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WA › Nickol › Leonard Way

8 Leonard Way, Nickol WA 6714

For saleHouse for Sale

$675,000

For sale

Asking

3

Bedrooms

1

Bathrooms

2

Car spaces

705 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $675,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $675,000(Listing record · 2 June 2026)
  • CalculationLand 705 m² against a 116 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 10% below the Nickol median recorded sale ($747,500, n=68, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Nickol's advertised median rent ($1,000/wk), implied gross yield would be 7.70% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$675,000

Asking · $957/m² of land

No recorded sale for this property.

Nickol at a glance

5,537

People

$747,500

Median sale

$1,000/wk

Median rent

6.96%

Suburb gross yield

Median sale from 68 recorded sales (last 12 months) — a Districts calculation.

See the full Nickol report →

Vs Nickol

-9.7%

Median sale

Suburb $747,500

+0.74 pp

Gross yield

Suburb 6.96%

Suburb median $747,500 from 68 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$675,000
Stamp Duty (Western Australia)
$26,078
Transfer/Registration Fee
$225
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$705,003

$30,003 on top of the price (4.4% extra)

  • Stamp Duty (Western Australia)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Nickol's advertised median rent — not a rent for this listing.

Net yield
6.20%
Annual cashflow (pre-tax)
$6,775
Interest cover (DSCR)
1.19
Annual rent
$52,000
Operating expenses
$10,125
Loan amount
$540,000
Annual interest
$35,100
Gross yield
7.70%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$675,000available2 June 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

WA

Why this lot, not just this suburb

Why could this property outperform?

WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 705 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $1,000/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 7.7%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    WA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 705 m² — that is not official geometry.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Nickol in one glance

Nickol at a glance

5,537

People

$747,500

Median sale

$1,000/wk

Median rent

6.96%

Suburb gross yield

Median sale from 68 recorded sales (last 12 months) — a Districts calculation.

See the full Nickol report →

Keep researching

  • Why Nickol? Read the area thesis →
  • What else is on the market in Nickol →
  • Other records on Leonard Way →

Listing material

Listed by Realmark Karratha

Family Living with a Huge Shed in the Heart of Nickol

What to love

Tucked away in beautiful Nickol on a generous 705sqm block, 8 Leonard Way is the kind of home that instantly makes an impression. From the lush manicured hedges and vibrant green lawns to the expansive backyard and massive shed, this property perfectly blends family comfort with practical Pilbara living.

The front of the home offers a wonderful sense of privacy thanks to the established hedging, while the double carport and handy side access provide fantastic convenience for storing a boat, caravan or trailer.

Read the full description

Step inside and you're greeted by gleaming polished white tiles, recessed lighting and a fresh, light-filled interior that feels both stylish and welcoming. The spacious lounge flows effortlessly into the open plan kitchen, dining and living area where the island bench becomes the perfect gathering place for family and friends. The added bonuses are the great sized oven with rangehood, dishwasher, corner pantry and stylish cabinetry in a combination of cupboards and drawers. Split system air conditioning throughout keeps the home cool and comfortable year-round.

All bedrooms are generously sized and designed for comfort, complete with soft carpeting, ceiling fans, air conditioning and built-in wardrobes. The master suite enjoys the added luxury of a sizeable walk-in robe, creating the perfect private retreat at the end of the day.

Outside is where this property truly comes into its own. The long, shaded patio and gabled alfresco creates an incredible entertaining space for weekend BBQs, relaxed outdoor dinners and gatherings with friends, while the expansive lawn area gives children and pets endless room to play. A mature mango tree adds a tropical touch to the backyard, and the huge shed offers exceptional storage or workshop space with easy access straight down the side of the home.

Positioned close to Tambrey Shopping Village, schools, daycare centre and local parks, this is a fantastic opportunity to secure a spacious and beautifully presented family home in one of Nickol's most sought-after locations.

What to know

To be sold by Openn Negotiation, a flexible term on-line Auction. The bidding has started, and the property may sell at any time.

Fixed term lease in place to 19 August 2026 @ $1000/week

Who to talk to

For more information about the property and the on-line Auction process, contact Jordan James on 0458 193 869 or Casey Dwyer on 0459 951 337.

Listing description written by Jordan James, Realmark Karratha — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Fully Fenced
  • Outdoor Entertaining
  • Secure Parking
  • Shed
  • Toilets: 1
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.