Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
VIC › Waterways › Waterside Dr
$2,225,222
Last sold
19 Aug 2026
5
Bedrooms
4
Bathrooms
2
Car spaces
610 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
$2,225,222
19 Aug 2026 · derived via latest_sale
Local land rate: recorded House sales in Waterways (last 5 years) with land size have a median of $2,888/m² of land (n=20). Districts calculation from recorded sales — not a valuation.
Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Vs Waterways
+21.9%
Median sale
Suburb $1,825,000
-0.38 pp
Gross yield
Suburb 2.09%
Suburb median $1,825,000 from 11 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 $732/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
Waterways at a glance
2,443
People
$1,825,000
Median sale
$732/wk
Median rent
2.09%
Suburb gross yield
Median sale from 11 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Area Specialist VictoriaIts Addressed:
Perfectly positioned opposite the picturesque Waterways Lake Parklands, this exceptional residence delivers luxury, space and convenience on a generous 610sqm corner block. Zoned for Aspendale Gardens Primary School and Mordialloc College, it is also close to The Nest Cafe, Aspendale Gardens Shopping Centre and Parkmore Shopping Centre. The 709 bus on Waterside Drive and Princetown Drive is just moments away, while the Mordialloc Freeway and Mornington Peninsula Freeway provide excellent connectivity.
Designed to impress, this executive home showcases a sophisticated contemporary facade combining face brick, rendered finishes and feature stone cladding. An exposed aggregate driveway leads to a double lock-up garage, while landscaped gardens, raised garden beds and a striking stone water feature create a memorable first impression. A projecting balcony with glass balustrading captures sweeping water views, while large aluminium-framed windows fill the interiors with natural light.
Inside, generous proportions and premium finishes create an elegant and welcoming family environment. High ceilings, polished porcelain floor tiles, plush carpet, LED downlights and roller blinds complement multiple living zones, including an open-plan family and dining area, separate lounge, dedicated home theatre, study and an upstairs retreat opening onto a wrap-around balcony overlooking the lake. Ducted heating and refrigerated cooling provide year-round comfort, while security cameras, a security alarm and a statement chandelier above the staircase complete the impressive interior.
The beautifully appointed kitchen is designed for effortless entertaining, featuring 40mm stone benchtops, a spacious breakfast island and a dedicated coffee bar. Pendant lighting adds warmth, while a butler's pantry, dishwasher, gourmet rangehood and a 900mm oven with gas cooktop deliver exceptional functionality.
Accommodation comprises five generous bedrooms, each with mirrored built-in robes and ceiling fans. The luxurious master suite includes a walk-in robe and an ensuite with full-height wall tiles, a frameless shower, jet spa bath and stone-top dual vanity. Three additional bedrooms each enjoy their own ensuite with full-height wall tiles, semi-frameless showers and stone-top vanities, providing ideal accommodation for extended family, older children or guests. A guest powder room and a generous laundry with excellent storage complete the layout.
Bifold doors create a seamless connection to the covered alfresco, complete with a ceiling fan and outdoor kitchen for effortless entertaining. Manicured low-maintenance gardens, LED sensor lighting, an external water tank and an impressive 27-panel 10kW solar power system enhance the home's efficiency, practicality and long-term value.
Property Specifications:
* 610sqm corner block with beautiful water views
* Five spacious bedrooms and four bathrooms
* Home theatre, study and upstairs retreat
* Ducted heating and refrigerated cooling
* 27-panel 10kW solar power system
* Covered alfresco with outdoor kitchen
*** Photo ID required for all inspections ***
For more Real Estate in Waterways contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary to satisfy themselves with any pertinent matters.
Listing description written by Linna Wu, Area Specialist Victoria — reproduced as published, not verified by Districts.