Edgewater at a glance
5,238
People
$1,161,000
Median sale
$658/wk
Median rent
2.95%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
$610,000
Last sold
3 Feb 2021
5
Bedrooms
2
Bathrooms
2
Car spaces
759 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Last sold
$610,000
3 Feb 2021 · derived via latest_sale
Local land rate: recorded House sales in Edgewater (last 5 years) with land size have a median of $983/m² of land (n=73). Districts calculation from recorded sales — not a valuation.
Edgewater at a glance
5,238
People
$1,161,000
Median sale
$658/wk
Median rent
2.95%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Edgewater
-47.5%
Median sale
Suburb $1,161,000
+2.66 pp
Gross yield
Suburb 2.95%
Suburb median $1,161,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 759 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.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
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.”
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
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
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 759 m² — that is not official geometry.
Nearby development pipeline
Area
Edgewater at a glance
5,238
People
$1,161,000
Median sale
$658/wk
Median rent
2.95%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Alliance JoondalupCalling all property investors- new listings about to come on the market with great tenants on established leases. Email me to be included on my Vip list. For owner occupiers- register prior to Xmas to be first in line for post Xmas sales and new year bonanza.
Set on a 759sqm corner block, this 5x2 home could be described as invisible. A side gate trips up to the front door from St Clair circle whilst the Heron Close elevation is discreetly hidden by the massive double garage. Do not allow yourself to judge the book by its cover. Step inside and discover the delights!
The home is hidden from the gaze of most, being currently let to a super family until the end of May 2021. They love living here- so keen to stay, the brilliant land lords have agreed to market to investors as a priority. So here goes- lucky you.
This 5 bedroomed home with a delightful entertaining area and well located pool is a credit to both tenants and owners. The original 4 bedrooms are located on the south side, with the 2 bathrooms. The 5th bedroom is located on the north side of the home, close to the picket gate. A substantial area of the floor plan, it could potentially be converted to a study/office / work from home with visiting customers. Outside access could be enabled so there is no disturbance to the 'house'.
Living rooms: The light, bright, lounge /dining has windows to the entertaining area and the garden. The parquet flooring, such a grand feature of the home is very evident here. The family room has extensive windows, with superb shutters which give character to the room. The family room is integral with the kitchen, the latter having had a refurbishment since the home was built in 1988. The family room has entertainers' patio access and 'DRUMROLL' the special place: winter and summer- plonk yourself by the pool you'll know that you are living in Edgewater! Birds over- head, leafy vistas- (keep fighting to retain the bush feel through our suburbs! ) Lots of walks to be had- travel under the trees to Joondalup centre by foot or by cycle, sunset reflections on the lake, picnics- looking after our endangered species, and avoid the roos on a late trip home. WOW!!!!!!
Now the boring bit:
The current owners added the massive garage, which houses a substantial store room. One of the biggest garages in the whole of Edgewater. The whole extension is approx. 60 sqm.
Electric is generated by solar panels, evaporative A/C, ducted plus RCYC to the 5th bedroom. Gas hot water system. Veggie garden squares to the rear garden, given a boost, by the WATER BORE ; complete your super savers home.
10 minutes in the car to: Mullaloo Beach: Joondalup City - includes major Uni, ECU ; Hospital, Joondalup Health Campus, TAFE , Police College; Lakeside shopping Centre; regional Yellagonga Park ; Lake Joondalup;
Walk to the train station, Edgewater, Uni, CAT bus, Lake- an ideal tenant situation- lots of work in the area and tenants can be settled for the longer term, until they decide to buy their own house.
Positive gearing a possibility.
Listing description written by Helen Anderson, Harcourts Alliance Joondalup — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.