1 Majestic Close, Applecross WA, Australia
Data last updated: 06 Jun 2025
Current Market Valuation
Estimated market value: $5,948,000
Notes: Estimated value last updated April 2024 . When previously a block of land, it was estimated between $3.48M to $4.42M .
Purchase History
July 1997 - $3,200,000
Property Details
Type:
House [2, 4, 13]
Bedrooms:
5
Bathrooms:
4
Land (sqm):
963
Car/Garage:
Unknown (some sources mention '-' for car spaces)
Estimated weekly rent:
$1,870
Estimated rental income based on available property data (last updated June 2, 2025). Estimated rental yield of 1.7% for the property, compared to Applecross average rental yield of 2.4%. Medium confidence in estimate.
Rental vacancy rate:
0.95% (Applecross)
Council rate:
Approximately $2,276 / year (based on comparable property)
Water rate:
Approximately $1,349 / year (based on comparable property)
Strata fee:
N/A (House)
Home and content insurance price:
Unknown (Allianz Home & Contents Insurance mentioned as available)
Zoning Information
LGA:
Melville council [4, 7, 18]
Zoning:
Residential land use
Bushfire:
Not detected
Flood:
Detected (Flood management overlay)
Heritage:
Detected (Heritage overlay)
Potential Developments in the Area
State Government:
Western Australia is experiencing significant population growth (3.1% in 12 months to March 2024), increasing demand for housing .
Extended transition arrangements for building codes are in place to address challenges in the construction industry .
Local Government:
The City of Melville is working on a new Town Planning Scheme 6, with R50 zoning potentially encouraging mixed-use and boutique apartment developments .
Mid and high-rise apartment developments are under construction in the vicinity, particularly within the Canning Bridge Activity Centre in Applecross and Mount Pleasant .
Developers like Finbar and Griffin Group have completed or are undertaking luxury apartment projects in Applecross (e.g., Aurora, Manhattan Residences) .
Location 1 Majestic Close, Applecross WA, Australia
What's Nearby
Education
Health & Medical
Transportation
Matheson Rd Before Kintail Rd - Bus Stop (6 min walk) - Serviced by bus lines 115, 148, 160, 910, 158, 510
Canning Bridge Station - Train (Mandurah Line)
Suburb Performance
Median Price History
Applecross is an affluent riverside suburb, approximately 7 km south of Perth CBD . It is known for its luxury appeal and strong market demand . It's considered a prime location for long-term investment, offering expansive land sizes and modern luxury homes .
May 2024 - May 2025 | $2,800,000 (all houses)
Last 12 months (5-bedroom houses) | $3,950,000
12-Month Growth Insight
House prices in Applecross increased by 34.21% over the past year .
Annual compound growth rate for houses in Applecross is 24.2% , or 22.4% increase in sales over the last year .
Median rent for houses increased by 13.3% over the last 12 months .
Buyer demand for houses increased by 8% in the last 12 months .
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