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
$467,500
Last sold
30 Oct 2021
3
Bedrooms
1
Bathrooms
1
Car spaces
501 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
$467,500
30 Oct 2021 · 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
-59.7%
Median sale
Suburb $1,161,000
+4.37 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 501 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 501 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 Peard Real EstateLight, bright and RENOVATED throughout, this FANTASTIC 3 bedroom 1 bathroom residence ticks all of the boxes when it comes to MODERN LOW-MAINTENANCE living in a wonderful location close to sprawling parklands and the picturesque banks of Lake Joondalup.
The open-plan living and dining area is as sleek as they come, with timber flooring and stylish light fittings combining to deliver a comfortable place to congregate and put your feet up.
Wooden bench tops and impeccable white cabinetry highlight a stunning kitchen that also features quality stainless-steel appliances, including a gas cook top, separate oven and a dishwasher (NEG).
A spacious master bedroom enjoys the luxury of "his and hers" side-by-side built-in wardrobes, as well as semi-ensuite access into a deluxe bathroom that oozes class, boasting a shower and an exquisite feature stone wall.
Two good size further bedrooms with storage.
Outdoors, a massive rear alfresco patio space caters for undercover occasions of any size, with extra backyard decking surrounded by fully-reticulated lawns and gardens, ideal for easy entertaining all year round.
Just minutes from the Joondalup CBD for shopping and all of your everyday amenities, this sublime property is enviably positioned and is as convenient as they come. Hurry, before it's too late!
Other features include, but are not limited to:
501m2 survey strata lot
Air-conditioning to living/dining area
Room for casual meals off the tiled kitchen (with access outdoors)
2nd bedroom has built-in robes
Single lock-up garage
Ample driveway parking with extra parking to front
750m (approx.) to Emerald Park
1.6km (approx.) to Mater Dei College
2.9km (approx.) to Edith Cowan University Joondalup Campus
4.3km (approx.) to Lakeside Joondalup Shopping Centre
1.6km (approx.) to Edgewater Train Station
24.3km (approx.) to Perth CBD
Suit buyers looking to purchase a home in the high $400ks to low $500ks range.
Don't delay call the selling agents today;
TONY MULLEN, TEAM EDGEWATER & PEARD 0402 020 331
Listing description written by Tony Mullen, Peard Real Estate — reproduced as published, not verified by Districts.