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QLD › Pine Mountain › Velvet St

117 Velvet St, Pine Mountain QLD 4306

House

$450,000

Last sold

29 Mar 2019

4

Bedrooms

2

Bathrooms

2

Car spaces

5,921 m²

Land

160 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $450,000 (29 Mar 2019).(Recorded sale)
  • CalculationLand 5,921 m² against a 160 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Pine Mountain (last 5 years) with land size: median $219/m² of land (n=46). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$450,000

29 Mar 2019 · 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 Pine Mountain (last 5 years) with land size have a median of $219/m² of land (n=46). Districts calculation from recorded sales — not a valuation.

Pine Mountain at a glance

1,737

People

$1,280,000

Median sale

$571/wk

Median rent

2.32%

Suburb gross yield

Median sale from 15 recorded sales (last 12 months) — a Districts calculation.

See the full Pine Mountain report →

Vs Pine Mountain

-64.8%

Median sale

Suburb $1,280,000

+4.28 pp

Gross yield

Suburb 2.32%

Suburb median $1,280,000 from 15 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

201720182019$210k$450k
  • Sold (recorded)
  1. Sold$450,00029 Mar 2019
  2. Listedprice unknowncompleted22 Nov 2018
  3. Listedprice unknowncompleted22 Nov 2018
  4. Sold$210,0008 May 2017
  5. Listedprice unknowncompleted26 Feb 2016
  6. Listedprice unknowncompleted26 Feb 2016

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $571/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Pine Mountain in one glance

Pine Mountain at a glance

1,737

People

$1,280,000

Median sale

$571/wk

Median rent

2.32%

Suburb gross yield

Median sale from 15 recorded sales (last 12 months) — a Districts calculation.

See the full Pine Mountain report →

Keep researching

  • Why Pine Mountain? Read the area thesis →
  • What else is on the market in Pine Mountain →
  • Other records on Velvet St →

Listing material

Listed by NGU Real Estate Ripley

ANOTHER ONE SOLD BY STEVE ATHANATES - RESULTS SPEAK LOUDER THAN WORDS

Key Features: Only 1 year old, Four built-in bedrooms, master with ensuite & WIR, large living area, stunning designer kitchen with stone benchtops & full stainless steel appliances including a dishwasher, a double remote garage on a private 5,921m2 block with room for a pool, sheds or to park boats or caravans.

This gorgeous feature packed four bedroom family home is only 1 year new and is move in ready for your family. Just add your own personal touches to the landscaping and build your dream shed in the position that you want it – not where someone else put it.

This gorgeous near new family home is totally unique and offers features and benefits that you never thought you could achieve in this price bracket and it is truly your paradise found in the suburb of Pine Mountain.

Read the full description

Furthermore, this home is proof positive that you don’t have to spend $500,000 and beyond in order to own a quality home, positioned on a private 5,921m2 (acre and a quarter) block in a prime and private position in one of Ipswich’s most sought after acreage estates.

This block is perfect for anyone with the largest caravan or boat or for those who are either tradies or collectors and need room to build the biggest shed to house the prized toys or business equipment.

There is clearly plenty of room for sheds, the largest pool as well as the space for your kids and pets to run and play. But all that is about the block – Let’s talk about the house.

The house itself is stunning! It is ultra-low maintenance and it comes with the balance of five years of the six year BSA structural warranty. The home offers four built-in bedrooms all with fans and full security screens and are serviced by the large main bathroom of the home that offers designer look tiles, a separate shower and bath for those with smaller children.

The master bedroom offers a gorgeous ensuite and walk-in robe for your convenience and a large sliding door out to the private yard where you could build your future outdoor entertainment area, spa or pool.

Like all good homes the kitchen of this home is centrally located and overlooks the large open plan living area as well as the outdoor living space and private 5.921 private and leafy block. The kitchen is a good size and comes complete with loads of bench and cupboard space as well as stone benchtops and full stainless steel appliances including a dishwasher.

This home is the perfect entry level home for young couples or downsizers that want to have a near new home in one of Ipswich best acreage estates. You just have to finish the landscaping and add your own personal touches with a pool, shed or both.

Extras to the home include but are not limited to full security to all windows and doors, solar panels on the roof and solar hot water, full rear yard access and a full bitumen driveway down to the entrance to the block.

This prime acreage home is positioned just minutes from Brassall shops and schools and the Warrego Highway offers quick access for the busy Brisbane commuter.

The home is located on a near level 5,921m2 block and is only a short drive to the Bush Kids Day Care Centre and the West Moreton Anglican College, the Brassall Shopping Centre with Woolworths and loads of specialty stores, bus transport at your door and quick highway access to Brisbane or Toowoomba.

This is not a time to dream of the future, act now because if you don’t act quickly, someone else will steal away the best value family home in Pine Mountain!

Most importantly, the owners of this truly spectacular property have priced it realistically to sell quickly at only $469,000.

Listing Agent: Steve Athanates

Don't be disappointed, call me now - I'm waiting for your call.

NGU Real Estate Ipswich - with Offices at Brassall, Ripley & Karalee – We’ve got Ipswich covered!

Results Speak Louder Than Words

(Every precaution has been taken to establish accuracy of the above information but does not constitute any representation by the vendor or the agent.)

Listing description written by Steve Athanates, NGU Real Estate Ripley — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.