Mount Morgan at a glance
2,134
People
$355,000
Median sale
$360/wk
Median rent
5.27%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
QLD › Mount Morgan › James St
$160,000
Last sold
26 Sept 2023
2
Bedrooms
1
Bathrooms
0
Car spaces
498 m²
Land
65 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
$160,000
26 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in Mount Morgan (last 5 years) with land size have a median of $222/m² of land (n=156). Districts calculation from recorded sales — not a valuation.
Mount Morgan at a glance
2,134
People
$355,000
Median sale
$360/wk
Median rent
5.27%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Mount Morgan
-54.9%
Median sale
Suburb $355,000
+6.43 pp
Gross yield
Suburb 5.27%
Suburb median $355,000 from 17 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 $360/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
UnknownArea
Mount Morgan at a glance
2,134
People
$355,000
Median sale
$360/wk
Median rent
5.27%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Discover Real EstateThis 2-bedroom sweetheart cottage is perfect for someone just jumping onto the property ladder or looking to downsize with vacant possession available from mid-October on.
The house is on an easy-to-maintain, gently sloping, fully fenced 498sqm block. The house is high enough off the ground to benefit from the cooling effect of being elevated but it is low enough to appeal to those looking for something near ground level, at the front.
From the front door, you enter via a vestibule that would make a perfect study. There is a bedroom to the immediate left and a lounge in front of you, with the main bedroom off of it.
Moving through leads you to the kitchen, which has a pantry built into the old stove recess and could be fitted out with cupboards to suit the space. The potential is there for a built-in bar-style eating area to make optimal use of the space and provide a dining area in this cosy cottage. With some splashbacks made of modern, powder-coated pressed tin splashbacks to accent the space, you can really show off the heritage features of the home.
Off the kitchen, you will find the bathroom, which is workable as is but with some adjustments to the layout could fit in a fantastic modern style 3 piece bathroom, with some additional storage capacity.
At around 65 sqm, this isn't a mansion on the hill but it is a ready-made investment with tenants in place who have expressed a strong desire to stay on when this current lease expires in October. With rent currently at $220pw but with the capacity to be around $300+, there is strong positive gearing potential here.
All that being said, if you are looking to move in, vacant possession is available from 13th October on. She would be a perfect little renovator's delight and has serious capital gains growth capacity. This one is really up to you to decide what your best options are.
As a bit of icing on top, the property is being changed over from an old-school septic system to main sewerage. The plumber has been engaged and the plans have been submitted to the council. The works are imminent and should be done and dusted by the time a contract for the property can be settled. This means that all the wastewater plumbing will be new, saving thousands in potential future costs.
With endless possibilities, this one is definitely worth a sticky-beak. Call today to find out more, book an inspection or make an offer. At this price, it won't last long.
Listing description written by Angela Douglas, Discover Real Estate — reproduced as published, not verified by Districts.
Nearby 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.