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
$520,000
Last sold
29 Oct 2018
3
Bedrooms
2
Bathrooms
4
Car spaces
5,663 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
$520,000
29 Oct 2018 · derived via latest_sale
Local land rate: recorded House sales in Cedar Grove (last 5 years) with land size have a median of $182/m² of land (n=18). 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
-53.8%
Median sale
Suburb $1,125,000
+3.76 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 Avenue PropertyThis well-appointed low set provides the ultimate family living lifestyle. Perched on private, child-friendly grounds in highly-sought after suburb of Cedar Grove, this property will impress from the first moment of viewing. Down the driveway and past the gardens to a sprawling acreage allotment while a classic facade beckons with the promise of upgraded character within. The generously proportioned floor plan unfolds in an expression of family comfort across a single level of living while capitalizing on the acreage views that are on offer.
Formal and informal spaces are open yet distinct, creating the perfect layout to suit all occasions. The kitchen is open and versatile, offering an entertaining point that easily services the living and dining area. The glass sliders open the home up to provide a seamless connection from inside to out and encourages alfresco entertaining all throughout the year - a perfect point of relaxation and enjoy the lifestyle that only living on acreage can provide.
There are three generous bedrooms + study, each with the grace and tradition that features throughout the home. This includes an impressive master retreat complete with a walk through robe and lavish ensuite.
After more space no problem massive rumpus room with its own pot belly fire place yes this is the second one, so keeping warm is not a problem, this room would also make the perfect teenagers retreat. With full length front and rear veranda's in fact they are on three sided of the home, this is truly a family home designed for our amazing Queensland climate.
A swimming pool, shed, carport, vegetable gardens and fruit trees complete the picture, so if you are after a unique property and an amazing lifestyle contact us today to book a private inspect or we will see you at the open home if this is not sold prior.
Some features of 120 Michelle Drive in Cedar Grove include:
3 Bedrooms + Study
All bedrooms with built ins
Master bedroom with walk through robe & lavish Ensuite
2 Bathrooms
2 Separate lounge rooms
Study
2 Pot belly fire places
Rumpus/teenagers retreat
Wrap around veranda's on 3 sides
Quality kitchen
Meals area
Air conditioning
Pool
Logan City Council
Shed
Carport
5,663m2 (over one and a quarter acres)
Vegetable gardens
Fruit trees
Fully fenced
+ more
Due to extreme buyer demand, some properties may have been secured by another party prior to the advertised open home. Therefore confirmation of the open home with the listing agent is advised to avoid any disappointment.
Listing description written by Brad Scott, Avenue Property — reproduced as published, not verified by Districts.