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 › Homestead Gardens
$420,000
Last sold
17 Feb 2022
3
Bedrooms
1
Bathrooms
1
Car spaces
81 m²
Building
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
$420,000
17 Feb 2022 · derived via latest_sale
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
-63.8%
Median sale
Suburb $1,161,000
+5.20 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. 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.
Nearby development pipeline
UnknownNearby 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.
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 JoondalupCurrently tenanted until August of next year at a generous rental income per week, this solid 3 bedroom 1 bathroom brick-and-tile duplex half is the perfect investment property and enjoys a tranquil cul-de-sac location that will allow you to reap the rewards even further, if you don't decide to eventually live here yourself and indulge in the privacy and seclusion all on your own.
A gated front patio/courtyard entrance separates the home from next door rather nicely, with a large front lounge room carpeted for comfort much like all three bedrooms and the adjacent dining area. The latter flows into a revamped kitchen with charming slate floor tiles, double sinks, feature subway-tile splashbacks, a Westinghouse electric hotplate, an oven of the same brand and a stainless-steel dishwasher.
The spacious front master is the pick of the bedrooms with its ample full-height built-in-wardrobe options, just inches away from a fully-tiled and renovated bathroom that comprises of a bathtub with a rain showerhead, a stone vanity and a toilet. Beyond it all, a generous and paved backyard is headlined by a lovely outdoor patio-entertaining area. Out front, there is ample driveway parking space for up to three vehicles in tandem and a fourth to the side - all preceding a single lock-up carport that has drive-through access for a large second car to park in security at the rear.
This prime position ensures that its occupants will be living only walking distance away from everything, including the lush Emerald Park, bus stops, Mater Dei College, Edgewater Primary School, Edgewater Shopping Centre, Edgewater Train Station and the sprawling Picnic Cove Park alongside picturesque Lake Joondalup. Also nearby are the likes of Lakeside Joondalup Shopping City, the Edith Cowan University Joondalup Campus, other top schools, medical facilities, HBF Arena, the freeway, world-class golf at Joondalup Resort and a host of pristine northern-suburbs' beaches. Now this, ladies and gentlemen, is convenience every way you look at it!
Other features include, but are not limited to:
- Ceiling fan and split-system air-conditioning to the front lounge room
- Ceiling fan to the dining area
- Practical laundry with slate tiles and security-door access to the patio and yard
- Security-door entrance
- Feature skirting boards
- Electric storage hot-water system
- Reticulation
- Large corner garden shed
- Total parking space for 5-6 cars all up
- Wide side-access gate
- Built in 1984
- Currently rented at $400.00 per week until August 2022
Listing description written by Kirrily Macri, Harcourts Alliance Joondalup — reproduced as published, not verified by Districts.