Watsonia North at a glance
3,785
People
$975,000
Median sale
$540/wk
Median rent
2.88%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
VIC › Watsonia North › Elwers St
5
Bedrooms
2
Bathrooms
2
Car spaces
908 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 Watsonia North (last 5 years) with land size have a median of $1,610/m² of land (n=95). Districts calculation from recorded sales — not a valuation.
Watsonia North at a glance
3,785
People
$975,000
Median sale
$540/wk
Median rent
2.88%
Suburb gross yield
Median sale from 27 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 $540/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
Watsonia North at a glance
3,785
People
$975,000
Median sale
$540/wk
Median rent
2.88%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Barry Plant North Eastern GroupFinding a home with the space and layout that will suit a family of all ages and a variety of lifestyles can be difficult. But if that is what you are looking for then this split-level home which offers 5 robed bedrooms with the flexibility of up to 6, could just be it. Living space is well catered for with a generously proportioned living room flowing through in open plan to the dining space which extends via sliding doors to an elevated deck overlooking the rear yard and the adjoining treed reserve. Adjacent to the dining space is the smart and stylish kitchen with plenty of storage including soft close drawers, abundant bench space incorporating a breakfast bar, dual Electrolux ovens, new Westinghouse dishwasher, 5 burner cooktop and a beautifully tiled splashback. On the opposite side of the dining area a TV lounge adds further living space. The 4 bedrooms on this level include the master with ensuite bathroom and ceiling fan and there is also a family bathroom with shower over the bath. Taking the stairs to the lower level reveals another robed bedroom, a generous study space easily accommodating 2 desks and a larger space currently set up as a bedroom but which could easily be a rumpus room or teen retreat. The downstairs laundry opens onto a second, ground level deck. Features include ducted heating, evaporative cooling, security doors, polished timber flooring in the living areas, carpeted bedrooms, under house storage space, LED lighting and a double carport. There is also the added value in the substantial irregular shaped block of 908sqm which offers potential for development STCA of a 3 bedroom townhouse. (Plans with expired permits which were drawn up in the past available for inspection.)
Further appeal is added by the quiet, court-like location and the gate in the back fence to the reserve which puts the 566 bus service only metres away. Watsonia Village shops and train station are easily reached while more extensive shopping at Bundoora Square or Greensborough Plaza and additional transport options are just minutes away. The location is also close to local schools including Watsonia North Primary, St Mary's, Loyola & Parade College or Greensborough Secondary College and allows easy access to Greensborough Bypass and the Metropolitan Ring Road.
Listing description written by David Moxon, Barry Plant North Eastern Group — reproduced as published, not verified by Districts.
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