Gwelup at a glance
5,676
People
$1,655,000
Median sale
$913/wk
Median rent
2.87%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
WA › Gwelup › Milicich Cove
$920,000
Last sold
24 Apr 2023
4
Bedrooms
2
Bathrooms
2
Car spaces
530 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
$920,000
24 Apr 2023 · derived via latest_sale
Local land rate: recorded House sales in Gwelup (last 5 years) with land size have a median of $2,559/m² of land (n=44). Districts calculation from recorded sales — not a valuation.
Gwelup at a glance
5,676
People
$1,655,000
Median sale
$913/wk
Median rent
2.87%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Vs Gwelup
-44.4%
Median sale
Suburb $1,655,000
+2.29 pp
Gross yield
Suburb 2.87%
Suburb median $1,655,000 from 7 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 530 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 $913/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 530 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
Gwelup at a glance
5,676
People
$1,655,000
Median sale
$913/wk
Median rent
2.87%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Thought Leaders Real EstateUNDER OFFER by NICK & JO
Your Own Perfect Private Retreat!
Impressively nestled in cul-de-sac tranquillity, this lovely 4 bedroom 2 bathroom home will keep your loved ones happy with its practical flowing floor plan and a leafy and shady backyard setting that the young ones will fully appreciate. Don't forget about the wonderful location, just footsteps away from lush parks, picturesque lakes and the local Primewest Gwelup Shopping Centre. Delightful is the word!
Features include, but are not limited to:
• A striking double-door entrance that sits just inches away from an open-plan formal lounge and dining room with a gas bayonet for heating and outdoor access to the backyard – lawn area, basketball hoop and all
• A separate central hub of an open-plan family, meals and kitchen area with high ceilings, a breakfast bar for quick bites, double sinks, tiled splashbacks, a corner pantry, a stainless-steel range hood, a Euromaid gas cooktop, a Fisher and Paykel oven and a sleek white Dishlex dishwasher
• Gorgeous double French doors off the main living space, out to a fabulous rear alfresco-entertaining area with power points and all the privacy in the world
• Built-in wardrobes to all three minor bedrooms – with the larger master suite playing host to a walk-in robe, a relaxing parents' retreat/study area, plenty of natural morning sunshine and a light and bright ensuite bathroom with a shower, toilet, vanity and heat lamps
• Double carport for under-cover parking
• Timber floors throughout, tiled kitchen and wet-area flooring, a light-filled main family bathroom with a shower, separate bathtub and heat lamps, a separate laundry with a linen press and side drying-courtyard access, a separate second toilet off the laundry, electric security window roller shutters to both living areas, the master suite and second bedroom, ducted reverse-cycle air-conditioning, internal white plantation window shutters, feature skirting boards, gas hot-water system, reticulation, side garden shed, passionfruit and pink-grapefruit trees in the backyard and two side-access gates for total security – one of them brand-new.
Everything you need – and more – is all within very close proximity of your front doorstep here, from Lake Gwelup Primary School and the freeway, to the winding Lake Gwelup walking trails, the prestigious Lake Karrinyup Country Club and golf course, Hamersley Public Golf Course, public transport, new-look Karrinyup Shopping Centre and the glorious surf and sand of North Beach, Trigg Point and the revamped Scarborough esplanade. Bring your belongings, move straight on in and embrace a magnificent lifestyle, today!
Listing description written by Nick Luca, Thought Leaders Real Estate — reproduced as published, not verified by Districts.
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