Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
VIC › Waterways › The Boardwalk
$2,061,000
Last sold
20 Sept 2025
5
Bedrooms
3
Bathrooms
2
Car spaces
680 m²
Land
Districts View
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
$2,061,000
20 Sept 2025 · derived via latest_sale
Local land rate: recorded House sales in Waterways (last 5 years) with land size have a median of $2,888/m² of land (n=20). Districts calculation from recorded sales — not a valuation.
Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Waterways
+12.9%
Median sale
Suburb $1,825,000
-0.24 pp
Gross yield
Suburb 2.09%
Suburb median $1,825,000 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 5
NRZ5
Jurisdiction
Kingston (Vic.)
Kingston (Vic.), VIC
Official property report
The original government planning document for this property. Sign in to view or download the PDF. Districts facts are a separate GIS extract and may not include every statement in the report.
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
VICZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 5 · NRZ5 (ZN). Official parcel area about 681 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 681 m² — land size can look like optionality. What reduces it: INCORPORATED PLAN OVERLAY - SCHEDULE 2; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 6. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $732/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. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 5 · NRZ5 (ZN). Official parcel area about 681 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
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?
KnownlowOfficial parcel about 681 m² — land size can look like optionality. What reduces it: INCORPORATED PLAN OVERLAY - SCHEDULE 2; DESIGN AND DEVELOPMENT OVERLAY - SCHEDULE 6. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist VictoriaIts Addressed:
A homage to harmonious comfort and quiet indulgence, this sublime entertainer gazes out to picturesque Waterways Lake, creating an oasis of calm for buyers who value space, serenity and sophistication.
Commanding attention with its contemporary facade, picture windows and prominent portico, the property rests on a substantial 680sqm (approx.) corner block, framed by impeccable landscaping and an exposed aggregate driveway.
The pristine interiors beckon with soaring ceilings and high-end inclusions, revealing an expansive floorplan that accommodates every member of the family with ease.
Beyond the grand foyer, the cosy front lounge/office complements the impressive formal dining room, while the relaxed family/meal zone rests alongside the expansive rear rumpus to ensure versatility for a growing household.
Promoting a seamless indoor-outdoor lifestyle, the glorious entertainers’ domain is accessed via dual sliding doors, showcasing a screened alfresco with a full outdoor kitchen and a magnificent solar-heated swimming pool with an adjacent spa.
Anchoring the home with style and functionality, the main kitchen excels with its ergonomic design and premium Miele appliances, providing ample storage that is further enhanced by a spacious walk-in pantry.
Great for accommodating visitors or elderly relatives, a private guest bedroom also resides on the entry level, complete with a sizeable walk-in wardrobe and access to a neat two-way bathroom.
The upper floor is reached via a winding wrought-iron staircase, revealing four additional bedrooms, a flexible retreat and immaculate family bathroom plus a spectacular north-facing balcony that delivers soothing water views.
Especially notable, the oversized lake-facing master is the perfect place to start and end the day, whether unwinding by the window, admiring the large walk-in wardrobe or soaking in the dual vanity ensuite’s spa bath.
Highlighting the home’s dedication to luxury, comfort and efficiency, finishing touches include ducted heating and refrigerated cooling, high-gloss tiles and sumptuous plush carpet, chic plantation shutters, feature curved walls and mirrored robes.
There’s also a cosy fireplace, a grand double-door entrance and downstairs powder room plus a remote double garage, three water tanks and an alarm system.
Great for nature enthusiasts and convenience seekers, the property is surrounded by waterside reserves, playgrounds and walking trails, while close to Nest at Waterways Cafe.
It’s moments from Aspendale Gardens Primary School, Mordialloc College and a selection of elite private schools, including Haileybury and Lighthouse Christian College, plus there’s access to nearby shopping hubs, golf clubs, bayside beaches and major roads.
Enveloped in an aura of refinement, this cherished family sanctuary awaits its next chapter in an unbeatable waterfront location. Explore the possibilities on offer by contacting us today for a priority inspection.
Property specifications
Multiple living/dining zones, five robed bedrooms, three bathrooms
Miele electric oven, 900mm gas cooktop, dishwasher and microwave
High ceilings, heating and cooling, fitted laundry, feature gas fireplace
Intercom entry, powder room, ceiling fans, under stairs storage
Entertainers’ alfresco with electric blinds, patio, easy-care backyard
Solar-heated pool and spa, built-in natural gas barbecue, storage sheds
For more Real Estate in Waterways, contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Listing description written by Linna Wu, Area Specialist Victoria — reproduced as published, not verified by Districts.
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