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WA › Kensington › Brandon St

U1, 38 Brandon St, Kensington WA 6151

For saleApartment

$980,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

172 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $980,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $980,000(Listing record · 7 Aug 2026)
  • CalculationAsk is 42% below the Kensington median recorded sale ($1,687,500, n=24, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Kensington's advertised median rent ($712/wk), implied gross yield would be 3.78% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

$980,000

Asking · $5,698/m² of land

No recorded sale for this property.

Kensington at a glance

5,029

People

$1,687,500

Median sale

$712/wk

Median rent

2.19%

Suburb gross yield

Median sale from 24 recorded sales (last 12 months) — a Districts calculation.

See the full Kensington report →

Vs Kensington

-41.9%

Median sale

Suburb $1,687,500

+1.59 pp

Gross yield

Suburb 2.19%

Suburb median $1,687,500 from 24 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$980,000
Stamp Duty (Western Australia)
$41,586
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
$1,025,511

$45,511 on top of the price (4.6% 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 Kensington's advertised median rent — not a rent for this listing.

Net yield
2.28%
Annual cashflow (pre-tax)
$-28,636
Interest cover (DSCR)
0.44
Annual rent
$37,024
Operating expenses
$14,700
Loan amount
$784,000
Annual interest
$50,960
Gross yield
3.78%

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$980,000available7 Aug 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 172 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 $712/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 3.8%. 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

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 172 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

Kensington in one glance

Kensington at a glance

5,029

People

$1,687,500

Median sale

$712/wk

Median rent

2.19%

Suburb gross yield

Median sale from 24 recorded sales (last 12 months) — a Districts calculation.

See the full Kensington report →

Keep researching

  • Why Kensington? Read the area thesis →
  • What else is on the market in Kensington →
  • Other records on Brandon St →

Listing material

Listed by The Agency Perth

Easy Living in a Great Kensington Location

Set in a convenient pocket of Kensington, this well-presented three-bedroom, two-bathroom apartment offers comfortable living with a practical layout and a low-maintenance lifestyle.

The open plan living, dining and kitchen area is light and spacious, with bi-fold doors opening onto a private north-facing courtyard, creating a great space to relax or entertain.

The kitchen includes a dishwasher, oven, cooktop, pantry and breakfast bar with plenty of bench space for everyday living.

Read the full description

The main bedroom is positioned at the front of the apartment and features a built-in robe, split system air conditioning and its own ensuite. The two remaining bedrooms also include built-in robes and split system air conditioning, while the second bathroom can be accessed from both the hallway and the second bedroom.

The complex has recently been repainted, giving it a fresh appearance. The strata company is also in a strong financial position with healthy funds available, providing added confidence for future owners.

Located just minutes from the South Perth Foreshore, Little Banksia Café, George Street's cafés and shops, quality schools and the Perth CBD, everything you need is close by.

Features

-Three bedrooms with built-in robes

-Two bathrooms

-Open plan living and dining

-Modern kitchen with breakfast bar, dishwasher and pantry

-Private north-facing courtyard

-Vergola outdoor entertaining area

-Split system air conditioning throughout

-Hidden laundry

-Good storage throughout

-Single lock-up garage

-Built in 2007

Property Information

Bedrooms | 3

Bathrooms | 2

Car Spaces | 1

Land Size | 172m²

Internal Floor Area | 104m²

Outgoings (Approx.)

Council Rates | $2,600 per annum

Water Rates | Included in strata levies

Strata Levies | Proposed reduction following the upcoming AGM, to $1,404.43 subject to approval)

Exclusive Listing Agent

Brian McAllister Properties In conjunction with The Agency WA

Brian McAllister

0418 896 354

Thinking of Selling?

If you'd like to know what's happening in your suburb or what your property could be worth in today's market, contact Brian McAllister for an obligation-free property appraisal.

Disclaimer: Some images have been digitally enhanced and/or virtually staged for marketing purposes. The property's presentation, furnishings and appearance may differ from what is seen during an in-person inspection or home open.

Disclaimer:

This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.

Listing description written by Brian McAllister, The Agency Perth — reproduced as published, not verified by Districts.

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Districts

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

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