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 › Sharpes Rd
5
Bedrooms
2
Bathrooms
3
Car spaces
534 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 Ray White - BundooraPrior Offers being Considered Now!
When location is King & opportunity is scarce this home offers such an array of potential possibilities that you will be hard pressed to find another like it. Proudly boasting a dual living option with the near new 2 bedroom unit at the rear and a solid 3 Bedroom home at the front, 7 Sharpes Road is not only is it a savvy investment but it also presents the ideal chance to live at the back while you renovate, house a teen or elderly parent or perhaps knock down the whole lot and build your dream home! Supremely situated with Watsonia North Primary, Loyola College and Binnak Park at either ends of the street and spanning a generous 534m2 approx allotment in a nice neat rectangular shape this could be the place for you!
Set high and already set up with disability access to both the home and the unit access is well accommodated for as well as an ample scope for garaged or off street gated parking should you require. The home itself needs some love but it's got a spacious floor plan and good bones and is an ideal project for first home buyers or families who want to add their very own touch. Featuring 3 bedrooms with robes, large living area and separate lounge or dining room, adjoining kitchen and internal laundry with an expansive back decking area with pergola at the rear. The unit behind provides complete and comfortable living in the most low maintenance manner, with two robed bedrooms, its own kitchen and living space and fully equipped main bathroom that is accessibility primed should you need. Other features include a separate garage and multiple off street parking spaces.
With the easiest access to transport, both bus, tram and train & shopping options such as Polaris, Bundoora Square, Greensborough Plaza and so many more, this home is in the heartbeat of the always heavily competed for hot pocket of the tightly held Watsonia North. Get ready to inspect this absolutely project-primed property & secure your chance to be Watsonia North's newest home owner!
Heating: Split System
Cooling: Split System
Council Rates: $3,164 per annum approx.
Chattels: All fixtures and fittings as inspected
Deposit Terms: 10% of Purchase Price
Preferred Settlement: 30/45/60 Days
Rental Appraisal: $420-$470 per week
Nearest Primary Schools: Watsonia North Primary School, Watsonia Primary School, Bundoora Primary School, St Damian's Primary School
Nearest Secondary Schools: Parade College, Loyola College, Bundoora Secondary College, Concord School
Nearest Public Transport: Grimshaw Street Bus Stop, Grimshaw Street/Plenty Road Tram Stop (86) Watsonia Train Station
Listing description written by Andrew & Rayni, Ray White - Bundoora — reproduced as published, not verified by Districts.