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.
WA › Edgewater › Wedgewood Dr
$430,000
Last sold
7 Dec 2022
3
Bedrooms
1
Bathrooms
1
Car spaces
515 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
$430,000
7 Dec 2022 · derived via latest_sale
Local land rate: recorded House sales in Edgewater (last 5 years) with land size have a median of $990/m² of land (n=72). 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
-63.0%
Median sale
Suburb $1,161,000
+5.01 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 515 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 515 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby 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.
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 JoondalupCurrent BID: $430,000. LAST viewing Sunday 11.00-11.45 am, before Final bidding phase on Wednesday, 5th Oct. Must be registered to bid!!! For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment. Open to all buyers, including finance, subject to seller approval.
Need to downsize, looking for your first home, love to do cosmetic renovations- without breaking the bank? Fed up of feeling there's nobody around- it's a hike to get to the shops or the block's been stripped of its vegetation?
Well you've hit the jackpot here.
It may be a bit older but all the rooms have proper windows, no bedrooms with a narrow, conforming, apology for daylight. The block may be a bit bigger but at 515 sqm it has an outside living area, with patio, a spot to grow the veggies, a water feature and drying area and those vitally important trees. You're not in a sterile concrete block, the birds will still come visiting. You can sit out at the front and have a wave or a chat with the friendly neighbours. The back yard has apple trees, orange, plum and olives.
The walk to the local shops is just right for the retired or busy Mums- far enough for exercise not too far to have to get the car out. The bus is easy- the train station -a brisk walk and the delightful Lake Joondalup surrounds all on the flat, wander down at your leisure. The schools found in the suburb have excellent reputations.
About the house: Three bedrooms are a reasonable size. The master has a semi ensuite bathroom with the separate toilet just beyond. The built- in robe space is bigger than average, lending itself to a Bunnings type renovation, the master has roller shutters to the windows.
The bathroom contains a bath and a separate shower, the WC is off the adjacent laundry.
The lounge/dining at the front of the home, with the window to spot the birds feeding and splashing in the bird bath. The solid wood block flooring enhances this space. The dining area is adjacent to the kitchen. The kitchen format is original but has enough space to modernize or extend into the dining area. The kitchen window is directly onto the patio area and gives views into the beaut back yard.With a recent cooker it is fine as is until you decide what you want to do. The family room can be used for meals, sitting or a kid's play area. With access to the outdoors and potential for all year round use just outside the door - wind up that imagination.
The practical parts: there are two sheds and room for a larger shed/workshop. The hot water system is gas instantaneous. There are two split system A/c units, older style. R/Cycle to lounge, sold as seen: bedroom A/C not working. Manual roller blinds to the master bedroom. The peace making, water feature to the rear stays with the home. The enclosed carport can have a second car or a trailer, drive through. The recent security upgrade gives peace of mind.
Edgewater's location is second to none-between the Lake and the Ocean on a hill so you can see both from the suburb. The rail and the freeway run closely, with access up and down the coast via Edgewater Train station and Ocean Reef and Hodges Drive freeway accesses.
The beach is 10 minutes away by car but that gets you out of the immediate "salt zone". Battered windows, birds and plants occur infrequently. Today the water birds will be seeking shelter on the Lake as the gales whip through the beach crowd.
Lakeside shopping centre and all the Joondalup CBD is available by bus, train or a 5-10 minute car ride traffic dependent. Education, hospital, cafes, council activities business centre are all ready and waiting.
• Three bedrooms one semi-ensuite bathroom
• Lounge/ dining with solid timber wood floor, reverse cycle a/c
• Family room with patio access, massive entertainer's patio
• 515 sqm Block. Potential for workshop or trailer.
• Enclosed car port room for 2 cars behind garage door.
• Excellent location -walk to the shops, Regional Park, Lake, bus ,train station
Cycle to Joondalup, ECU, TAFE, Police Academy
Travel out or stay in;
Edgewater has most of the answers you seek for a balanced lifestyle.
Invest or Nest! Opportunity Knocks NOW!
Listing description written by Helen Anderson, Harcourts Alliance Joondalup — reproduced as published, not verified by Districts.