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 › Princetown Dr
$1,825,000
Last sold
3 July 2026
5
Bedrooms
3
Bathrooms
3
Car spaces
833 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
$1,825,000
3 July 2026 · 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
0.0%
Median sale
Suburb $1,825,000
0.00 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:
Positioned in one of Waterways’ most sought-after addresses, this expansive family home delivers outstanding space, comfort and convenience on a substantial 833sqm lot. Zoned for Aspendale Gardens Primary School and Mordialloc College, it is close to dining at The Nest Cafe and only a short drive from Keysborough Shopping Centre. Waterways Lakeside, the Community Garden and Lake King Circuit Playground are all within walking distance, while the 709 bus on Princetown Drive and Waterside Drive is just moments away.
Substantial in stature, this two-storey abode reflects timeless suburban design, showcasing a face brick facade with scale and presence. Symmetrical upper-level windows, a recessed balcony and brick piers create balance while large windows draw natural light inside. Landscaped gardens, a broad driveway and an integrated LUG reinforce the home's family-focused appeal.
Inside, generous proportions and light-filled interiors create an inviting environment. LED down lights, pendant lighting, ceramic and porcelain floor tiles, plush carpet, ducted heating and reverse cycle AC ensure year-round comfort. The versatile floorplan includes open-plan living, a formal dining area, separate lounge, study and an upstairs retreat opening to a sunny balcony.
The kitchen combines practicality with style with timber laminate cabinetry, 40mm granite benchtops, pendant lighting and a breakfast bar. A 900mm gas cooktop, dual built-in ovens, range-hood and dishwasher cater effortlessly to family living and entertaining, while a generous laundry and under-stair storage add convenience.
There are five spacious bedrooms, all with built-in robes. The master suite includes a private retreat, walk-in robe, mirrored robe and a luxurious ensuite with a jet spa bath, semi frameless shower and granite-top vanity. A downstairs guest suite with its own retreat and ensuite is ideal for extended family or visitors.
Outdoors, a covered wraparound pergola overlooks the sparkling in-ground pool, creating a superb setting for entertaining alongside raised gardens and neat landscaping.
Contact us today to arrange a priority inspection.
- Property Specifications
- Expansive 833sqm block in prestigious Waterways location
- Sparkling in-ground pool and covered wraparound pergola
- Guest suite downstairs with retreat and private ensuite
- Multiple living zones including study and upstairs retreat
- Double LUG with rear roller door access
*** 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.
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