This descends from the suburb to link with Marne Street on the eastern shore of the Andersons Bay Inlet.

The suburb stands on land which was owned by Dunedin early settler The Reverend Thomas Burns, whose dairy farm, Grant Braes, was located here.

The original farmhouse still stands, incongruously surrounded by modern housing, and the area of Waverley close to the northern end of Belford Street is still known by the slightly amended name of Grants Braes.

Today, the name is best known as that of a local football team, Grants Braes AFC, whose home ground is located 2 km (1.2 mi) to the southeast at Ocean Grove.

Waverley continues to follow the higher slopes past Burns Point, but the coast road itself is sparsely populated from here as far as The Cove, 1.6 km (0.99 mi) to the east.

[3] In the early years of Dunedin, the cliffhead overlooking Andersons Bay Inlet was the site of a colourful and notorious recreation area, the Vauxhall Gardens.

[3] The 23-acre (9.3 ha) site included a gymnasium, bandstands, dancing areas, a salt-water pool and a funicular railway.

The Vauxhall Yacht Club is housed in a modern building at the southern end of the small bay which lies immediately to the south of Burns Point.

Beyond it, in the centre of the bay's coast at the foot of Doon Street, is The White House, originally known as Dandie Dinmont.