Can someone explain the difference between Ascot and Ascot Waters?

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KFC4me 2yrs+
Ascot Waters is the bit 'facing the city' on the city side of the Ascot racecourse. It is upmarket and the houses are on small blocks, up to 3 storeys high and almost terrace style in some spots. It has access to the boat marina and lots of good parks and walking areas. Ascot - the rest of the suburb is on the other side of the racecourse and has a range of housing. SOme is asscoaited with the stables areas and some is more regular like in the Tibradden Estate further down the hwy.
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