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WA › Joondalup › Plaistow St

U18, 2 Plaistow St, Joondalup WA 6027

For saleUnit

$620,000–$650,000

For sale

Asking range

2

Bedrooms

2

Bathrooms

2

Car spaces

132 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $620,000–$650,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $620,000–$650,000(Listing record · 20 July 2026)
  • CalculationAsk is 38% below the Joondalup median recorded sale ($1,000,000, n=49, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Joondalup's advertised median rent ($658/wk), implied gross yield would be 5.52% — 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

$620,000–$650,000

Asking range · $4,697/m² of land

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.

See the full Joondalup report →

Vs Joondalup

-38.0%

Median sale

Suburb $1,000,000

+2.10 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.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$620,000
Stamp Duty (Western Australia)
$23,465
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
$647,390

$27,390 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

Based on the low end of the asking range, not a contract price.

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

Net yield
4.02%
Annual cashflow (pre-tax)
$-7,324
Interest cover (DSCR)
0.77
Annual rent
$34,216
Operating expenses
$9,300
Loan amount
$496,000
Annual interest
$32,240
Gross yield
5.52%

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$620,000–$650,000available20 July 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 132 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 $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.

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 5.5%. 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 132 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

Joondalup in one glance

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.

See the full Joondalup report →

Keep researching

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

Listing material

Listed by RE/MAX Extreme Currambine

CONTEMPORARY APARTMENT LIVING IN THE HEART OF JOONDALUP

*Access for the Home Open from Plaistow Street

Discover the perfect blend of comfort, style, and convenience with this beautifully presented second-floor apartment in the highly regarded Niko Court complex. Offering two spacious bedrooms, two bathrooms, and two secure car bays, this low-maintenance home is ideal for first-home buyers, professionals, downsizers, and savvy investors.

Designed with modern living in mind, the apartment features spacious open-plan living and dining area complete with split-system air conditioning, newly installed stunning hybrid flooring to kitchen, and has been freshly painted throughout and new plush carpets installed. The well-appointed gourmet kitchen overlooks the living space and boasts granite benchtops, overhead cabinetry, quality stainless steel appliances, a dishwasher, and ample storage—perfect for everyday living and entertaining.

Read the full description

Step outside onto your private balcony, the ideal place to relax with your morning coffee, entertain friends, or unwind at the end of the day. Both bedrooms are generously sized, with the master enjoying the convenience of its own ensuite. A separate laundry and additional linen storage further enhance the practical layout.

Positioned within a secure complex, the apartment offers intercom entry, access from both the front and rear of the building, the convenience of two secure undercover car bays and 2 storerooms.

Features You'll Love:

- Master bedroom with spacious walk-in robe, and ensuite

- Second bedroom features a mirrored, built in robe and access to the main bathroom

- Newly installed hybrid flooring to kitchen, and new carpets

- Freshy painted throughout

- Spacious open-plan living and dining area

- Split-system air conditioning

- Gourmet kitchen with granite benchtops, overhead cupboards, dishwasher, and stainless-steel appliances

- Private balcony for outdoor relaxation

- Separate laundry with additional linen storage

- Two secure undercover car bays

- Secure complex with intercom entry and front and rear building access

- 2 Storerooms

- Land area 132sqm includes unit, balcony, car bays and storerooms

Offering an unbeatable combination of lifestyle, security, and convenience, this is an opportunity not to be missed. Contact Kathy Moore of Brett White Team to book your viewing.

Listing description written by Brett White, RE/MAX Extreme Currambine — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Ensuites: 1
  • Intercom
  • Living Areas: 1
  • Secure Parking
  • Toilets: 2

Also look at

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  • 1 Portwood Cross, Joondalup WA 6027

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