Perth at a glance
17,600
People
$1,350,000
Median sale
$669/wk
Median rent
2.58%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
$1,152,800
Last sold
5 July 2024
2
Bedrooms
1
Bathrooms
3
Car spaces
429 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
$1,152,800
5 July 2024 · derived via latest_sale
Local land rate: recorded House sales in Perth (last 5 years) with land size have a median of $6,110/m² of land (n=10). Districts calculation from recorded sales — not a valuation.
Perth at a glance
17,600
People
$1,350,000
Median sale
$669/wk
Median rent
2.58%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Perth
-14.6%
Median sale
Suburb $1,350,000
+0.44 pp
Gross yield
Suburb 2.58%
Suburb median $1,350,000 from 10 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 429 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 $669/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 429 m² — that is not official geometry.
Nearby development pipeline
Area
Perth at a glance
17,600
People
$1,350,000
Median sale
$669/wk
Median rent
2.58%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Mark HayAll Offers by 27th May
With R60 Zoning, this is a rare opportunity to cash in on the huge development potential of this well-located land holding that sits on 429m of land with street front and rear lane access and only 2.3km to the CBD, subject to council approval.
Alternatively, you can choose to renovate the current home. This is a 1935-built art deco bungalow with the current configuration of 2 bedrooms and one-bathroom, separate living, open plan kitchen and dining and separate laundry. Typical character features include high ceilings and jarrah floorboards, decorative cornices and ceiling roses.
With the current R60 zoning, the minimum lot size allowed is 120sqm and the average lot size is 150sqm. Astute developers will consider this as the perfect site to develop 2 designer homes with a maximum 3-storey height allowance, (STCA), with one facing the street and the other with laneway frontage. Otherwise, you can seek council approval to develop a 3-storey multiple apartment dwelling.
The home sits on relatively flat terrain and is situated close to the Highgate, Mt Lawley and Northbridge shopping and café precincts, only 2.3km from the Perth CBD and the nearby East Perth train station means access to anywhere in Perth is a breeze.
Nearby are a variety of recreational clubs and parks Such as Mt Lawley Golf Club and Beatty Park Aquatic Centre, a variety of gyms and health clubs and the Swan River and Burswood precinct only a short walk away.
The home is also in the intake zone for the popular Mt Lawley Senior High School with other sought-after private schools nearby including Perth College and Trinity College.
All Offers to be presented by 27th May, 2024 (The owner reserves the right to accept offers prior)
KEY FEATURES:
- 429sqm total land – 12.5m by 36.0m approx.
- Zoned R60 – Minimum lot size 120sqm – Average lot size 150sqm
- Potential for 2 grouped dwellings or 3 storey multiple dwellings (Subject to Council and WA Planning Commission approval)
- Flat Terrain
- Existing early 1935 built art deco home – high ceilings, jarrah floorboards, 2 bedrooms, 1 bathroom, kitchen/ dining, family, laundry
- On-site parking for 3 cars
- Rear lane access with single garage
- 2.3km to City
- Close to multiple Shopping and Café Precincts, sporting clubs, quality schools, and close to bus and train transport
- Located in City of Vincent
Listing description written by Daniel Porcaro, Mark Hay — 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.