Ferny Grove at a glance
6,331
People
$1,353,606
Median sale
$718/wk
Median rent
2.76%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
QLD › Ferny Grove › Corrofin St
$825,000
Last sold
6 May 2024
3
Bedrooms
1
Bathrooms
2
Car spaces
544 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$825,000
6 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Ferny Grove (last 5 years) with land size have a median of $1,512/m² of land (n=147). Districts calculation from recorded sales — not a valuation.
Ferny Grove at a glance
6,331
People
$1,353,606
Median sale
$718/wk
Median rent
2.76%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Vs Ferny Grove
-39.1%
Median sale
Suburb $1,353,606
+1.77 pp
Gross yield
Suburb 2.76%
Suburb median $1,353,606 from 34 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $718/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Ferny Grove at a glance
6,331
People
$1,353,606
Median sale
$718/wk
Median rent
2.76%
Suburb gross yield
Median sale from 34 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Marsden AKGSOLD AT AUCTION BY RACHEL HOBBS - RAY WHITE AKG!
POSITION MEETS OPPORTUNITY! As true as ever, this kind of solid, brick and tile project home offers an unmatched opportunity to crack into the Ferny Grove market! Walking distance to the train, schools and shops - this corner allotment truly does tick a lot of boxes!
Located in the private and quiet back streets of Ferny Grove, 1 Corrofin Street has plenty to offer. Suitable to anyone looking to move in or invest, this ready-to-go home offers a welcoming layout with space to expand. The 3 bedrooms are all well appointed and private from the rest of the home. A 'kids retreat' lays in the rear off the family bathroom and guest beds and offers direct access to the yard. The main living and dining room also seamless connect to the patio area by sliding doors. With that family in mind the kitchen overlooks the outdoors and offers ample storage and modern appliances. 1 Corrofin Street offers every opportunity to add value to these spaces, while also providing a perfectly functional space to personalise the work!
Property Highlights:
- 3 well-appointed bedrooms, 2 with built-in robes
- Large open-plan living and dining room with direct access to the rear patio and yard
- Generous kitchen with ample storage and modern appliances
- Family bathroom with separate toilet
- Single lock up carport space with through access to additional parking
- Dedicated laundry with internal and external access
- 544m2 corner block with side access
- 10min walk to Train line, shops and schools
- Opposite park/playground for family convenience
With every opportunity to make it your own or expand, you can even rent it out for a generous return on investment! Corner blocks with project homes are few and far between in this market, especially in a suburb as desirable as Ferny Grove. Going to auction on the 5th of May if not sold prior - contact the Rachel Hobbs team today to arrange your inspection or to make an offer!
Listing description written by Rachel Hobbs, Ray White Marsden AKG — reproduced as published, not verified by Districts.
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