Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
WA › Albany › Spencer St
$720,000
Last sold
27 Aug 2025
2
Bedrooms
1
Bathrooms
0
Car spaces
595 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
$720,000
27 Aug 2025 · derived via latest_sale
Local land rate: recorded House sales in Albany (last 5 years) with land size have a median of $1,192/m² of land (n=57). Districts calculation from recorded sales — not a valuation.
Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Vs Albany
-28.0%
Median sale
Suburb $1,000,000
+1.16 pp
Gross yield
Suburb 2.99%
Suburb median $1,000,000 from 15 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 595 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 $575/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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 595 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
Albany at a glance
1,897
People
$1,000,000
Median sale
$575/wk
Median rent
2.99%
Suburb gross yield
Median sale from 15 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Merrifield Real EstateThis solid character cottage in Albany's CBD presents exciting options for astute owners to restore or develop the versatile property while exploiting expansive harbour views.
Built in the 1930s, the fibro and iron home displays original jarrah floorboards, high ceilings and timber panel doors.
It has been extended since its earliest days, and while some work is needed to make the place shine, recent modernisation of the bathroom indicates the standard that could be achieved with a modest further outlay.
On the other hand, the elevated, gently sloping block of 595sqm with a zoning of R30/60 allows for development of up to three homes designed to take in the outlook.
From the cottage's front deck, lounge and kitchen, the panoramic view over Princess Royal Harbour also encompasses the windfarm, Torndirrup National Park, Little Grove and Vancouver Peninsula as well as nearby Mount Melville and the city.
Two windows and an open fire feature in the air-conditioned lounge, which leads through to the kitchen, with an old Settler stove in an alcove as well as a gas cooker and an under-bench oven.
Next is a meals area and at the back door, a utility room housing the laundry and the separate toilet, with access to a sheltered deck – sure to be a favourite spot for relaxing and gazing at yachts on the harbour.
Both bedrooms are big doubles. The bathroom features an open shower and vintage-style tapware and tiling presenting modern facilities with industrial chic, tastefully integrating with the cottage's period features.
Outside, there's a drive at the side and the fenced back yard is in grass.
Within easy walking distance are shops, restaurants, cafés, the entertainment centre, farmers' markets, the fishing jetty and primary and high schools, exemplifying the wide attraction of this location.
This is a rare opportunity to secure historic real estate in a prime city location with excellent prospects for a classy renovation or lucrative development.
PLEASE NOTE: this property is being sold in "as is" condition.
What you need to know:
- The property is being sold As Is
- Solid fibro and iron cottage
- Options for renovation or development
- Original 1930s jarrah floors, high ceilings, timber panel doors
- Expansive outlook over harbour to national park, windfarm, city
- Easy walk to city centre shops, eateries, markets, entertainment, fishing, schools
- Elevated, gentle sloping 595sqm block
- R30/60 zoning allows for development of up to three homes
- Front and rear decks with views
- Air-conditioned lounge with two windows, open fireplace
- Kitchen with gas cooking, under-bench oven
- Meals area
- Utility room with laundry and separate toilet
- Two double bedrooms
- Modernised shower room
- Drive at side of house
- Gently sloping, enclosed back yard
- Council rates $2288.92
- Water rates $1564.13
Listing description written by Jeremy Stewart, Merrifield Real Estate — reproduced as published, not verified by Districts.