Palmyra at a glance
8,680
People
$1,250,000
Median sale
$701/wk
Median rent
2.92%
Suburb gross yield
Median sale from 59 recorded sales (last 12 months) — a Districts calculation.
$1,900,000
Last sold
9 July 2025
4
Bedrooms
3
Bathrooms
4
Car spaces
462 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
$1,900,000
9 July 2025 · derived via latest_sale
Local land rate: recorded House sales in Palmyra (last 5 years) with land size have a median of $2,610/m² of land (n=79). Districts calculation from recorded sales — not a valuation.
Palmyra at a glance
8,680
People
$1,250,000
Median sale
$701/wk
Median rent
2.92%
Suburb gross yield
Median sale from 59 recorded sales (last 12 months) — a Districts calculation.
Vs Palmyra
+52.0%
Median sale
Suburb $1,250,000
-1.00 pp
Gross yield
Suburb 2.92%
Suburb median $1,250,000 from 59 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 462 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 $701/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 462 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
Palmyra at a glance
8,680
People
$1,250,000
Median sale
$701/wk
Median rent
2.92%
Suburb gross yield
Median sale from 59 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Mint Real Estate East FremantleStep into something truly special at 56B Adrian Street, Palmyra - a one-of-a-kind architectural masterpiece designed by renowned architect David Hartree and built by Andy Pollard. With its bespoke finishes, seamless flow and a distinct down-south holiday feel, this modern yet warmly layered home captures light, space and serenity in every direction.
Nestled opposite the lush green expanse of Three Bears Park, this striking residence was crafted to make the most of its tranquil, tree-filled outlook. From the moment you arrive, you'll sense the thought and detail that has gone into creating a home that feels both luxurious and grounded.
The ground level offers three spacious bedrooms and two bathrooms, including a guest suite with its own access & ensuite - ideal for visiting family, friends or a teenager's private retreat. There's also a dedicated study/sitting area and a large main living zone that flows seamlessly out to the poolside entertaining area. A double garage coupled with a storeroom offers secure parking and great storage.
Upstairs, the entire space opens up into a breathtaking open-plan kitchen, dining and lounge zone that connects beautifully to a wide verandah with uninterrupted park views. The master bedroom suite is positioned perfectly, providing excellent separation and privacy. The sense of elevation, the natural light, and the outlook over the trees combine to create an atmosphere that's hard to describe - it's golden hour, all day long.
Every element of this home speaks to custom craftsmanship and thoughtful design. The kitchen features a solid stone benchtop craned into place as a single slab, paired with a splashback made from two enormous tiles. Timber hebel flooring brings high-performance acoustic and thermal properties along with that feeling of warmth. The circular custom park-facing window seat adds a sculptural touch of class.
Features You Will Love:
• The entry door, made from burnt ash timber, sets the tone from the moment you arrive
• Recycled brickwork
• Breeze blocks
• Landscaped gardens
• Reverse cycle air-conditioning, ceiling fans and gas points provide year round climate control
• Chef's kitchen with walk-in pantry, quality appliances and masses of storage
• Outdoor poolside shower
• Dual indoor / outdoor stairs connecting the entertaining spaces
• Ample parking for cars, boats & trailers
Whether you're entertaining, relaxing, or simply enjoying the view, this home adapts effortlessly to every moment. The use of natural materials, thoughtful zoning and a true connection to its surroundings create a warmth and atmosphere rarely found in urban living.
Contact The Paul Parkinson Team 0400 002 974 for further information.
Rates & Local Information
Water Rates: $1,206.95 (2023/24)
City of Melville Council Rates: $3,035.19 (2024/25)
Zoning: R20
Primary School Catchment: Palmyra Primary School
Secondary School Catchment: Melville Senior High School
PLEASE NOTE: While every effort has been made to ensure the given information is correct at the time of listing, this information is provided for reference only and is subject to change. It is recommended that you conduct your own due diligence before making any decisions based on this information.
Listing description written by Paul Parkinson, Mint Real Estate East Fremantle — reproduced as published, not verified by Districts.