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 › Dresden Dr
$1,290,000
Last sold
23 May 2025
3
Bedrooms
2
Bathrooms
2
Car spaces
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
$1,290,000
23 May 2025 · derived via latest_sale
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
-29.3%
Median sale
Suburb $1,825,000
+0.86 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
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 394 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. The listing may look cheap relative to land or the street. 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 394 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?
KnownlowThe listing may look cheap relative to land or the street. 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 VictoriaThe Addressed:
A rare combination of park-front position, resort-inspired entertaining and exceptional family proportions awaits in this stylish double-storey residence set in the sought-after Waterways estate. With direct views across Braeside Linear Reserve and just moments from serene lakeside walking trails, this property also falls within the catchment for Mordialloc College and Keysborough Gardens Primary School. Enjoy swift access to the coast too, with Edithvale Beach just eight minutes away by car.
This contemporary home is defined by its bold, clean-lined architecture and thoughtful floor plan, perfectly suited to family life and year-round entertaining. The striking facade blends rendered finishes with horizontal cladding and dark brickwork for contrast. A double-width matte black garage door and wide entry frame the home’s modern aesthetic, while the low-maintenance landscaping and paved path complete a refined street presence.
Inside, the layout is spacious and versatile, with high square-set ceilings and stunning high gloss porcelain tiles. A wide open-plan living and dining zone wraps around the entertainer’s kitchen, finished with 40mm stone benchtops, SMEG appliances, undermount sink with gooseneck tap. A timber breakfast bar and sleek glass splashback enhance both practicality and style. Sliding doors flow to the huge decked alfresco complete with built-in TV wall, BBQ kitchen and strip heating, ideal for gatherings large or small.
The solar-heated pool with frameless glass fencing is a true showpiece, and the poolside outdoor shower and WC further elevate the experience. The backyard also features external water tanks (one with pump), veggie gardens and neat low-maintenance landscaping.
Accommodation comprises three robed bedrooms upstairs plus a flexible study or fourth bedroom, all serviced by a central rumpus. The oversized master suite is a true retreat with walk-in robe and decadent ensuite offering dual vanities, stone finishes, hob bathtub and oversized shower. Additional bathrooms are equally stylish and well-appointed.
That’s not all - additional features include ducted heating, refrigerated cooling, plantation shutters, recessed LED lighting, an alarm system and a large solar panel system.
Property Highlights:
Three bedrooms plus study area, two bathrooms and powder room
Luxe kitchen with SMEG appliances and walk-in pantry
Expansive deck with built-in BBQ kitchen and solar-heated pool
Zoned heating and cooling, solar panels and water tanks
Opposite Braeside Reserve, 8 mins to Edithvale Beach
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 Jaymee Le, Area Specialist Victoria — reproduced as published, not verified by Districts.