Albert Park at a glance
1,832
People
$996,000
Median sale
$596/wk
Median rent
3.11%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
SA › Albert Park › Lorne St
$476,000
Last sold
12 Aug 2020
4
Bedrooms
1
Bathrooms
2
Car spaces
456 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
$476,000
12 Aug 2020 · derived via latest_sale
Local land rate: recorded House sales in Albert Park (last 5 years) with land size have a median of $1,625/m² of land (n=26). Districts calculation from recorded sales — not a valuation.
Albert Park at a glance
1,832
People
$996,000
Median sale
$596/wk
Median rent
3.11%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Albert Park
-52.2%
Median sale
Suburb $996,000
+3.40 pp
Gross yield
Suburb 3.11%
Suburb median $996,000 from 17 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
SAPlanning layers have not been retrieved for this property yet. 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. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $596/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. This lot’s own applications are a separate question. 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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Albert Park at a glance
1,832
People
$996,000
Median sale
$596/wk
Median rent
3.11%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Gary J Smith Real Estate PlymptonEnjoying a corner allotment position with multiple living spaces, a flexible floor plan and entertainer's dream alfresco, Lorne Street is sure to surprise.
Three bedrooms offering ceiling fans, split system air conditioners and robes are easily accessible from the entry hall, and serviced by a central bathroom with shower and full size bath.
The spacious U-shaped kitchen with wall oven, gas cooktop, generous storage and breakfast bar overlooking a dining space is neighboured by living spaces on either side, each with split system air conditioners and sliding door access to a most impressive outdoor entertaining area.
Complete with tiling, an enormous pitched roof pergola, wood fire, BBQ on mains gas with range hood, dishwasher and bench space, this is one well-equipped alfresco fit for all seasons.
A generous fourth bedroom or rumpus is a real bonus ready to be utilised as you see fit, while a double garage or work shed with door to the alfresco is accessible from Spad Street.
The details:
- Walk-in robe to master bedroom
- Spacious separate laundry + separate w/c
- Split system air conditioner to bedroom 4/rumpus
- Securely fenced yard with lawn
Within minutes of Hendon Primary School, the Albert Park and Cheltenham Railway Stations, a myriad of Golf Clubs and Westfield West Lakes Shopping Centre, it's a truly convenient location to love less than 20-minutes from the CBD.
A whole lot of floorplan and potential for the price. Be quick for this one.
Listing description written by Craig Smith, Gary J Smith Real Estate Plympton — reproduced as published, not verified by Districts.
Nearby development applications are not loaded. This lot’s own applications are a separate question.
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.