Joondalup at a glance
10,487
People
$1,000,000
Median sale
$658/wk
Median rent
3.42%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
WA › Joondalup › Reid Promenade
$1,100,000
For sale
Asking
5
Bedrooms
3
Bathrooms
4
Car spaces
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
$1,100,000
Asking
No recorded sale for this property.
Joondalup at a glance
10,487
People
$1,000,000
Median sale
$658/wk
Median rent
3.42%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Vs Joondalup
+10.0%
Median sale
Suburb $1,000,000
-0.31 pp
Gross yield
Suburb 3.42%
Suburb median $1,000,000 from 49 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$51,691 on top of the price (4.7% 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 Joondalup'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. 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 $658/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 3.1%. 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.
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
Joondalup at a glance
10,487
People
$1,000,000
Median sale
$658/wk
Median rent
3.42%
Suburb gross yield
Median sale from 49 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First Western Realty JoondalupUnique opportunities like this only rarely come around. Mixed zone commercial and residential
With 4 options available, you can choose which one fits you best!
Boasting dual commercial/residential zoning and nestled merely footsteps away from the heart of the vibrant Joondalup CBD, this unique tri-level property is essentially a low-maintenance townhouse on its top two floors, with the bonus of a versatile commercial space at ground level - be it a shopfront, collaborative setup or simply a home office, for those wanting to work and do business from under their own roof.
So if are you a doctor, lawyer, designer, physio or running a nail salon and looking for the best of both worlds, then this is it - including 290m2 - you find your place to live and work
It also viable investment opportunity where you can lease the spacious premise whilst enjoying separate access to the staircase that leads you up to your own two-storey home up above.
YOUR 4 OPTIONS:
* Live and work from home
or
* Rent commercial and live on 2 top floors
Potential rental income around +$500/week which is $2,000 per month
or
* Rent commercial and residential separately
Potential rental income around +$1,250/week which is $5,000 per month
or
* Rent whole property by rooms to the students!
Potential rental income around +$1,500/week which is $6,000 per month
Superbly located, the City of Joondalup offices are only a block away, as are the Joondalup Hospital, Government buildings and Lakeside Shopping Centre - all just a couple of blocks away. Situated on a leafy accessible street with loads of parking including 500 fully covered bays next door, every base is covered!
Ground Floor
The commercial ground floor comprises a large shopfront of approximately 77 m², ideal for an office with its own reception area, lobby, and large office space. It also includes a bathroom and storage space.
First Floor
The first floor features a residential building with a large, stunning living room, which opens onto a balcony surrounded by trees. From this room, you have access to the kitchen and a separate dining room, which is connected to an outdoor area, perfect for Saturday afternoon BBQ.
Second Floor
The second floor consists of 3 bedrooms, 2 bathrooms, and a family area.
The layout of this building is incredibly versatile - you decide what goes where!
NO STRATA FEES
---The commercial space is tenanted now until 30 September 2026 for $1,752 per month
Close to all amenities - shops, cafes, hospital, library, civic centre, library, offices buildings. Lakeside Joondalup Shopping Centre, together with the train station, buses and Cat bus are a short walk away
Details provided for this property is for information only and should not be taken as a representation in any respect on the part of the vendor or their agent. Prospective clients should make their own enquiries regarding the property or fixtures before entering into any Contract or Lease Agreement. All plans and measurements are approximate and not to scale.
Listing description written by Magda Grek, First Western Realty Joondalup — reproduced as published, not verified by Districts.
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