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WA › Serpentine › South Western Hwy

U6, 2489 South Western Hwy, Serpentine WA 6125

For saleVilla

$399,000

For sale

Asking

3

Bedrooms

1

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $399,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $399,000(Listing record · 28 Aug 2026)
  • CalculationAsk is 71% below the Serpentine median recorded sale ($1,381,000, n=30, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Serpentine's advertised median rent ($629/wk), implied gross yield would be 8.20% — 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

$399,000

Asking

No recorded sale for this property.

Serpentine at a glance

3,315

People

$1,381,000

Median sale

$629/wk

Median rent

2.37%

Suburb gross yield

Median sale from 30 recorded sales (last 12 months) — a Districts calculation.

See the full Serpentine report →

Vs Serpentine

-71.1%

Median sale

Suburb $1,381,000

+5.83 pp

Gross yield

Suburb 2.37%

Suburb median $1,381,000 from 30 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$399,000
Stamp Duty (Western Australia)
$12,968
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
$415,893

$16,893 on top of the price (4.2% 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 Serpentine's advertised median rent — not a rent for this listing.

Net yield
6.70%
Annual cashflow (pre-tax)
$5,975
Interest cover (DSCR)
1.29
Annual rent
$32,708
Operating expenses
$5,985
Loan amount
$319,200
Annual interest
$20,748
Gross yield
8.20%

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$399,000available28 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 $629/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 8.2%. 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

Serpentine in one glance

Serpentine at a glance

3,315

People

$1,381,000

Median sale

$629/wk

Median rent

2.37%

Suburb gross yield

Median sale from 30 recorded sales (last 12 months) — a Districts calculation.

See the full Serpentine report →

Keep researching

  • Why Serpentine? Read the area thesis →
  • What else is on the market in Serpentine →
  • Other records on South Western Hwy →

Listing material

Listed by The Mathews Group Real Estate

A Beautiful Place to Call Home in Serpentine’s Over 55s Community!

The Mathews Group proudly presents 6/2489 South Western Highway, Serpentine to the market. If you have been looking for a beautifully presented home where you can enjoy a peaceful country lifestyle, while still having access to the amenities and conveniences you need, this could be the one for you. Located within a welcoming over 55s lifestyle village, this lovely three bedroom, one bathroom home offers comfortable living in a quiet and relaxed setting. Serpentine is the perfect place to escape the hustle and bustle, with its beautiful surroundings and country atmosphere, while still being within easy reach of shops, services and everything you need day to day. The home itself has been lovingly cared for by the current owners and presents beautifully throughout. The open plan living area is spacious and inviting, with high ceilings adding to the sense of space and creating a light and airy feel. The kitchen has been tastefully renovated and is a real highlight, featuring quality stone benchtops, plenty of preparation space and excellent storage. All three bedrooms are well sized, while the bathroom and laundry are both neat, tidy and well maintained. Comfort is well catered for with air conditioning and ceiling fans throughout the home. Outside, you have some lovely spaces to enjoy. The decked area is perfect for sitting down with your morning coffee, enjoying an afternoon drink or simply relaxing and taking in the peaceful surroundings. There is also an undercover patio area which provides a versatile space for gardening, entertaining, relaxing or whatever you choose to make of it. There is plenty of storage available too, with a dedicated storeroom and garden shed, while the undercover carport provides parking for two vehicles.

Enjoy the Village Lifestyle

The lifestyle on offer within the village is another fantastic feature of this property. Residents can enjoy a great selection of shared facilities designed to make everyday life more enjoyable, social and active. A heated outdoor swimming pool provides the perfect place to cool off, relax or enjoy a swim, while the poolside area offers somewhere to unwind and soak up the sunshine. The clubhouse is a great central space for residents to come together, with facilities including a residents’ lounge, library, kitchen, pool table, piano and large screen television. There is also an active community atmosphere, with regular social activities, events and gatherings providing plenty of opportunities to meet neighbours and enjoy everything village life has to offer. For residents who need additional storage, secure areas are available for boats, caravans and trailers, subject to availability.

Read the full description

With a beautifully maintained home, renovated kitchen, spacious living, enjoyable outdoor areas and access to a fantastic range of village facilities, this is an excellent opportunity to enjoy a more relaxed way of life in the beautiful surrounds of Serpentine. We look forward to welcoming you through this wonderful home.

Listing description written by Ben Mathews, The Mathews Group Real Estate — reproduced as published, not verified by Districts.

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

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