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VIC › Watsonia › Rushworth St

23 Rushworth St, Watsonia VIC 3087

House

$1,200,000

Last sold

15 Feb 2024

3

Bedrooms

2

Bathrooms

3

Car spaces

604 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,200,000 (15 Feb 2024).(Recorded sale)
  • FactLand 604 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Watsonia (last 5 years) with land size: median $1,698/m² of land (n=81). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

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.

See the full Watsonia report →

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 and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Sold$1,200,00015 Feb 2024
  2. Listedprice unknowncompleted5 Feb 2024
  3. Listedprice unknowncompleted5 Feb 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Watsonia in one glance

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.

See the full Watsonia report →

Keep researching

  • Why Watsonia? Read the area thesis →
  • What else is on the market in Watsonia →
  • Other records on Rushworth St →

Listing material

Listed by Morrison Kleeman Estate Agents Eltham Greensborough Doreen

A Beautiful Home, Perfectly Positioned

Expressions 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.

Read the full description

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.

Also look at

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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