Myaree at a glance
3,004
People
$1,427,500
Median sale
$844/wk
Median rent
3.07%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
WA › Myaree › North Lake Rd
For sale
For sale
4
Bedrooms
1
Bathrooms
11
Car spaces
774 m²
Land
Districts View
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Myaree (last 5 years) with land size have a median of $2,171/m² of land (n=40). Districts calculation from recorded sales — not a valuation.
Myaree at a glance
3,004
People
$1,427,500
Median sale
$844/wk
Median rent
3.07%
Suburb gross yield
Median sale from 12 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 774 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 $844/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 774 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
Myaree at a glance
3,004
People
$1,427,500
Median sale
$844/wk
Median rent
3.07%
Suburb gross yield
Median sale from 12 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Empire Residential PropertyEmpire Commercial Property is pleased to present 98 North Lake Road, Myaree For Sale by Expressions of Interest.
Positioned on a generous 774sqm site with excellent exposure to busy North Lake Road, the property presents a versatile opportunity for owner occupiers, investors and developers within the established Myaree commercial precinct.
The property is zoned Residential R40 and benefits from an approved commercial use as a Training Facility & Office, offering a unique combination of established commercial use and underlying residential zoning. The substantial 774sqm landholding also provides potential for future residential redevelopment or subdivision, subject to all relevant approvals.
The existing 128sqm building is currently configured with a reception and waiting area, private office, two main consulting rooms and a further three interconnected rooms to the rear. The property also includes a kitchen, storage room, multiple bathroom facilities, disabled access and substantial on site parking to both the front and rear.
With its prominent location, substantial landholding, approved commercial use and underlying residential zoning, 98 North Lake Road offers considerable flexibility for buyers looking to occupy, invest, develop or secure a well located property for the future.
Key Features:
* 774m² Landholding
* 128m² Existing Building
* Residential R40 Zoning
* Approved Commercial Use, Training Facility & Office
* Development / Subdivision Potential, STCA
* BCA Class 9b with Secondary Class 5
* High Exposure North Lake Road Location
* Flexible Consulting / Office Layout
* 13 On Site Parking Bays
* Disabled Access & Amenities
For further information, please contact the Empire Commercial Sales team on 0400 097 097 or sle@empireproperty.com.au
Listing description written by Anthony Van Der Wielen, Empire Residential Property — reproduced as published, not verified by Districts.