Park Ridge South at a glance
1,717
People
$1,400,000
Median sale
$725/wk
Median rent
2.69%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
QLD › Park Ridge South › Merluna Rd
3
Bedrooms
2
Bathrooms
10
Car spaces
4,588 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Park Ridge South (last 5 years) with land size have a median of $129/m² of land (n=7). Districts calculation from recorded sales — not a valuation.
Park Ridge South at a glance
1,717
People
$1,400,000
Median sale
$725/wk
Median rent
2.69%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
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 $725/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.
Nearby
Area
Park Ridge South at a glance
1,717
People
$1,400,000
Median sale
$725/wk
Median rent
2.69%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Vision Homes Real EstateTHE MOTIVATIONS OF THE SELLER ARE CLEAR, THIS BEAUTIFUL HOME MUST GO...
Presenting the perfect opportunity for one lucky buyer to purchase their dream home at 114-116 Merluna Road Park Ridge South. Located in a prime spot, acreage living at it's best yet so close to all amenities that you would be after like main Shopping Centre's, great Schools & Local Transport. This home is a must see.
IF YOUR TICK BOX INCLUDES:
ACREAGE LIVING BUT CENTRAL TO EVERYTHING- TICK
MODERN STYLE CLEAN HOME- TICK
CONCRETE SLAB FOR POTENTIAL GRANNYFLAT- TICK
SHED & MULTIPLE ENTERTAINING AREAS- TICK
The current owners have dedicated a lot of effort, time & money transforming a once tired home into a beauty, this modern sleek & yet practical home is ready for the new buyers to move in and enjoy.
Starting from the large rooms & freshly tiled main living area straight through to the master bedroom, newly renovated bathroom with heated towel racks, Ensuite & Kitchen. Not to mention the recently re-painted internal walls.
114-116 MERLUNA RD PARK RIDGE SOUTH FEATURES INCLUDE:
# 3 Great rooms
# Renovated Bathroom
# Renovated Ensuite
# Newly renovated Kitchen
# Newly tiled Flooring
#Newly installed downlights
# Newly renovated entertaining areas
# 3x Reverse cycle Air-conditioning units & NEW Ceiling Fans throughout
# Concrete Pad for potential Granny flat/Outdoor Office Unit
# 4 Bay shed plus 6 Bay carport
# Awesome outdoor patio with dimming lights
# Fully fenced property with Electric gates
# 2 Large Water tanks
# Huge 4588sqm Block of Land
LET LIST GOES ON!!!
If you had ever wanted to be close to nature and have wild life at your doorstep, this is the place to be as there is a natural reserve backing onto your yard ( meaning you won't be built in) your neighbours would be YOUR local Kangaroos.
Proudly marketed by Loc Truong, so make the move today call me on 0424 930 155 to book in your private inspection Or attend the open home BEFORE you miss out on the opportunity of a life time.
Listing description written by Loc Truong, Vision Homes Real Estate — reproduced as published, not verified by Districts.