5 Observation Court, Waterways, VIC 3195 | Property Value & History | OnTheHouse
OFF MARKET

5 Observation Court
Waterways VIC 3195

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 323m2
Land area: 710m2
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Property Details for 5 Observation Ct, Waterways

5 Observation Ct, Waterways is a 4 bedroom, 3 bathroom Townhouse with 2 parking spaces and was built in 2008. The property has a land size of 710m2 and floor size of 323m2. While the property is not currently for sale or for rent, it was last sold in November 2015.

Building Type
Townhouse
Year Built
2008
Floor Size
323m2
Land Size
710m2
Local Government
Kingston
Lot/Plan
227/PS435322

Last Listing description (February 2016)

Overlooking the wetlands, this spacious and light filled home is located within one of Waterways quietest and most sought after spots. A grand entertainer that s perfect for the whole family, you ll be blown away by the space and functionality of this modern home. Entering through a grand entrance and into a large open hallway, there is a large formal lounge and guest bedroom with BIR. A guest bathroom and separate powder also sit towards the front of the property along with a large laundry space. Further on down the hall you ll be taken into a large open plan area that boasts a large dining space, relaxing family area and chef style kitchen with island bench, walk in pantry & stainless steel appliances. An enormous rumpus room completes the downstairs portion of the house and offers the potential of a large theatre room or entertaining area. The backyard is vast, offering a large covered al fresco with access points from the dining room and rumpus room. A large solar & gas heated swimming pool is elegantly designed with outdoor shower, a putting green for those golf lovers, landscaped gardens and an additional outdoor courtyard sits to the side of the pool offering another entertaining space with inbuilt BBQ and built in veggie patch. Perfect for kids, this yard presents multiple spaces for playtime and relaxation as well as an area where a boat or caravan could be stored. A wide staircase takes you up to the bedroom wing complete with spacious retreat. 3 queen rooms offer BIR, one with WIR and are serviced by a spacious family bathroom with separate powder as well as bath & shower facilities. The enormous master is a dream with its double doors, large WIR, spacious en-suite with double shower, separate powder & double vanity as well as the private balcony overlooking the wetlands, perfect for watching the sun set. Features include ducted heating, evaporative cooling, intercom, double automatic garage with storage space and a large two car driveway. This waterside location is ideal as the area is private but also close to amenities such as zoned schools, public transport, shops, cafes and parkland. Don t miss this opportunity to slice yourself off a piece of private paradise.

Property History for 5 Observation Ct, Waterways, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$1,205,000
29 Nov 2015
Listed for Rent
$695/w
17 Apr 2012
  • 29 Nov 2015
    Sold for $1,205,000
  • 26 Nov 2015
    Listed for Sale Not Disclosed
  • 29 Mar 2012
    Listed for Rent $695 / week
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About Waterways 3195

The size of Waterways is approximately 1.7 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of Waterways in 2016 was 2461 people. By 2021 the population was 2422 showing a population decline of 1.6% in the area during that time. The predominant age group in Waterways is 40-49 years. Households in Waterways are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Waterways work in a professional occupation.In 2021, 88.30% of the homes in Waterways were owner-occupied compared with 89.80% in 2016.

Waterways has 795 properties. Over the last 5 years, Houses in Waterways have seen a 41.99% increase in median value, while Units have seen a 39.33% increase. As at 30 November 2025:

  • The median value for Houses in Waterways is $1,483,468 while the median value for Units is $1,100,708.
  • Houses have a median rent of $925.
There are currently 3 properties listed for sale, and no properties listed for rent in Waterways on OnTheHouse. According to Cotality's data, 39 properties were sold in the past 12 months in Waterways.

Suburb Insights for Waterways 3195

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.