Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
QLD › Molendinar › Watford Cres
$1,250,000
Last sold
12 Aug 2025
4
Bedrooms
2
Bathrooms
6
Car spaces
1,036 m²
Land
290 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
$1,250,000
12 Aug 2025 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Molendinar (last 5 years) with land size have a median of $1,509/m² of land (n=116). Districts calculation from recorded sales — not a valuation.
Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Molendinar
-2.0%
Median sale
Suburb $1,275,000
+0.06 pp
Gross yield
Suburb 3.22%
Suburb median $1,275,000 from 36 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
City Plan
Zone
Low density residential, Large lot precinct
Low density residential, Large lot precinct
Jurisdiction
City of Gold Coast
Gold Coast, QLD
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
QLDZoned Low density residential, Large lot precinct (City Plan). Official parcel area about 1,040 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $789/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. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low density residential, Large lot precinct (City Plan). Official parcel area about 1,040 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 1,040 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White AllianceTEAM COREY AND STEPHANIE BANKS & JAMES DEVLIN & RAY WHITE ALLIANCE ARE EXCITED TO PRESENT 23 WATFORD CRESCENT, MOLENDINAR TO MARKET!
INSPECTIONS AVAILABLE, CONTACT US TODAY TO REGISTER FOR THE OPEN HOME - ATTEND IN PERSON OR VIRTUALLY VIA OUR ONLINE INSPECTIONS!
Tucked away in a peaceful Molendinar pocket and sprawled across a massive 1,036m² block, this charming residence is where timeless character meets modern comfort. Beautifully maintained and owner-occupied, 23 Watford Crescent is a standout opportunity for families seeking space, functionality, and lifestyle all in one.
From the moment you arrive, the long sweeping driveway hints at the scale of what's to come-ample off-street parking, a double undercover carport, a generous double lock-up garage, and even room for the caravan. Step inside and you're immediately greeted by rich wooden floors and elegant arched walkways that give the home its unique, welcoming charm. Sunlight filters through beautifully framed windows into the main living and dining zone, creating a bright and homely atmosphere that flows effortlessly throughout.
At the heart of the home, the stunning kitchen is designed to impress with its stone marble breakfast bar, warm wooden cabinetry, wall-mounted oven, double undermount sink, soft-close drawers, and matching stone benchtops. Whether you're cooking for the family or hosting a weekend gathering, this space blends practicality with refined style. A second living area provides the perfect breakout zone, flowing directly onto the outdoor entertaining area through sliding doors.
The master suite is a private haven, complete with a custom walk-in robe and a sleek ensuite featuring a walk-in shower and double vanity. Three additional bedrooms offer space for the whole family, two of which include built-in robes, and are serviced by a freshly renovated bathroom with contemporary finishes and a separate toilet. The laundry has been thoughtfully redesigned to mirror the kitchen's style, with matching stone benchtops, wooden cabinetry, striking patterned tiles, and a mirrored splashback, as well as plenty of extra storage throughout the home.
Step outside and you'll find your own backyard oasis. A tiled undercover patio sets the scene for outdoor dining and weekend relaxation, overlooking a lush green lawn and a sparkling saltwater chlorinated pool that's made for summer fun. Fully fenced and perfectly positioned with a sought-after south-west aspect, this home is as private as it is practical.
Ducted air conditioning flows throughout the entire home-including the garage-for year-round comfort. An electric cooktop and electric hot water system keep things simple, while a solar power system helps reduce your energy bills. The garage is a stand-alone structure with a separate entry, offering potential to be adapted into a teenager's retreat or additional living space.
Built in 1989 and thoughtfully updated over time, this is a property that tells a story-of warmth, space, and easy family living. Located just minutes from local schools, major shopping centres, the M1, and Gold Coast University Hospital, this home is as convenient as it is captivating.
Property Features:
- Long driveway with a double undercover carport and a spacious stand alone double garage with a seperate entry which can be converted into a teenagers retreat
- Fully fenced for privacy and security
- Welcoming entryway with stylish wooden flooring that flows seamlessly throughout the home
- Stunning arched doorway leading to the lounge and dining area, complemented by beautifully framed windows and another arched opening into the kitchen
- Stylish kitchen featuring a stone marble breakfast bar, warm wooden cabinetry, a wall-mounted oven, double undermount sink, soft-close drawers, and matching stone benchtops
- Second living area with sliding door access to the outdoor patio, perfect for relaxing or entertaining
- Renovated internal laundry fitted with matching stone benchtops, wooden cabinetry, patterned tiling, mirrored splashback, and ample storage
- Two additional built-in storage cupboards for added convenience
- Master bedroom retreat with a walk-in robe featuring custom shelving and an elegant ensuite with a walk-in shower and dual vanity
- Three additional bedrooms, two with built-in robes
- Separate toilet for added functionality
- Renovated main bathroom with a bathtub and contemporary finishes
- Outdoor tiled undercover patio ideal for entertaining
- Lush grassed area and a sparkling in-ground pool for year-round enjoyment
- Land size:1036m2
- Council rates biannually Approx. $1000
- Water rates quarterly Approx. $250 plus usage
- Owner Occupied
- NBN ready (FTTP)
- Double lockup garage plus double undercover carport plus caravan parking
- South West facing
- Ducted throughout including the garage
- Electric cooktop
- Electric hot water
- Solar power
- Built in 1989
Important: Whilst every care is taken in the preparation of the information contained in this marketing, Ray White will not be held liable for the errors in typing or information. All information is considered correct at the time of printing.
Listing description written by James Devlin, Ray White Alliance — reproduced as published, not verified by Districts.