Edgewater at a glance
5,238
People
$1,161,000
Median sale
$658/wk
Median rent
2.95%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
WA › Edgewater › Treetop Ave
$870,000
Last sold
15 May 2024
5
Bedrooms
2
Bathrooms
3
Car spaces
702 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
$870,000
15 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Edgewater (last 5 years) with land size have a median of $983/m² of land (n=72). Districts calculation from recorded sales — not a valuation.
Edgewater at a glance
5,238
People
$1,161,000
Median sale
$658/wk
Median rent
2.95%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Edgewater
-25.1%
Median sale
Suburb $1,161,000
+0.98 pp
Gross yield
Suburb 2.95%
Suburb median $1,161,000 from 13 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
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 702 m² — that is not official geometry. 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.” Nearby development applications are not loaded for this property.
Rental
No advertised rent is recorded. Suburb median rent $658/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. Nearby development applications are not loaded for this property. 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
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 702 m² — that is not official geometry.
Nearby development pipeline
Area
Edgewater at a glance
5,238
People
$1,161,000
Median sale
$658/wk
Median rent
2.95%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Harcourts Alliance JoondalupWelcome to 39 AND 39a Treetop Avenue, Edgewater. A 5 bedroom, 2 bathroom residence positioned on a sizeable 702sqm R20/40 zoned block that's been cleanly divided to create two separate living quarters.
This property is situated in close proximity to everything you need, less than a 15 minute stroll would have you at Edgewater Primary School, Mater Dei College, Edgewater Shopping Centre and the Edgewater Train Station. With just a short 5 minute drive into the heart of Joondalup everything is at your fingertips.
#39 Treetop Avenue : 3 bedrooms, 1 bathroom, two car bays, two separate living areas and a sunroom
- Good sized master bedroom with triple built in robes and a split system air conditioning unit
- Huge front lounge room with split system air conditioning unit
- Bathroom consists of double vanity and shower with dual access
- Separate W/C and dedicated laundry with access outside
- Good size kitchen offering plenty of cupboard and bench space, stainless steel dishwasher, double pantry, gas cooker / oven and fridge recess
- Extra storage opposite the kitchen is perfect for overflow of kitchen appliances or double as a linen cupboard
- Bedrooms 2 & 3 are fitted with ceiling fans and double built in robes
- Open plan casual meals / family area overlooked by the kitchen with a sliding glass door leading out to the fully enclosed sunroom giving this property THREE separate living spaces!
- Low maintenance paved area outside
- Large shed
- Has the potential to rent out for $500 per week (currently advertised for rent with applications being received)
#39a Treetop Avenue : 2 bedrooms, 1 bathroom, double carport, open plan living, store room
- Two good size bedrooms each can be accessed by their own doors from the front of the property, one is fitted with a ceiling fan and the other a split system air conditioning unit
- Open plan lounge, dining and kitchen
- A third room off the kitchen could be a generous size storeroom or a comfortable office / study
- Bathroom is accessed downstairs and is a unique "walk through" layout with a sink, through to a shower / bath (plus space for a washing machine) through to a separate W/C
- Opposite the kitchen is a door leading outside under a small pergola and steps leading down to a paved area
- There is a fantastic tenant in place currently on a periodic lease at $450 per week
There are so many options;
- Live in one, rent out the other and get a solid income stream to help pay the mortgage
- Rent out both sides and get a whopping $950* per week return!
- Renovate and bring this house back together as a full size five bedroom, two bathroom home
- Consider sub-dividing
*#39 currently advertised at $500 per week, #39a currently receiving $450 per week on a periodic lease
Listing description written by Courtney Anderton, Harcourts Alliance Joondalup — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
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.