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 › Island Point Ave
4
Bedrooms
2
Bathrooms
2
Car spaces
874 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Waterways (last 5 years) with land size have a median of $2,895/m² of land (n=21). 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.
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 exceptional Waterways residence is positioned within the highly regarded Aspendale Gardens Primary and Mordialloc College school zones, and is also surrounded by Melbourne’s premier private schools including Haileybury, Lighthouse Christian College, St Leonard’s College, Kilvington Grammar and Mentone Grammar — making it an outstanding family location for both public and private education.
Just moments from The Nest Café, Waterways Lake and walking trails, with Parkmore Shopping Centre, Waterways Playground and major freeway access nearby, the home enjoys the perfect balance of lifestyle convenience and connectivity. Easy access to the 709 bus route and a short drive to Dandenong Station and employment hubs further enhance its appeal.
Set on a substantial 874sqm allotment, this impressive home makes a striking first impression with its contemporary façade, double-storey architectural form, vertical glazing and integrated double garage. The design is both elegant and functional, with landscaped gardens and wide windows flooding the home with natural light.
Inside, the sense of space is immediate. Soaring double-height ceilings flow through the entry and main living areas, creating a dramatic and airy atmosphere rarely found in suburban homes. Polished hardwood floors, modern LED lighting and plantation shutters enhance the refined feel throughout. The versatile floorplan offers multiple living zones, including formal dining, lounge, open-plan family living, a children’s rumpus room and a dedicated study — ideal for growing families or those working from home.
The kitchen is designed for everyday living and entertaining, featuring 20mm stone benchtops, a breakfast bar, 900mm gas cooktop and oven, rangehood, glass splashback, dishwasher and soft-close cabinetry, all with generous storage.
Four spacious bedrooms include a luxurious master retreat with walk-in robe, private balcony and ensuite. The ensuite is beautifully appointed with full-height tiles, frameless shower, bathtub and stone-top dual vanity. The main bathroom also offers full-height tiling, semi-frameless shower and a spa bath for relaxation.
Outdoors, the home delivers outstanding entertaining and family space with a covered alfresco, sun-filled deck, shaded dining area and a large, secure backyard with vehicle access gate. An external water tank and double lock-up garage with internal access complete this superb offering.
This is a rare opportunity to secure a large, architecturally impressive home in one of Waterways’ most tightly held family pockets.
Contact us today to arrange a priority inspection.
Property Specifications
- Double lock-up garage with internal access and rear vehicle gate
- Expansive 874sqm block with large yard and multiple outdoor entertaining areas
- Four bedrooms plus study, including master with ensuite, balcony and walk-in robe
- Multiple living zones including formal dining, lounge, rumpus and open-plan living
- Double-height ceilings throughout main living areas
- Modern kitchen with stone benches, 900mm gas cooking, dishwasher and ample storage
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.