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 › Michigan Ct
$440,000
Last sold
27 Aug 2021
4
Bedrooms
1
Bathrooms
1
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
$440,000
27 Aug 2021 · derived via latest_sale
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
-62.1%
Median sale
Suburb $1,161,000
+4.83 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. 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.
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 Peard Real Estate Property ManagementIf its bang for your buck, value for your dollar or just a cracking home in a great cul-de-sac location put this one top of your list.
It may not be the biggest but we have all heard the saying
"great things come in small packages"
This home has been extensively modernised to a very high standard and would suit an elderly buyer looking for a safe & secure home in a beautiful location or the astute first home buyer.
Its within walking distance of the City of Joondalup, University, great parks and many more great local amenities.
A beautifully presented strata home only one of two in this sought-after location with no strata fees or strata management.
FEATURES
Heaps of off street hard paved parking
Hard paved parking area for caravan or boat
Single carport with storage room
Landscaped front lawned gardens with raised limestone borders
Entrance hallway with added security screen front door
Low maintenance tiled flooring to entrance
Ducted evap AC system and RC AC split system
Ceiling fans throughout with new lighting and decorated in modern neutral colours
Floating flooring to main living/dining and kitchen area
Fully modernised kitchen with stone bench tops, SS appliances, heaps of bench and storage space with breakfast bar feature
Laundry fully modernised with tiled flooring and fitted double storage robes and wall units with patio door to rear entertaining area and laundry area
Main living & meals area has patio doors leading to large rear garden's
4 good size bedrooms, 3 bedrooms have single built-in robes and one has double built-in robes
One bedroom can easily be used as a second lounge or TV room
Linen robe in hallway
Wet room fully modernised bathroom offering large vanity basin unit, shower and quality floor to ceiling tiling
Sep WC
Large rear gardens with raised limestone borders and plenty of lawn for the kids or pets
Side gardens/borders with gated access to front
A great buy for the astute buyer looking for an easy-care lock and leave lifestyle, surrounded by other quality homes with great neighbours.
A lot on offer that will please the pocket but be quick as these gems are becoming rare as buyers snap them up quickly so call the selling agents today;
TONY MULLEN, TEAM EDGEWATER & PEARD GROUP 0402020331
Listing description written by Tony Mullen, Peard Real Estate Property Management — reproduced as published, not verified by Districts.