Ormeau Hills at a glance
4,858
People
$1,095,000
Median sale
$814/wk
Median rent
3.87%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
QLD › Ormeau Hills › Merivale Ave
$1,100,000
Last sold
27 June 2024
5
Bedrooms
5
Bathrooms
4
Car spaces
503 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
$1,100,000
27 June 2024 · derived via latest_sale
Local land rate: recorded House sales in Ormeau Hills (last 5 years) with land size have a median of $1,883/m² of land (n=157). Districts calculation from recorded sales — not a valuation.
Ormeau Hills at a glance
4,858
People
$1,095,000
Median sale
$814/wk
Median rent
3.87%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Vs Ormeau Hills
+0.5%
Median sale
Suburb $1,095,000
-0.02 pp
Gross yield
Suburb 3.87%
Suburb median $1,095,000 from 40 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 $814/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
UnknownArea
Ormeau Hills at a glance
4,858
People
$1,095,000
Median sale
$814/wk
Median rent
3.87%
Suburb gross yield
Median sale from 40 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Belle Property Hope IslandBest And Final Offers 29/6/2024
Nestled in the convenient and contemporary community of Ormeau Hills, this exceptional family residence boasts an impressive amount of living space with endless opportunities for dual living and/or a home business opportunity. Prepare to be captivated by the sheer size of the home, you won't want to miss the opportunity to view such an impressive build.
The abundant living areas offer ample space for the entire family to relax in complete privacy. The property features a comfortable casual living space and a kitchen that seamlessly extends to the covered outdoor alfresco area. Every corner is designed to provide comfort and enjoyment, ensuring a harmonious and spacious living experience.
The fully equipped kitchen offers generous counter space and ample storage options, including a walk-in pantry and a breakfast bar. With quality appliances and a thoughtful layout, this kitchen is designed to meet the needs of any home cook or entertainer.
As you explore the ground floor, you'll find a notably self-contained fifth bedroom with ensuite and kitchenette that offers for the perfect dual living capability. This space also makes for a home business venture with separate front access and private front deck. Additionally, you'll find a multipurpose media room and a downstairs office. Both of which can be converted to additional bedrooms, enhancing the homes adaptability and functionality.
As you ascend to the second level, you'll find the oversized primary suite with large walk-in-robe and ensuite with his and her vanities. Continuing along, you'll find a further three spacious ensuited bedrooms all with built in robes completing the upper level.
Positioned on a generous corner block the home offers a double garage, additional covered parking for another 2 vehicles, solar for energy efficiency, potential for pool construction and endless opportunities.
Property features include:
• 5 ensuited bedrooms
• Home office
• Multipurpose/media room
• Fully equipped kitchen with spacious benchtop, abundant storage, and walk in pantry
• Outdoor undercover alfresco
• Ground floor bedroom with kitchenette and dual living potential
• Oversized primary suite with walk-in-robe and ensuite with double vanities
• Ducted air-conditioning and ceiling fans
• Very spacious laundry
• Low maintenance block
• Plenty of options to add a pool
• Double garage , and covered driveway with electric gates
• 5KW solar system
• Walking distance to local playground and tennis court
Ormeau is a thriving suburb located in the northern part of the Gold Coast, Queensland. Known for its family-friendly atmosphere, Ormeau offers a blend of suburban tranquility and modern conveniences. The suburb is characterized by its well-planned residential communities, scenic parks, and green spaces, making it an ideal place for families and nature enthusiasts.
Education is well-catered for, with several reputable schools and childcare centers serving the area. Ormeau also boasts excellent connectivity, with easy access to the Pacific Motorway, facilitating smooth commutes to both Brisbane and the Gold Coast. Local amenities include shopping centers, cafes, and recreational facilities, ensuring residents have everything they need within reach.
The community spirit in Ormeau is strong, with numerous local events and activities fostering a sense of belonging among residents. Overall, Ormeau is a vibrant and welcoming suburb that offers a balanced lifestyle, combining the charm of suburban living with the conveniences of urban accessibility.
Listing description written by Sally O'Neill, Belle Property Hope Island — reproduced as published, not verified by Districts.
Nearby 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.