Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
QLD › Molendinar › Panache St
$860,000
Last sold
17 May 2024
3
Bedrooms
2
Bathrooms
2
Car spaces
608 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
$860,000
17 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Molendinar (last 5 years) with land size have a median of $1,509/m² of land (n=116). Districts calculation from recorded sales — not a valuation.
Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Molendinar
-32.5%
Median sale
Suburb $1,275,000
+1.55 pp
Gross yield
Suburb 3.22%
Suburb median $1,275,000 from 36 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 $789/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
Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by MIC Homes RentalsAn Ugly Duckling has today become a Beautiful swan!!!
Beautifully Renovated Property in an upcoming suburb that is suited for the First Home Buyer or Investor who wants nothing to do with repairs or renovations down the road.
On Large Block Approx 608 sq/m with potential to extend home to include outdoor entertainment, swimming pool and more living areas (of cause with Council Approval)
FREE of abestoes that have all been safely removed (Clearance Certificate available)! New Plasterboards throughout!
Newly Painted! NEW Bathrooms ( Ensuite & Guest)! New Powder Room! New Kitchen, Floors, Dry Walls, Aircond, etc!
Located in a superb upcoming suburb and so close to about everything you can possibly think of including Griffith Hospital & University, Private & Public Schools, Ashmore Shopping Centre, Bunnings, Medical Centres, the M1 and much more!
All Boxes Tick! Tick! Tick! The future of this property is bright. Get in now or miss the proverbial boat!
Beautifully renovated and will give one joy to come home to after a hard day's work! Even after the renovations, due to the size of the land, this home has still not reached its full potential. Plenty of equity still to be made!! A little creativity will go a long way and make this home highly profitable for the New Home Maker or Investor in the very, very near future.
No Trees on the land (except for the palms)! All the hard work has been done! Enjoy the property and let your dog/pet have the large backyard space it deserves! Or just add a swimming pool or a Granny Flat Concept House Extension, Large Outdoor Deck area, Swimming Pool.
The current completed renovations feature:
• New Kitchen & Flooring throughout.
• Wardrobes in all 3 Bedrooms
• Fully Renovated Bathrooms (Ensuite) with high end Vanities and Fixtures
• Smoke Alarms, Electrical Re-wired and New Power Points & Switches
• Air-conditioning, New lighting, Wirings & Switches
• Beautiful Tiled Front & Back Entries And much, much, more!
This property is located just behind Bunnings, Olsen Avenue and in a quiet street where nearby surrounding homes prices have been going up in leaps and bounds!
Do your research!! Location, Location, Location! Griffiths Hospital, Griffith Uni, Ashmore & Crestwood Shopping Centres, Medical Centre, Trinity Lutheran College, Aquinas College, Guardian Angels School, M1 to Brisbane and South to Coolangatta are so, so close by - A house made for those who like to be there and back in no time! No Fuss! No Traffic Jams! You simply cannot go wrong!
Will rent approx for approx $800 per week. Low vacancy rate for good properties!
Call now for an inspection.
Disclaimers:
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accepting no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.
Listing description written by Jose Morales, MIC Homes Rentals — reproduced as published, not verified by Districts.