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QLD › Mermaid Waters › The Lanes Blvd

1401/2 The Lanes Blvd, Mermaid Waters QLD 4218

For saleApartment

$281,255

For sale

Asking

2

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $281,255 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $281,255(Listing record · 11 Jan 2025)
  • CalculationAsk is 87% below the Mermaid Waters median recorded sale ($2,140,000, n=63, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mermaid Waters's advertised median rent ($943/wk), implied gross yield would be 17.43% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

The ask against the evidence

Asking

$281,255

Asking

No recorded sale for this property.

Mermaid Waters at a glance

14,316

People

$2,140,000

Median sale

$943/wk

Median rent

2.29%

Suburb gross yield

Median sale from 63 recorded sales (last 12 months) — a Districts calculation.

See the full Mermaid Waters report →

Vs Mermaid Waters

-86.9%

Median sale

Suburb $2,140,000

+15.14 pp

Gross yield

Suburb 2.29%

Suburb median $2,140,000 from 63 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$281,255
Stamp Duty (Queensland)
$8,269
Transfer/Registration Fee
$760
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$293,984

$12,729 on top of the price (4.5% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Mermaid Waters's advertised median rent — not a rent for this listing.

Net yield
15.93%
Annual cashflow (pre-tax)
$30,192
Interest cover (DSCR)
3.06
Annual rent
$49,036
Operating expenses
$4,219
Loan amount
$225,004
Annual interest
$14,625
Gross yield
17.43%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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

  1. Listed$281,255available11 Jan 2025

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 $943/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

Gross yield if leased at the suburb aggregate is 17.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

Mermaid Waters in one glance

Mermaid Waters at a glance

14,316

People

$2,140,000

Median sale

$943/wk

Median rent

2.29%

Suburb gross yield

Median sale from 63 recorded sales (last 12 months) — a Districts calculation.

See the full Mermaid Waters report →

Keep researching

  • Why Mermaid Waters? Read the area thesis →
  • What else is on the market in Mermaid Waters →
  • Other records on The Lanes Blvd →

Listing material

Listed by Century 21 Central Gc

Luxury Lakeside Living at The Lanes Residences, Mermaid Waters

Welcome to 1401/2 The Lanes Boulevard, a luxurious residence perfectly positioned in the prestigious East Village of The Lanes Residences. This exquisite fourth-floor apartment is vacant and ready for you to move in, offering an unparalleled blend of modern design, premium finishes, and tranquil lakeside living. !

Spanning 121sqm, this two-bedroom, two-bathroom, two-car + Storage cage apartment is an oasis of sophistication and comfort. Both bedrooms showcase stunning lake views, ensuring a serene ambiance that complements the natural beauty of the surrounding area. The master suite is a true retreat, featuring a walk-in robe and a private ensuite adorned with a double vanity, a freestanding bathtub, and a walk-in shower, all designed to exude elegance and relaxation.

At the heart of the home is the spacious, open-plan living and dining area, seamlessly integrated with a state-of-the-art kitchen. Outfitted with premium Smeg appliances, including a built-in fridge and freezer, the kitchen is a culinary delight with sleek stone benchtops and ample storage. The oversized multipurpose room adds versatility to the layout, ideal for a home office, media room, or guest space.

Read the full description

Step out onto the private balcony and take in the breathtaking views over the lake—perfect for enjoying your morning coffee or evening wine.

World-Class Amenities and Exclusive Community:

Residents of The Lanes Residences enjoy a safe and secure environment, with exclusive access to premium amenities. As a residents-only building with just 320 apartments spread across four elegant towers, privacy and community are at the forefront of this boutique development. Features include:

- Resort-style swimming pool for relaxation and leisure

- Fully equipped commercial-grade gymnasium with state-of-the-art TechnoGym equipment

- Sauna facilities to unwind and rejuvenate

- Private residents' lounge and function room, ideal for hosting gatherings

- BBQ areas set amidst beautifully landscaped gardens

Prime Location:

Nestled in the heart of Mermaid Waters, The Lanes Residences combines lakeside tranquility with urban convenience. You'll be moments from the vibrant Pacific Fair Shopping Centre, boasting luxury retail, dining, and entertainment options. The pristine beaches of Broadbeach and its buzzing café culture are just a short drive away.

The Lanes precinct itself offers boutique shopping, waterfront dining, and lush parklands, all within walking distance. With easy access to public transport, excellent schools, and medical facilities, this location provides everything you need for an exceptional lifestyle.

Your Opportunity:

1401/2 The Lanes Boulevard is more than just an apartment—it's an invitation to a lifestyle of luxury, comfort, and unparalleled convenience. Whether you're downsizing, investing, or searching for your dream home, this vacant property offers a rare opportunity to secure a piece of the highly sought-after Mermaid Waters community.

Contact us today to arrange a private viewing and experience firsthand the elegance and tranquility of lakeside living at The Lanes Residences.

*Furniture is Virtually Stage*

Listing description written by Ty Van Der Meulen, Century 21 Central Gc — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • In-Ground Pool
  • Study

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

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