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NSW › Neutral Bay › Waters Rd

404/12 Waters Rd, Neutral Bay NSW 2089

For saleApartment

For sale

For sale

3

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

This is on the market — is it worth your time?

Why this ask?

  • FactListed for sale — no asking price recorded(Listing record · 23 Mar 2026)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

No recorded sale price for this property yet.

Neutral Bay at a glance

10,864

People

No data

Median sale

$783/wk

Median rent

No data

Suburb gross yield

See the full Neutral Bay report →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listedprice unknownavailable23 Mar 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

NSW

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $783/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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.

What does the yield actually look like?

Confidence: low

Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Neutral Bay in one glance

Neutral Bay at a glance

10,864

People

No data

Median sale

$783/wk

Median rent

No data

Suburb gross yield

See the full Neutral Bay report →

Keep researching

  • Why Neutral Bay? Read the area thesis →
  • What else is on the market in Neutral Bay →
  • Other records on Waters Rd →

Listing material

Listed by Stone Real Estate Mosman

Spectacular North facing, Sub Penthouse

Please contact Marize Bellomo for your private appointment, flexible access.

Welcome to Pienza, a league of its own.

First time released to the market, we are pleased to offer this incredible North facing Sub-Penthouse offering an abundance of space, three generous bedrooms, two-bathrooms and level lift access to two car-spaces in the highly regarded Pienza development.

Read the full description

A total of 211 square metres on title, within metres and a level stroll to the cosmopolitan lifestyle on offer.

A quintessential lock-up and leave residence in the architecturally designed development. Magnificent common area heated rooftop swimming pool with uninterrupted views across Middle Harbour and beyond. Outdoor entertaining/barbecue area, fully equipped gym with brand new machines, all while you are right in the heart of the village and cosmopolitan lifestyle Neutral Bay has to offer.

- Security entrance from Waters Road, yet footsteps to all village amenities

- Living/dining room with herringbone timber floors enjoying Middle Harbour panoramas

- Marble finishes in the kitchen with Wolf appliances, gas cooktop and Sub Zero wine fridge and fridge

- Fabulous butlers pantry and separate internal laundry, each offering wonderful storage options

- Living areas seamlessly merge onto the undercover entertaining balcony

- Additional living or media room

- Three generous bedrooms with built-in wardrobes & plush carpets

- Deluxe master suite with wonderful ensuite

- Deluxe rain shower ensuite with marble finishes & brushed metal hardware

- Generous storage options throughout, internal laundry with additional storage

- High ceilings, level lift access to two secure car spaces & storage cages

Available for Private inspection or As Advertised, call Marize Bellomo on 0414 972 203.

This could be your next home.

Listing description written by Marize Bellomo, Stone Real Estate Mosman — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.