Watsonia at a glance
5,645
People
$987,500
Median sale
$540/wk
Median rent
2.84%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
VIC › Watsonia › Rushworth St
$1,200,000
Last sold
15 Feb 2024
3
Bedrooms
2
Bathrooms
3
Car spaces
604 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
$1,200,000
15 Feb 2024 · derived via latest_sale
Local land rate: recorded House sales in Watsonia (last 5 years) with land size have a median of $1,698/m² of land (n=81). Districts calculation from recorded sales — not a valuation.
Watsonia at a glance
5,645
People
$987,500
Median sale
$540/wk
Median rent
2.84%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
Vs Watsonia
+21.5%
Median sale
Suburb $987,500
-0.50 pp
Gross yield
Suburb 2.84%
Suburb median $987,500 from 20 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 $540/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
Watsonia at a glance
5,645
People
$987,500
Median sale
$540/wk
Median rent
2.84%
Suburb gross yield
Median sale from 20 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Morrison Kleeman Estate Agents Eltham Greensborough DoreenExpressions of Interest – Offers closing Tuesday 5th March at 5.00pm (unless sold prior).
SOLD BY Morrison Kleeman. Sitting pretty behind a picket fence and established hedging, this beautifully renewed family home has it all – space, style, and position.
Wonderfully located in the burgeoning suburb of Watsonia, this home is hidden away between parklands, sporting grounds & schools, and a delightful shopping village & train station – everything is just a gentle walk away, yet quiet and privacy is fiercely maintained.
Behind the gates there’s room for multiple cars – and that’s before you get to the uniquely large and wonderfully versatile garage. More on that later.
The home has undergone a meticulous renovation. Under the careful watch of master craftsmen, the original formal lounge has transformed into a decadent master suite. By retaining the architraves, ceiling rose and original fireplace with gorgeous hearth, there’s a sense of history that is juxtaposed with a truly wonderful, modern private bathroom and dressing room. It’s immediately obvious no expense was spared in creating the ensuite with stunning designer tiles, freestanding bath and built in cabinetry.
The family bedrooms have received similar treatment – dressed in an understated yet luxurious décor, expect ceiling fans, split systems, new carpets, and window furnishings, all serviced by another indulgent bathroom.
Move through to the living space and you’ll be immersed in the northerly sunlight that flows over the enormous outdoor living precinct and into the heart of the home.
Anchored by a fabulously functional kitchen, the large living space is warm and cosy, yet vast and versatile. With split system cooling (in addition to gas ducted heating), it opens up via a pair of French doors out on to the decked area and through to the lush green lawn.
It’s there the garage comes into play. It’s long and has rear access to securely park a trailer – and also boasts some brilliant barn doors that open directly onto the lawn, creating an enviable space ideal for parties. It generates a seamless flow between the house, the deck, the garden and the garage. Or, if parties aren’t your thing, consider a teenage retreat, guest quarters, a man cave – with minimal interventions, it’s a space easily transformed (STCA).
It's hard to find fault here – a home that has been methodically modernised yet crafted in a way that gives a nod to its history. Its location is about as good as it gets, and importantly, it represents incredible value in a market that rarely does.
Listing description written by Lucas Peressini, Morrison Kleeman Estate Agents Eltham Greensborough Doreen — reproduced as published, not verified by Districts.
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