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VIC › Noble Park North › Watson Rd

U1, 22 Watson Rd, Noble Park North VIC 3174

For saleHouse

$550,000–$605,000

For sale

Asking range

2

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $550,000–$605,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $550,000–$605,000(Listing record · 26 Aug 2026)
  • CalculationAsk is 34% below the Noble Park North median recorded sale ($830,000, n=39, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Noble Park North's advertised median rent ($511/wk), implied gross yield would be 4.83% — this is not a rent for this listing.(Districts scenario calculation)

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

$550,000–$605,000

Asking range

No recorded sale for this property.

Noble Park North at a glance

7,587

People

$830,000

Median sale

$511/wk

Median rent

3.20%

Suburb gross yield

Median sale from 39 recorded sales (last 12 months) — a Districts calculation.

See the full Noble Park North report →

Vs Noble Park North

-33.7%

Median sale

Suburb $830,000

+1.63 pp

Gross yield

Suburb 3.20%

Suburb median $830,000 from 39 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$550,000
Stamp Duty (Victoria)
$28,070
Transfer/Registration Fee
$1,391
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$583,161

$33,161 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Noble Park North's advertised median rent — not a rent for this listing.

Net yield
3.33%
Annual cashflow (pre-tax)
$-10,278
Interest cover (DSCR)
0.64
Annual rent
$26,572
Operating expenses
$8,250
Loan amount
$440,000
Annual interest
$28,600
Gross yield
4.83%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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. Listed$550,000–$605,000available26 Aug 2026

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

Capital growth

VIC

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.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $511/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. 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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.8%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

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

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • 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

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Noble Park North in one glance

Noble Park North at a glance

7,587

People

$830,000

Median sale

$511/wk

Median rent

3.20%

Suburb gross yield

Median sale from 39 recorded sales (last 12 months) — a Districts calculation.

See the full Noble Park North report →

Keep researching

  • Why Noble Park North? Read the area thesis →
  • What else is on the market in Noble Park North →
  • Other records on Watson Rd →

Listing material

Listed by Ray White Clayton

Effortless Living in a Convenient Location

Offering an outstanding opportunity for first-home buyers, downsizers, young families and astute investors alike, this inviting two-bedroom residence delivers the perfect combination of comfort, convenience and low-maintenance living.

Positioned in a quiet and highly accessible pocket of Noble Park North, this well-maintained home provides a practical floorplan designed for everyday living, while its convenient location places a wealth of amenities within easy reach.

Inside, the home offers two generously proportioned bedrooms, providing comfortable accommodation for residents and flexibility for those looking to utilise the second bedroom as a home office, nursery or additional living space. The central bathroom is thoughtfully positioned for convenience, while the functional kitchen provides ample scope for everyday cooking and entertaining.

Read the full description

The adjoining dining area flows naturally into the comfortable living zone, creating a welcoming space to relax and unwind. Large windows provide an abundance of natural light throughout the home, enhancing the sense of space and creating a bright and pleasant atmosphere.

Outside, the low-maintenance surroundings provide an ideal setting for those looking to spend less time maintaining their home and more time enjoying it. A dedicated car space adds further convenience, while the property's manageable footprint makes it particularly appealing to those seeking an easy-care lifestyle.

The location is where this property truly shines. Positioned within close proximity to local shops, cafes, parks, schools and public transport, you'll have everything required for day-to-day living close at hand. With easy access to major roads and surrounding suburbs, commuting throughout Melbourne's south-east is made simple.

Whether you're looking to take your first step into the property market, secure a comfortable home without the upkeep of a larger property, or add a solid investment to your portfolio, this residence presents an exciting opportunity in a highly convenient location.

Property Highlights:

• Two well-proportioned bedrooms

• Central bathroom

• Functional kitchen with adjoining dining area

• Comfortable and light-filled living space

• Practical single-level floorplan

• Low-maintenance outdoor area

• Dedicated car space

• Conveniently positioned close to local shops and amenities

• Easy access to schools, parks and public transport

• Excellent connectivity to Melbourne's south-east

With its practical layout, low-maintenance appeal and convenient position, 1/22 Watson Road represents an excellent opportunity to secure a home that offers both immediate comfort and future potential.

Inspection is highly recommended.

Disclaimer: We have, in preparing this document, used our best endeavors to ensure that the information contained in this document is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Listing description written by Kristos Barba, Ray White Clayton — 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.