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QLD › Millbank › Penny St

16 Penny St, Millbank QLD 4670

House

3

Bedrooms

1

Bathrooms

1

Car spaces

551 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

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

Why this property?

  • FactLand 551 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Millbank (last 5 years) with land size: median $582/m² of land (n=95). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

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

What this lot has actually traded at

Last sold

No recorded sale price for this property yet.

Local land rate: recorded House sales in Millbank (last 5 years) with land size have a median of $582/m² of land (n=95). Districts calculation from recorded sales — not a valuation.

Millbank at a glance

2,614

People

$620,000

Median sale

$560/wk

Median rent

4.70%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full Millbank report →

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. Soldprice unknown3 Nov 2023
  2. Listedprice unknowncompleted3 Oct 2023
  3. Listedprice unknowncompleted3 Oct 2023
  4. Soldprice unknown18 Aug 2021
  5. Listedprice unknowncompleted6 May 2021
  6. Listedprice unknowncompleted6 May 2021

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 $560/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

Millbank in one glance

Millbank at a glance

2,614

People

$620,000

Median sale

$560/wk

Median rent

4.70%

Suburb gross yield

Median sale from 27 recorded sales (last 12 months) — a Districts calculation.

See the full Millbank report →

Keep researching

  • Why Millbank? Read the area thesis →
  • What else is on the market in Millbank →
  • Other records on Penny St →

Listing material

Listed by Ray White Bargara

Elegant Queenslander With Gorgeous Charm In Millbank

Welcome to this charming and elegant residence in a convenient location, just a short commute away from the bustling Bundaberg CBD, this attractive Queenslander is sure to have you enchanted by the tranquil surroundings and the recently renovated features that make this home truly special.

As you approach the property, you'll be greeted by the solid white timber fencing that adds a touch of class and privacy and creates a peaceful setting where you'll find yourself in a world of timeless beauty. This sytlish Queenslander home exudes a genuine feel of sophistication and offers a warm and inviting atmosphere that is sure to please the most fastidious of buyers.

The home's interior has been lovingly updated, ensuring that every corner reflects modern tastes while preserving the home's unique character. With three spacious bedrooms this home provides more than ample space for beautiful relaxation retreat, while the charming modern kitchen steals the show with its central island and butler's pantry. It's the perfect place to whip up culinary delights while entertaining family and friends with easy access to dining and outdoor area.

Read the full description

In addition to its aesthetic appeal, this home also offers practical features that enhance your everyday living including a single lock-up shed automatic door and an additional extra large carport and a large double garden shed with power supply provide secure parking and storage options. while the large bathroom offers a spa-like retreat, allowing you to unwind after a long day.

Stay comfortable year-round with split system air conditioning units plus enjoy the benefits of large solar power system reducing your environmental footprint while saving on energy costs.

This remarkable property combines convenience, elegance, and functionality, making it a dream come true for those seeking a home that exudes charm and class. Don't miss the opportunity to make this beautiful residence your own. Schedule a viewing today and let the magic unfold!

At a glance

Home

- Polished timber floorboards

- Three bedrooms with BIR's & air conditioning

- Charming kitchen with central island & butlers pantry

- Fully timber fenced

- Single car garage, double large garden shed & additional car port

- 6.6kw Solar panel system

- Four split-system air-conditioners

- Double side access

Location

- 4 minute drive to Sugarland Plaza shopping centre

- 19 minute drive to Bargara Beach

- 21 minute drive to Moore Park Beach

- 4 minute drive to the Bundaberg Base Hospital

- 4 minute drive to the Brothers Sports Club

*Whilst every endeavour has been made to verify the correct details in this marketing neither the agent, vendor or contracted illustrator take any responsibility for any omission, wrongful inclusion, misdescription or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided.

The floor plan included in this marketing material is for illustration purposes only, all measurement are approximate and is intended as an artistic impression only. Any fixtures shown may not necessarily be included in the sale contract and it is essential that any queries are directed to the agent.

Any information that is intended to be relied upon should be independently verified

Listing description written by John Price, Ray White Bargara — reproduced as published, not verified by Districts.

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.