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WA › Subiaco › Hensman Rd

U10, 23 Hensman Rd, Subiaco WA 6008

For saleApartment

$500,000

For sale

Asking

1

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $500,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $500,000(Listing record · 20 Aug 2026)
  • CalculationAsk is 76% below the Subiaco median recorded sale ($2,070,000, n=45, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Subiaco's advertised median rent ($673/wk), implied gross yield would be 7.00% — 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

$500,000

Asking

No recorded sale for this property.

Subiaco at a glance

11,701

People

$2,070,000

Median sale

$673/wk

Median rent

1.69%

Suburb gross yield

Median sale from 45 recorded sales (last 12 months) — a Districts calculation.

See the full Subiaco report →

Vs Subiaco

-75.8%

Median sale

Suburb $2,070,000

+5.31 pp

Gross yield

Suburb 1.69%

Suburb median $2,070,000 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$500,000
Stamp Duty (Western Australia)
$17,765
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
$521,690

$21,690 on top of the price (4.3% 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 Subiaco's advertised median rent — not a rent for this listing.

Net yield
5.50%
Annual cashflow (pre-tax)
$1,496
Interest cover (DSCR)
1.06
Annual rent
$34,996
Operating expenses
$7,500
Loan amount
$400,000
Annual interest
$26,000
Gross yield
7.00%

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$500,000available20 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. 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 $673/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 7.0%. 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.

  • 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

Subiaco in one glance

Subiaco at a glance

11,701

People

$2,070,000

Median sale

$673/wk

Median rent

1.69%

Suburb gross yield

Median sale from 45 recorded sales (last 12 months) — a Districts calculation.

See the full Subiaco report →

Keep researching

  • Why Subiaco? Read the area thesis →
  • What else is on the market in Subiaco →
  • Other records on Hensman Rd →

Listing material

Listed by Haiven Property Central

Footsteps from the good stuff!

ATTN: Entry to the complex for the home open is via the gate on Bagot Road.

Right in the thick of the action yet safely tucked behind secure gates, this stylish apartment serves up easy urban living with a seriously convenient side order. Light and inviting open plan living keeps things splendidly social inside, while a lovely balcony gives you the perfect excuse to take morning coffees, after work wines and a little people watching outdoors. Allocated parking means there’s no nightly game of “find a bay”, while your own storage space keeps the clutter out of sight — where it belongs. Lock up, head out and enjoy having the best of the neighbourhood virtually at your fingertips. Your car may start wondering why you bought it!

THE HOME

Read the full description

1 bedroom

1 bathroom

Kitchen / dining / living

European style laundry

1 wc

FEATURES

Secure gated complex

Audio intercom system

Low maintenance timber look flooring

Cleverly concealed European style laundry, behind folding doors

Spacious and light filled open plan kitchen, dining and living area

Sleek granite bench tops in the kitchen

Double sinks

Range hood

Gas cooktop

Under bench oven

Full height double door storage pantry

Folding doors leading into a separate bedroom suite with split system air conditioning and two sets of full height double mirrored sliding door built in wardrobes

Fully tiled ensuite bathroom with a shower, wc, stone vanity basin and under bench storage cupboards

OUTSIDE FEATURES

Under cover back balcony for protected entertaining, benefitting from a splendid treetop vista

Large paved common courtyard with access to your own private allocated storeroom

PARKING

Designated secure single car bay

Ample street parking for guests and visitors, in the surrounding streets

LOCATION

Lock up, head out and let the location do the rest, with almost every daily essential sitting just footsteps from your front door — bus stops, medical facilities, cafés and restaurants included. The beautiful Subiaco Theatre Gardens provides a stunning green escape directly across the road, while buzzing bars, stylish boutiques, Daglish and Subiaco Train Stations and the shopping convenience of Subiaco Square are all fantastically close by. Morning coffee, dinner and drinks, a parkland wander or an easy commute — take your pick, because life here is designed to happen on foot.

TITLE DETAILS

Lot 10 on Strata Plan 44630

Volume 2548 Folio 790

STRATA INFORMATION

41 sq. metres internally

6 sq. metres balcony

13 sq. metres car bay

5 sq. metres storeroom

65 sq. metres in total

18 apartments to the total

ESTIMATED RENTAL RETURN

$600 per week

OUTGOINGS

City of Subiaco: $1,897.63 / annum 26/27

Water Corporation: $1,141.20 / annum 26/27

Strata Levy: $532.59 / quarter

Reserve Levy: $168.42 / quarter

Total Strata Levies: $701.01 / quarter

Disclaimer: Whilst every care has been taken in the preparation of the marketing for this property, accuracy cannot be guaranteed. Prospective buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Seller or the Seller’s Agent and are expressly excluded from any contract.

Listing description written by Clare Nation, Haiven Property Central — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Secure Parking
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.