25 Island Point Avenue, Waterways VIC 3195
25 Island Point Avenue, Waterways VIC 3195
4 bed family house on 700m² | renovated with study and powder room | premium Waterways positioning | strong family buyer appeal
This property holds a genuine edge in Waterways because of the combination of land size and renovation quality. At 700m² with roughly 224m² of building, it sits comfortably above the compact stock that defines much of the suburb, and the recent renovation means a buyer is not inheriting deferred maintenance or dated finishes. The dedicated study and powder room add practical flexibility that families in this price range actively look for, while the indoor-outdoor flow suits the bayside lifestyle the area is known for. It is best suited to an established family or an upgrader moving from a smaller home who wants space, privacy, and a move-in-ready house without the hassle of a rebuild.
The value picture here is shaped by a few factors that may influence what a buyer is willing to pay. The land size is the strongest single driver, as larger blocks in Waterways are tightly held and rarely come up. The renovation quality and presentation will also matter, since a well-executed update can justify a premium over unrenovated stock, but the exact standard of finishes is something to verify in person. The absence of bushfire, flood, or heritage overlays removes known constraints that could otherwise complicate future plans, and the established low-density character of the street supports long-term desirability. Buyers should weigh whether the current layout and condition meet their needs without significant additional spend, and consider how the property compares to what else is available in the suburb at this level.
|| Comparable Sales: 31 Island Point Avenue sold at $1.81M in May 2024 | 37 Island Point Avenue listed around $1.65M–$1.75M | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, renovation quality, street location within Waterways
Detailed Independent Property Report prepared by PropCred Analyst team for 25 Island Point Avenue, Waterways VIC 3195
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Waterways is a small established suburb (pop. 2,422, median age 42) with a premium $1.6325M house median. Growth data conflict: one source shows 9.2% annual capital growth, another 9% in 12 months, and REIV -9%. Sales are thin but steady—37-39 houses annually, with 30-39 days on market. Rental demand is soft: weekly rents $900-$925, gross house yield 3.27-3.5%. The unit market is negligible (one sale in 12 months), leaving no reliable unit metrics. The key constraint is narrow market depth and high entry barrier.
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PropCred Estimated Value
Comparable Sales: 31 Island Point Avenue sold at $1.81M in May 2024 | 37 Island Point Avenue listed around $1.65M–$1.75M | Property Price Band: $1.8M–$1.9M | Value Drivers: land size, renovation quality, street location within Waterways
Bedrooms
4
Bathroom
2
Parking
2
Land
700m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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