Midland at a glance
6,940
People
$709,000
Median sale
$601/wk
Median rent
4.41%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
WA › Midland › Wellaton St
$649,000
For sale
Asking
2
Bedrooms
1
Bathrooms
1
Car spaces
423 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
Asking
$649,000
Asking · $1,534/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Midland (last 5 years) with land size have a median of $1,107/m² of land (n=43). Districts calculation from recorded sales — not a valuation.
Midland at a glance
6,940
People
$709,000
Median sale
$601/wk
Median rent
4.41%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Vs Midland
-8.5%
Median sale
Suburb $709,000
+0.41 pp
Gross yield
Suburb 4.41%
Suburb median $709,000 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$28,768 on top of the price (4.4% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Western Australia schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Midland's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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 423 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 $601/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.
Gross yield if leased at the suburb aggregate is 4.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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 423 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
Midland at a glance
6,940
People
$709,000
Median sale
$601/wk
Median rent
4.41%
Suburb gross yield
Median sale from 45 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Midland & HillsWell positioned and beautifully presented, 62A Wellaton Street delivers the perfect balance of comfort, practicality and low-maintenance living. Freshly updated throughout and offering an impressive amount of secure outdoor space, this move-in-ready home is an outstanding opportunity for first home buyers, downsizers and investors alike.
Freshly painted interiors create a bright, welcoming atmosphere, while thoughtful inclusions ensure year-round comfort. The open-plan living area is complemented by a split system air conditioner and ceiling fan, with both bedrooms also enjoying their own split system air conditioners and ceiling fans-providing individual comfort for every member of the household.
At the heart of the home, the well-appointed kitchen has been designed for effortless everyday living, featuring a gas cooktop, electric oven and dishwasher, all overlooking the main living space.
Step outside and discover what truly sets this property apart. The expansive, fully fenced yard offers exceptional versatility, with a combination of lawn and gravel areas providing ample room for children and pets to play, entertaining family and friends, or securely storing a caravan, trailer, boat or additional vehicles. Double-gate access makes parking larger vehicles a breeze, while a separate pedestrian gate and covered alfresco area complete this functional outdoor area.
Adding even greater appeal are the absence of strata fees, a secure single garage with roller door, solar panels, and generous additional off-street parking-all within easy reach of Midland Gate Shopping Centre, public transport, schools, parks and everyday amenities.
Property Features:
Freshly painted throughout
No strata fees
Solar panels (15)
Two spacious bedrooms, each with split system air conditioning, ceiling fans, mirrored built in robes and block out blinds
Open-plan living area with split system air conditioning and ceiling fan
Well-equipped kitchen with gas cooktop, electric oven and dishwasher
Expansive, fully fenced and secure backyard
Lawn and gravel areas offering exceptional versatility
Double-gate vehicle access plus separate pedestrian gate
Covered alfresco entertaining area
Single lock-up garage with roller door
Additional off-street parking for multiple vehicles, caravan, trailer or boat
Low-maintenance home in a convenient Midland location close to shops, schools and transport
Offering space where it matters most, modern comforts throughout and the freedom of no strata fees, this is a home that delivers exceptional value without compromise.
For more information or to arrange a viewing, contact Richard Lowenhoff and Laura Savage from Ray White Midland and Hills today.
Listing description written by Richard Lowenhoff, Ray White Midland & Hills — reproduced as published, not verified by Districts.