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
$2,565,000
Last sold
13 Apr 2024
5
Bedrooms
4
Bathrooms
2
Car spaces
751 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
$2,565,000
13 Apr 2024 · 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
+40.5%
Median sale
Suburb $1,825,000
-0.61 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:
Nestled on an expansive 751sqm plot in a serene setting, this architecturally designed residence presents an exceptional opportunity for astute buyers in search of a harmonious blend of peace and contemporary opulence. Ideally situated within the sought-after catchment area of Aspendale Gardens Primary School and Mordialloc College, and in close proximity to esteemed educational institutions like Haileybury and Lighthouse Christian College, residents will revel in the picturesque environs of Waterways Lake, lush parklands, and scenic walking trails. Conveniently positioned just a brief drive away from an array of amenities, including boutique shops, the renowned Nest Cafe, golf courses, pristine beaches, Edithvale Station, and
major thoroughfares, this property epitomizes a lavish lifestyle tailored for a discerning family.
This sleek fully rendered home is adorned with a striking Alucobond aluminium facade, towering windows, sleek box gutters, and elegant parapet walls. Equipped with monitored back to base alarm system for peace of mind, the oversized double lock-up garage, coupled with an exposed aggregate driveway, provides ample space for vehicles and storage needs. Completing the outdoor oasis are the tropical-inspired designer spaces, perfect for relaxation and entertainment.
Step inside to discover a haven of luxury accentuated by LED downlights, soaring ceilings, and lustrous Spotted Gum hardwood floorboards. The expansive open-plan kitchen, dining, and living areas boast bespoke features such as a custom-designed home bar, wine cellar, LED strip lighting, captivating fireplaces, luxurious marble finishes, and an array of exquisite chandeliers and ornate pendant lights. Enjoy year-round comfort with central heating and refrigerative cooling, while blinds and curtains ensure privacy. Seamlessly extending from the interior is an inviting alfresco area, complemented by a decked backyard featuring a covered BBQ lounge and a lush lawn overlooking a magnificent 37sqm pool. Additional amenities include a sauna, theatre room, underwater water tank, and a ducted vacuum system.
The gourmet kitchen is impeccably appointed with a breakfast island, 30mm Carrara marble stone benchtops, and sleek handleless cabinetry. A striking feature paneled wall adorns the butler's pantry, while top-of-the-line appliances, including a dishwasher, electric cooktop with mirrored splashback, and double ovens, promise a culinary experience of unparalleled excellence.
Upstairs, three plush carpeted bedrooms, each equipped with built-in robes and ensuites, offer ultimate comfort and seclusion. Two versatile downstairs areas can be effortlessly transformed into additional bedrooms, a gym, library, or home office. The indulgent master suite boasts walk-in robes with a convenient laundry chute and a private glass-balustrade balcony. Luxurious bathrooms feature floor-to-ceiling tiles, contemporary vanities, frameless showers, and a lavish freestanding bathtub.
Don't miss the chance to experience this extraordinary lifestyle
– contact us today for a priority inspection!
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.