Redcliffe at a glance
5,350
People
$970,000
Median sale
$682/wk
Median rent
3.66%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
$750,000
Last sold
8 Mar 2024
3
Bedrooms
1
Bathrooms
1
Car spaces
848 m²
Land
111 m²
Building
Districts View
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
$750,000
8 Mar 2024 · derived via latest_sale
Local land rate: recorded House sales in Redcliffe (last 5 years) with land size have a median of $1,491/m² of land (n=99). Districts calculation from recorded sales — not a valuation.
Redcliffe at a glance
5,350
People
$970,000
Median sale
$682/wk
Median rent
3.66%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Redcliffe
-22.7%
Median sale
Suburb $970,000
+1.07 pp
Gross yield
Suburb 3.66%
Suburb median $970,000 from 27 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.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 848 m² — that is not official geometry. 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 for this property.
Rental
No advertised rent is recorded. Suburb median rent $682/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 for this property. 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
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 848 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
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
Redcliffe at a glance
5,350
People
$970,000
Median sale
$682/wk
Median rent
3.66%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by HouseSmart Real EstateWelcome to this enclosed and secure three-bedroom, one-bathroom, double brick and tile home, originally built in 1964 and vastly improved since! This 848m2 full size green title R20 zoned block enjoys a prominent position within Redcliffe, directly opposite the popular Redcliffe Park and Community Centre! Enjoy a comfortable internal living space, coupled with a brilliant rendered brick and aluminium slat fence that encloses the yard, a covered patio at the front that wraps all the way around to the rear, double carport and full width paved driveway, built in brick fireplace, lovely timber floorboards throughout, a modern and renovated kitchen with 900mm wide gas oven, stone benchtops and built in dishwasher, stylish lead-light feature windows, built in robes, and a massive workshop at the rear. There is so much to love about this property. Currently leased at $500 per week until March 2024, you have plenty of options both as an investor seeking to retain the tenant, or as an owner-occupier seeking to move in and enjoy!
Property Highlights Include:
- Three-bedroom, one-bathroom home built in 1964
- 848 square metre block zoned R20
- Brilliant position opposite Redcliffe Park
- Rendered brick and aluminium slat front fence
- Approximately 264m2 of undercover roof space
- Double-car garage
- 3-phase bore with automatic reticulation
- Ducted evaporative Air Conditioning
- Supreme workshop, lined, insulated with power and water
- Large rear metal patio, perfect for entertaining
- Manicured lawns front and rear
- Split cycle air conditioning in the primary bedroom and rear lounge room
- Timber floorboards throughout
- Renovated kitchen with stone benchtops, built in dishwasher, and 900mm wide gas oven
- Brick open fireplace
- Leased until March at $500 per week
Investor Summary:
- The property is currently leased until March 2024 at $500 per week
- Beyond March 2024 the lease becomes month-to-month, if you are an investor seeking to retain the tenants then this gives you options to offer a new fixed term lease to the tenants, equally a periodic lease provides you with options to request vacant possession.
- Market rent for 16 Grand Parade is approximately $640 per week.
- Based on a purchase price of $679,000 and market rent, the estimated gross annual rental yield here is 4.91%
- HouseSmart Real Estate is highly active in Redcliffe and surrounds, and can provide high-quality property management services throughout the course of the tenancy and beyond.
Drive up to the front of this property and admire the excellent landscaping, which works to build a sense of retreat and seclusion – your own little slice of paradise in Redcliffe! The sleek front fence wraps around the whole streetfront and northern front edge of the block, presenting the home in all its glory. Park in your front driveway or inside the double-car garage, and enjoy well kept front grass, garden beds, and a spacious front patio with paved flooring. Lovely square leadlight windows provide front views here for you, but can also be opened in an awning style letting a fantastic breeze through the home.
Be welcomed inside and walk across polished timber floorboards in the front entrance and living space. This space is kept comfortable with openable awning style leadlight windows, an open brick fireplace with gas bayonet fitting, and plenty of powerpoints.
Stepping into the kitchen, be amazed by the quality renovations present. There’s a large U-shaped benchtop that provides you with plenty of space to use appliances, entertain, eat and prepare meals. Prominent here is the central skylight, windows that draw you to the side of the home, a built in dishwasher, and a full 900mm wide gas oven and built in rangehood! Fantastic. The home also features a rear lounge room with split-cycle air conditioner as well as large windows that faces your backyard – this space is a great one for setting up as your primary relaxing zone, hobby area or family space.
Your primary bedroom here is a great size, with carpet flooring and a front facing position with awning style leadlight windows that open up to your front yard. Built in robes and a split cycle air conditioning unit keep the space extra usable too!
Continue on to the rear of the property and be prepared for excellence. A massive full width patio provides the ultimate outdoor entertainment space. There’s a luscious green back lawn here, and paved path to the workshop which is ideal for your hobby needs, storage needs or anything at all!
The property is located directly opposite Redcliffe Park and Redcliffe Community Centre, and is only a short trip to nearby and popular Belvidere St Shops. More serious shopping can be done around the corner at Belmont Forum Shopping Centre too, or simply jump onto Great Eastern Highway and drive into the city – it’s less than 20 minutes drive! Commuting is simple with buses available nearby on Epsom Avenue, and a range of major roads closeby also including Tonkin Highway, Leach Highway and Great Eastern Highway. For those who are FIFO or love to travel – Perth Airport is just on the other side of Tonkin Highway!
Don’t miss out on this property – say hello to our team today.
Listing description written by Adam Bettison, HouseSmart Real Estate — reproduced as published, not verified by Districts.