Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
QLD › Westlake › Horizon Dr
$740,000
Last sold
1 Oct 2020
3
Bedrooms
3
Bathrooms
2
Car spaces
497 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
$740,000
1 Oct 2020 · derived via latest_sale
Local land rate: recorded House sales in Westlake (last 5 years) with land size have a median of $1,747/m² of land (n=138). Districts calculation from recorded sales — not a valuation.
Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs Westlake
-55.2%
Median sale
Suburb $1,650,444
+2.97 pp
Gross yield
Suburb 2.41%
Suburb median $1,650,444 from 16 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.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning 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.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $766/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. This lot’s own applications are a separate question. 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
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
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
Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Selling HomesLiving in a home with panoramic water views is something many owners aspire to, but very rarely does such a unique property, that is so close to the water, become available.
Perfectly positioned, this property rates amongst the best of its kind and comes with a 22-metre water frontage and 180-degree views across the open water.
With spectacular views from nearly every window, this property makes you feel like you really are living right on top of the water. Not just positioned on a desirable part of the lake, with an open water aspect and good privacy at both the back and front of the home, this property also has very easy access to the water’s edge, across a gently sloping lawn, that makes an ideal play area for the kids, grand children and pets.
Light and bright throughout, this compact (3/4 bedroom + 3 bathroom) home, is ideal for the professional couple looking for that unique point of difference none of their friends have, or, for those wanting to downsize to a smaller home, that comes with a decent lot size (497m2) and the added benefit of secure complex living, with onsite tennis court, BBQ and swimming pool facilities.
The downstairs floorplan includes tiled floors throughout, with sliding door access to a large deck and private patio areas. These combine to give the home seamless indoor/outdoor connectivity and provide an ideal location for entertaining and enjoying the beautiful waterfront backdrop and abundant birdlife, which are metres away. Also, on the ground level, is a laundry and internal access to the double lock up garage and adjoining courtyard.
The open-plan kitchen is spacious and has been upgraded to a high standard. Features include stone benchtops, white cabinets, soft-close drawers, Miele dishwasher, integrated microwave, Smeg oven, ceramic cooktop, ducted exhaust fan and double fridge recess, with plumbing for ice and water.
At the end of the downstairs hallway is what was originally a 4th bedroom. This space is currently used as a TV lounge and home office but could be transformed into private guest accommodation for the occasional visitor or used as a segregated wing for longer stays by family members.
The upstairs floorplan consists of 3 double bedrooms and 2 full bathrooms. The front bedrooms both have water views and the back bedroom has its own vista of mature leafy green trees, which provide an additional sense of privacy and tranquility.
Main Features:
- North facing
- Uninterrupted panoramic water views
- A true feeling of living right on the water
- Private setting at front and back of the home
- Sizeable lakeside lawn - (ideal play area for children and pets)
- Double lock-up garage
- Paved courtyard storage area, with inter-leading access to double garage
- Security window screens and sliding doors (downstairs)
- Air-conditioning throughout
- Automatic window blinds (lounge and dining)
- Clean, neutral colour palette - (plenty of opportunity to add your own personal touch)
- Contemporary tile across entire ground floor
- Separate laundry
- Updated kitchen with open servery access to deck and patio
- Lounge/Dining with seamless connectivity to extensive outdoor entertaining areas
- Easy access to the private lake, offering birdlife, fishing, and boating activities
- Low maintenance, landscaped gardens
Bedrooms:
- 3 x bedrooms with BIR’s and overhead fans (upstairs)
- 4th bedroom - TV lounge/study, or dedicated guest suite (downstairs)
Bathrooms:
- 2 x full bathrooms - main ensuite - each with shower and bathtub (upstairs)
- 1 x bathroom - with shower (downstairs)
If you are that discerning buyer who is genuinely looking for a compact, private, unique home, with outdoor entertaining space and great water views, then this really is a must-see property for you.
Updated, but with opportunity to introduce your own improvements and personal touch in future, this property really does give you all the flexibility you need, to make it your forever dream home.
Undoubtedly one of the best in its category, now is the time to act quickly to secure your own piece of waterfront paradise.
Property Code: 230
Listing description written by Lisa Terare, Selling Homes — reproduced as published, not verified by Districts.