Gumdale at a glance
2,392
People
$1,970,000
Median sale
$799/wk
Median rent
2.11%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
QLD › Gumdale › Formosa Rd
$1,500,000
Last sold
23 July 2020
0
Bedrooms
0
Bathrooms
0
Car spaces
20,200 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
$1,500,000
23 July 2020 · derived via latest_sale
Gumdale at a glance
2,392
People
$1,970,000
Median sale
$799/wk
Median rent
2.11%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Vs Gumdale
-23.9%
Median sale
Suburb $1,970,000
+0.66 pp
Gross yield
Suburb 2.11%
Suburb median $1,970,000 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 $799/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Gumdale at a glance
2,392
People
$1,970,000
Median sale
$799/wk
Median rent
2.11%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX AdvantageWith Luxury new homes lining this section of Formosa Road and people's desire for privacy this rare DRY 5 acre block should be the first on your list. This is a great opportunity for one family with vision to build their own home and not have to pay the premium price for a spec home that may not be your 10/10 home.
Whether you are loving the American style or more of a modern home or a mix of both, it is all your choice. Do you need a 16 car garage or are you happy with a 6 car garage and a large shed for all your toys. You can have whatever you desire. I know one thing for certain this is acreage at its best. With the space 5 acres offers and the location which is only a short walk to the Gumdale State School and Gumdale Village you have the quiet lifestyle and the proximity to all desirable amenities.
This has been tightly held since 1967 as a lot of these prestige acreage sites are. It is time for a new family to put their stamp on it. With high end luxury homes being developed all throughout Gumdale now is the time to build yours! I have added a few examples of what could be built. Call your builder and tell them you have found a block!!
With partial clearing already in place we have a full report from town planners prepared and available on request. This indicates 2500m2 can be cleared for a house pad and there may be further clearings possible STCA.
- Super quiet location in the Gumdale state school catchment
- Plenty of sought after private schools to choose from
- Gumdale State School within walking distance
- 20 Minutes to the CBD
- 20 Minutes to the airport
- 10 Minutes to the Manly Boat harbour
- 8 Minutes to Westfield Carindale
- Less than 5 Minutes to the Gumdale Village
- Easy access to the Gateway motorway
- Only 20 minutes to the Airport
This is a premium 5 acre block with no flooding and with little traffic noise. Located close to everything this is the one that will be hard to replicate as there aren't many 5 acre blocks left in such a blue chip part of Gumdale. I look forward to hearing from you soon.
Disclaimer
Please bare in mind that the information given is for guideline purposes only and that the potential buyer needs to be aware that they will need to carry out their own investigation in regards to any due diligence, a potential location of house pad, further information on any environmental overlay and any other information we may not be aware of during the sales campaign.
Due to the circumstances of the sale, we do not hold any responsibility for any information that is given and such information should only be taken as a guide, the full responsibility of acquiring any further information is in the hands of the buyer.
We do not take any responsibility for the state of the existing house and any potential demolition issues that may arise, due to any asbestos (if any) and, any possible issues that may arise with council regarding vegetation removal.
As the property is being sold without a price by way of Tender, we are unable to provide a price guide. Upon request are will provide interested buyers with recent market sales to use as a guide only.
Listing description written by Todd Gerhardt, RE/MAX Advantage — reproduced as published, not verified by Districts.