Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
QLD › Mermaid Waters › Drayton Tce
4
Bedrooms
3
Bathrooms
2
Car spaces
807 m²
Land
281 m²
Building
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Mermaid Waters (last 5 years) with land size have a median of $2,870/m² of land (n=66). Districts calculation from recorded sales — not a valuation.
Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
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 $943/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.
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
Mermaid Waters at a glance
14,316
People
$2,130,000
Median sale
$943/wk
Median rent
2.30%
Suburb gross yield
Median sale from 64 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Malan + CoSet on a 807m²* block with a 16.6m* water frontage and its very own sandy beach, this waterfront opportunity is bursting with potential. The existing four-bedroom, three-bathroom residence is in largely original condition-offering renovators, builders, or visionaries a blank canvas to reimagine, refresh, or completely rebuild in a prime Mermaid Waters location.
The current home retains much of its original charm and functionality, providing the perfect foundation for a creative transformation. With two spacious living areas at either end of the home, each flowing into adjoining dining spaces around a centrally located kitchen, there's plenty of scope to modernise or reconfigure the layout to suit your lifestyle.
Step outside from the front living area to a generously sized alfresco patio and an inground pool, both capturing peaceful views of the water-ideal for enhancing with a contemporary outdoor entertaining space. Upstairs, the master bedroom includes an ensuite and walk-in robe, while three additional bedrooms feature built-in storage and are serviced by a central bathroom with a separate toilet. Opportunities like this are becoming increasingly rare in Mermaid Waters, a tightly held suburb renowned for its coastal lifestyle, family-friendly atmosphere, and unbeatable convenience. Just minutes from Q Super Centre, Pacific Fair, Broadbeach, elite schools, and the soon-to-arrive Gold Coast Light Rail, this property is a renovator's dream in an unbeatable location.
Don't miss your chance to breathe new life into this waterfront gem and create a stunning home tailored to your vision.
Property Specifications:
• Expansive 807m²* south-facing waterfront block with approx. 16.6m* water frontage
• Tucked away in a quiet cul-de-sac within sought-after, family-friendly Mermaid Waters
• Ideal opportunity to renovate, rebuild, or lease out the existing residence
• Dual-level home offering outstanding scope for transformation or redevelopment
• Well-proportioned layout featuring two generous living areas
• Centrally positioned kitchen flanked by both dining and living spaces
• Large alfresco area overlooking the water, complete with an inground pool - perfect for entertaining
• Master suite includes an ensuite and built-in wardrobe
• Three additional bedrooms, each with built-in robes
• Main bathroom upstairs with separate toilet for added convenience
• Additional bathroom and laundry located on the ground floor
• Close to Q Super Centre, Pacific Fair, and Broadbeach's dining and entertainment precinct
* denotes approximate figure
**boundary lines indicative only
Council Rates: Approx. $1,989.74 half yearly
Water Rates: Approx. $302.47 per quarter
Rental Appraisal: Approx. $1,100 - $1,200 per week
Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. The website may have filtered the property into a price bracket for website functionality purposes
Listing description written by Conner Malan, Ray White Malan + Co — reproduced as published, not verified by Districts.