231 Nell Street West
Watsonia, 3087 VIC
House on a 622 m² block with 17m frontage.
Property Snapshot
House4 Bed2 Bath2 Off Street622 m² Land17m Frontage
Investment Highlights
What makes 231 Nell Street West compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
622 m²
Frontage
17m
Zoning
GRZ1
Residential - Medium Density
Why Buyers Look At This One
Walkable transport position — approx. 357m to bus, 392m to train station and 330m to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
4
Bathrooms
2
Parking
2 off-street
Internal Area
—
Ownership & Value
Last Sold$925k
Sold DateMar 2026
Land Value—
RPD251\LP30082
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Wide FrontageResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Market Status
Off Market
4 Bed Median
$1.09M
Growth Since 2026
—
Price Estimate
—Low
$925k
—High
VeryHigh Confidence
—
Since last sold — $925,000 — March 2026
Suburb 4 bed house median price over time
Rental Market
Yield, rental pricing and local leasing landscape.
Median Rent
$650
4 Bed Yield
3.1%
Vacancy
1.2%
Rentals Last 12M
7
Suburb 4 bed house median rent over time
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: No bushfire known in this area. Heritage: No heritage known in this area. Biodiversity: VPO - VEGETATION PROTECTION OVERLAY - SCHEDULE 5.
Location & Connectivity
Access to transport, schools and local amenity around 231 Nell Street West.
Train Station
392m
Bus Stop
357m
Schools
330m
Road Type
residential
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Neighbourhood Profile
Proximity to amenities and local context impacting livability.
Social Housing
5.5%Train Station
392mBus Stop
357mCentre Zone
311mRoad Type
residential (Low Noise)School Catchment
330mWatsonia Snapshot
Broader suburb metrics that support the local story.
Population
5,352
Owner Occupiers
68%
Social Housing
5.5%
Crime Index
—
Not available
High Owner Occupier AppealLow Stock on MarketLow Vacancy
Explore Watsonia in more detail
Deep dive into growth, demand, demographics and comparable sales.
View Suburb Profile
