Cedar Grove at a glance
2,301
People
$1,125,000
Median sale
$699/wk
Median rent
3.23%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
QLD › Cedar Grove › Michelle Dr
$815,000
Last sold
15 Apr 2024
3
Bedrooms
2
Bathrooms
2
Car spaces
5,897 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
$815,000
15 Apr 2024 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Cedar Grove (last 5 years) with land size have a median of $202/m² of land (n=17). Districts calculation from recorded sales — not a valuation.
Cedar Grove at a glance
2,301
People
$1,125,000
Median sale
$699/wk
Median rent
3.23%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Vs Cedar Grove
-27.6%
Median sale
Suburb $1,125,000
+1.23 pp
Gross yield
Suburb 3.23%
Suburb median $1,125,000 from 6 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 $699/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
Cedar Grove at a glance
2,301
People
$1,125,000
Median sale
$699/wk
Median rent
3.23%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Meagan Read PropertyYou will love the feel of this home, with its soaring ceilings and beautiful decor - this property is fresh and delightful on many levels!
Nestled and hidden on 1.5 acres, the gardens are mature and varied, they have been thoughtfully planted to give a wall of privacy from the main street, once you drive down the bitumen driveway you will appreciate all the hard-work that's been done to make this property the oasis it is.
The home is two storey, upstairs is the large main bedroom with built in robes, air conditioning and dormer style window. There is a lounge room with scenic window to look out to the lagoon style inground pool and also a main bathroom. Downstairs is so inviting, the lounge-room has the soaring ceilings, exposed beams, another dormer style window and its all painted in white - this room is beautifully tiled throughout and comes with a slow combustion wood heater. Adjacent to the lounge room is the spacious dining room and well appointed kitchen. There are two bedrooms downstairs, another bathroom and the laundry. You will want to spend most of your time on the back veranda (with pot belly wood heater) , from this position you look out to the gardens, the pool with large deck area and the acreage. With gate access to the back paddock and shelter this area would be ideal for a couple of mini horses or sheep.
The property is fully fenced and comes with a 6m x 7m colorbond shed and there is room to park a boat or caravan and plenty of room to put a granny flat on too.
School bus pick up is in the area, its only a short drive to thriving Jimboomba or a easy commute to Brisbane.
Come and view, a home like this one does not come on the market often, if you are wanting a unique and special home- this is the one!
Pool safety certificate in place
Internet provider- NBN
Logan City council rates approx $546 per Quarter
Council trickle feed attached to rainwater tank
Listing description written by Renae Duff, Meagan Read Property — reproduced as published, not verified by Districts.