southern River at a glance
16,598
People
$1,061,000
Median sale
$790/wk
Median rent
3.87%
Suburb gross yield
Median sale from 83 recorded sales (last 12 months) — a Districts calculation.
WA › Southern River › Lakey St
$654,000
Last sold
27 Oct 2025
3
Bedrooms
2
Bathrooms
2
Car spaces
200 m²
Land
96 m²
Building
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
$654,000
27 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Southern River (last 5 years) with land size have a median of $2,069/m² of land (n=114). Districts calculation from recorded sales — not a valuation.
Southern River at a glance
16,598
People
$1,061,000
Median sale
$790/wk
Median rent
3.87%
Suburb gross yield
Median sale from 83 recorded sales (last 12 months) — a Districts calculation.
Vs Southern River
-38.4%
Median sale
Suburb $1,061,000
+2.41 pp
Gross yield
Suburb 3.87%
Suburb median $1,061,000 from 83 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 200 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 $790/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 200 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
Southern River at a glance
16,598
People
$1,061,000
Median sale
$790/wk
Median rent
3.87%
Suburb gross yield
Median sale from 83 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by exp Australia WAFamily Haven with Luxury Touches, Prime Location & Exceptional Value
Attention home buyers and investors - here is your opportunity to secure a premium slice of Southern River real estate. This 2015-built residence offers the ideal combination of elegance, practicality, and modern living, making it a standout choice for families, couples, FIFO professionals, and those relocating to Western Australia.
Nestled in a tranquil enclave and opposite a lush reserve, this home provides both serenity and convenience, with schools, shopping, and amenities all within walking distance. Whether you're looking for your forever family home or a high-performing investment, this property ticks every box.
Step Inside – Space, Light & Sophistication
From the moment you arrive, the home impresses with its wide entrance, high ceilings, and refined design details. Natural light, LED accents, and strategically placed colour lighting in the theatre, dining, and living areas create an ambiance of warmth and style.
The versatile floor plan flows seamlessly from formal living and dining spaces to the central family hub. With 3 spacious bedrooms, 2 modern bathrooms, multiple living zones, a home office, and scullery, the home offers flexibility to suit growing families and modern lifestyles.
Every detail has been thoughtfully considered, from the porcelain tiles underfoot to the ceiling-height bathroom tilesthat elevate the sense of luxury.
Gourmet Kitchen – The Heart of the Home
At the centre lies the chef's kitchen, designed for both daily living and entertaining. Featuring a stone benchtop, integrated dishwasher, stainless steel appliances, gas cooking, and ample storage, this kitchen makes cooking a pleasure. The adjoining scullery enhances functionality and keeps the heart of the home sleek and uncluttered.
Work, Rest & Play
• Home Office with Attic Storage – perfect for remote work, study, or running a home business, with bonus storage to keep things organised.
• Formal Lounge & Dining – offering additional zones for entertaining or family gatherings.
• Outdoor Living – relax under the covered patio or watch the kids play in the secure, fenced front yard. Safety and tranquillity come together here.
Bedrooms & Bathrooms
• Master Suite – with ensuite and stylish finishes.
• Two minor bedrooms – fitted with built-in robes for easy storage.
• Main bathroom – finished with ceiling-height tiles, modern fittings, and a sense of timeless quality.
Property Features
• Double lockup garage with shopper's entry
• Reverse cycle air conditioning
• Modernised kitchen & appliances
• Gas cooking and hot water
• Porcelain tiled living areas
• Built-in robes to minor bedrooms
• Spacious yards for family enjoyment
Investment Strength
Currently leased at $620 per week until 2/3 2026, this property offers immediate rental income and strong long-term growth potential in one of Perth's most sought-after family suburbs.
With education, shopping, and recreation all within easy reach, Southern River is one of Perth's fastest-growing, family-friendly suburbs.
Why You'll Love This Home
✔ A move-in ready home blending luxury finishes with functional living.
✔ Perfect for families, professionals, or investors.
✔ Secure and private, yet close to schools, shops, and transport.
✔ A motivated seller - presenting buyers with outstanding value.
This home isn't just bricks and mortar - it's a lifestyle. From family movie nights in the theatre, to cooking in your gourmet kitchen, to quiet evenings overlooking the reserve, 50 Lakey Street is designed to enhance the way you live every day.
Contact Jonathan Lai – eXp Australia on 0422 952 688 to arrange your inspection or register interest today.
Property Information
• Block Size: 200 sqm
• Build Year: 2015
• Zoning: R40
• Council Rates: Approx. $2,000 p.a.
• Water Rates: Approx. $1,100 p.a.
• Dwelling Type: House
• Lease: $620 per week until 2/3/2026
Location Benefits (approx. distances)
• 1.0 km – Bletchley Park Primary School
• 1.2 km – Southern Grove Primary School
• 1.2 km – Providence Christian College
• 1.2 km – The Vale Shopping Centre (shops, cafes & amenities)
• 16 km – Perth Airport
• 23 km – Crown Casino Perth
• 26 km – Perth CBD
Listing description written by Jonathan Lai, exp Australia WA — reproduced as published, not verified by Districts.
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