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.
4
Bedrooms
2
Bathrooms
3
Car spaces
1,012 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Albany (last 5 years) with land size have a median of $1,201/m² of land (n=58). 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.
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 1,012 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.
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 1,012 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 Professionals RED Real EstateSET DATE SALE - OFFERS CLOSE SATURDAY 3RD JULY 2021 - UNLESS SOLD PRIOR
- A 1954 built home with custom designed and quality finished renovation/extension.
- High raking ceilings and polished concrete flooring to the main living and expansive kitchen.
- The kitchen boasts wide benchtops, excellent storage and a handy scullery.
- All bedrooms are queen size, plus a king size master suite with ensuite and dressing room.
- There is aircon for cooling where required and a large wood fire in the main living area.
- Double glazed windows to the entire new addition and comprehensive insulation.
- Separate front lounge room or potential 5th bedroom, if required.
- Lovely alfresco at the rear with raking timber lined ceiling & exposed aggregate concrete.
- Currently utilised as Short Stay Accommodation with local permits and healthy returns.
- Subdividable with water and sewer run towards the back of the block, for future development.
- Situated at the top of Parade Street with views to the harbour and walking distance to Albany CBD.
A modest 1954 brick home has been transformed into a picture of timeless internal design and decor. The front facade of this property provides little evidence of what awaits inside. Enter through the quaint 1950's style front and as you walk beyond, you find the traditional high ceilings give way to a grand raking, 2 storey roof space, polished concrete floors and clever but inconspicuous storage spaces, practical living areas and handy workspaces.
This is the perfect family home, with the king size master suite neatly positioned above the main living area and the minor bedrooms tucked away with their own bathroom and toilet plus separate lounge room or potential 5th bedroom. Each minor bedroom is substantial and allows for plenty of room for bed and desk for the kids.
This is also the perfect investment! The truly fantastic renovation and new expansive wing, create an atmosphere in keeping with what attracts tourists attention when looking for accommodation in Albany; A beautiful wood fire, a kitchen that is a pleasure to entertain in and a spacious living area that interacts perfectly with the outside alfresco, through expansive double glazed sliding doors. It is no wonder it is so popular.
This property is also a terrific development opportunity! There is the required vehicle access leg down the left hand boundary for a future battle-axe lot, already equipped with sewer and water connection point. What a great nest egg! Move in now with the family and down-size when the kids fly the coop.
Whatever your intentions, 62 Parade Street is a truly versatile property and worthy of your consideration. Do not delay, this property will not last. Contact Brendon Nowotny from RED Real Estate today on 0432 998 035.
Listing description written by Brendon Nowotny, Professionals RED Real Estate — reproduced as published, not verified by Districts.