Waverley at a glance
4,393
People
$3,300,000
Median sale
$981/wk
Median rent
1.55%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
NSW › Waverley › Macpherson St
For sale
For sale
15
Bedrooms
15
Bathrooms
0
Car spaces
893 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
Asking
No recorded sale price for this property yet.
Waverley at a glance
4,393
People
$3,300,000
Median sale
$981/wk
Median rent
1.55%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
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
NSWPlanning 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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $981/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Waverley at a glance
4,393
People
$3,300,000
Median sale
$981/wk
Median rent
1.55%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Christie's International Real Estate NSWOpportunities like this are measured in decades, not years. An entire full-brick block of 15 oversized 1-bedroom apartments, each with a sunroom (approx 51-53m² each), in the blue-ribbon pocket where Waverley meets the Bronte border. A location that can't be replicated. Building approx 1046m2 and Land Approx 893m2. Zoned R3.
The eastern beaches are geographically finite and famously tightly held. Whole blocks this close to the sand are rarely offered and seldom recur - when they do. This can be the stock the area simply can't supply. Everyone wants to live in this location and it will continue to be the most sought-after pocket of Australia.
This area is essentially built out. Brand-new, individually titled apartments drip onto the market here - and yet local demand for them is relentless, particularly from downsizers who want to stay in the neighbourhood they love but can't find modern, high-end, low-maintenance stock to buy. That gap is the opportunity.
Strata, reposition & sell down. With generously proportioned apartments to work with, there is genuine scope (STCA) to reconfigure and elevate each residence into a luxury 1-bedroom-plus-study or 2-bedroom apartment, introduce private decks for relaxed indoor-outdoor coastal living, and strata-title each for individual sale. Add a lift. The result: scarce, brand-new beachside apartments released into a premium owner-occupier market that has almost nowhere else to go.
Individually titled luxury apartments offered to this market are often keenly sought after, with real potential to add value through a considered repositioning and staged sell-down (subject to market conditions, costs and approvals).
Hold the block intact for stable, low-vacancy beachside income, there is scope for substantial rental increases. Renovate and elevate the rents to the top tier. This area can sustain high rent prices and with rental stock diminishing, rents will likely continue to climb.
Irreplaceable position, scarce by every measure, and multiple paths to value. Blocks like this define a beachside portfolio for a generation.
Disclaimer: All information has been gathered from sources we believe to be reliable; however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries. All measurements and areas are approximate. Any reference to reconfiguration, decks, strata subdivision or development is subject to council and relevant authority approval (STCA) and is not a representation that any approval will be granted. Nothing in this advertisement constitutes financial, taxation or legal advice.
OPEN THURSDAY 11.15 -11.45 AM AND BY APPOINTMENT.
IN CONJUNCTION WITH CHRISTIE'S INTERNATIONAL AND HIGHLAND DOUBLE BAY.
CHARLOTTE PETERSWALD 0407742120 CHRISTIES INTERNATIONAL
ANTHONY AND TONI RIZZO HIGHLAND DOUBLE BAY 0418 236 999
Listing description written by Charlotte Peterswald, Christie's International Real Estate NSW — reproduced as published, not verified by Districts.