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
$995,000
Last sold
9 Oct 2025
3
Bedrooms
2
Bathrooms
2
Car spaces
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
$995,000
9 Oct 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
-45.5%
Median sale
Suburb $1,825,000
+1.74 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 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
VICPlanning layers have not been retrieved for this property yet. 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.” 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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
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
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:
Located opposite the green expanses of Braeside Linear Reserve, this contemporary townhouse offers modern design and everyday convenience in an enviable position. Families will value being in the catchment for Keysborough Gardens Primary School and Mordialloc College, with Aspendale Gardens Plaza Shops just a short drive away. Keysborough Golf Club is only a stone’s throw from the front door, while the Nest Cafe, Mornington Peninsula Freeway and nearby transport options provide a lifestyle of comfort and accessibility.
The exterior makes a bold statement with strong rectilinear forms and a contrasting mix of dark brickwork, light render and sleek metal cladding. Large vertically oriented windows draw natural light inside and emphasise height, while the corner position enhances the home’s street presence. The layered composition, asymmetrical facade and compact footprint reflect modern urban design with a focus on functionality and expression.
Inside, the home is light-filled and inviting with high ceilings and an open-plan layout that flows seamlessly across plush carpet and ceramic tiled flooring. Modern LED down lights, roller blinds and reverse cycle air conditioning provide year-round comfort, complemented by NBN connectivity for convenience. The main and second bedrooms, along with the living spaces, feature tinted windows with 98–99% UV protection, maximising natural light while reducing heat and glare.
The kitchen blends practicality with modern style, where 40mm stone benchtops and a breakfast bar provide both workspace and casual dining options. A contemporary tiled splash-back brings texture and contrast, complemented by a 600mm oven with gas burner cooktop, a gourmet range-hood and a dishwasher that together make cooking and cleaning effortless. Storage is well considered with soft close cabinetry and ample space, while a sleek mixer tap adds the finishing touch.
Upstairs, three bedrooms provide comfortable accommodation, each with built-in robes. The master suite includes a walk-in robe and a private ensuite finished with full-height tiles, a semi frameless shower and a stone-top vanity. The main bathroom mirrors this sense of quality with a freestanding tiled hob bathtub, semi frameless shower, stone-top vanity and frameless mirror, all enhanced by elegant mixer tap-ware. A ground-floor powder room and a separate laundry complete the home’s functional design.
A true point of difference is the third floor, a versatile retreat unique within Waterways. Framed by panoramic views, this expansive room can serve as a full home office or study, a children’s playroom, or even a second family living area. The flexibility it offers makes it a standout feature for modern lifestyles.
Outdoors, the home is well designed for easy entertaining with a low-maintenance landscaped courtyard, sunny entertaining area and abundant off-street parking. A secure double carport provides convenience and peace of mind.
Contact us today to arrange a priority inspection.
Property Specifications:
Kitchen with 40mm stone benches, gas cooktop and dishwasher
Open-plan living with high ceilings and reverse cycle AC
Secure double carport and off-street parking
Opposite Braeside Reserve close to arterial roads
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.