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 › Bluegrass Cl
$1,765,000
Last sold
3 Oct 2025
5
Bedrooms
3
Bathrooms
2
Car spaces
650 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
$1,765,000
3 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Waterways (last 5 years) with land size have a median of $2,906/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
-3.3%
Median sale
Suburb $1,825,000
+0.07 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 VictoriaIt's Addressed:
This stately two-storey residence stands on a generous 650sqm allotment just steps from tranquil lakeside walking trails and the popular Nest at Waterways Cafe. Families will appreciate zoning for Aspendale Gardens Primary School and Mordialloc College, along with easy access to the Mordialloc Freeway and a short eight-minute drive to some of Melbourne’s most iconic beaches. Both Lighthouse and Haileybury school also only minutes away.
The home’s symmetrical design is inspired by neoclassical principles, with a recessed double-door entry beneath a Juliet balcony framed by tall, black-trimmed windows. Clean lines, a monochromatic palette and a neatly manicured front garden create a commanding street presence. A curved concrete path draws you toward the home, while the integrated double garage is set neatly into the facade with a panelled door.
A soaring double-height void above the dining room adds visual appeal and fills the home with natural light, enhanced by full-height windows and a central chandelier. The curved staircase with timber handrail and a black steel balustrade provides architectural interest. Polished porcelain tiles flow through the open-plan layout, which includes a dedicated home theatre room with built-in projector and surround sound. Additional features include high ceilings, ducted heating, evaporative cooling, modern LED lighting, curtains, blinds, alarm system, and a guest-accessible ground floor bathroom and bedroom. A spacious undercover pergola with custom bench seating is ideal for year-round entertaining.
The opulent kitchen showcases black marble-look stone countertops, a sleek black glass splashback and an expansive breakfast island with waterfall edges. Storage is plentiful thanks to a walk-in pantry and banks of gloss white cabinetry and drawers. Cooking is effortless with dual electric ovens, a 900mm gas burner cooktop and a concealed wine storage zone. A separate kitchenette enhances flexibility for large families or entertaining.
Upstairs, four oversized bedrooms are bathed in natural light, connected by a skylight-adorned hallway that leads to a peaceful retreat space. Premium carpet and integrated storage feature throughout. The main bedroom is palatial, offering a massive walk-in robe and a luxury ensuite with jet spa bathtub, oversized semi-frameless shower and dual vanities. All bathrooms are immaculately finished with stone benchtops, large format tiling and premium fittings.
Contact us for a priority inspection today.
Property Specifications
• Five oversized bedrooms with premium carpet
• 2 great size Kitchens
• Undercover entertaining area and neat manicured garden
• Home theatre, chandelier, dual ovens and wine storage
• Double garage and additional storage shed
• Quiet location near lake, cafes and Mordialloc Freeway access
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.