Mitchelton at a glance
10,098
People
$1,382,500
Median sale
$672/wk
Median rent
2.53%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
QLD › Mitchelton › Essex St
$857,500
Last sold
19 Apr 2024
2
Bedrooms
1
Bathrooms
3
Car spaces
607 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
$857,500
19 Apr 2024 · derived via latest_sale
Local land rate: recorded House sales in Mitchelton (last 5 years) with land size have a median of $2,216/m² of land (n=103). Districts calculation from recorded sales — not a valuation.
Mitchelton at a glance
10,098
People
$1,382,500
Median sale
$672/wk
Median rent
2.53%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Vs Mitchelton
-38.0%
Median sale
Suburb $1,382,500
+1.55 pp
Gross yield
Suburb 2.53%
Suburb median $1,382,500 from 54 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 $672/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
Mitchelton at a glance
10,098
People
$1,382,500
Median sale
$672/wk
Median rent
2.53%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Place NundahSituated in a quiet, leafy residential street and just moments from a host of retail and service amenities, schools, transport and acres of parkland, this lovely post-war cottage is a real gem, as is, and offers the buyer or investor plenty of possibilities for future improvement.
Ready for you to put your stamp on, whether that be a simple renovation, a total redesign and transformation or the consideration of knocking down and rebuilding a sizeable residence for your family (STCA), the opportunities are endless.
Well looked after and sound, the original weatherboard dwelling has solid timber floors, high ceilings and updated interiors, with a huge 3-bay, high-clearance shed at the rear of the 607m2 property perfect for four-wheel-drives and trade vehicles, a boat or camper trailer and workshop use.
There is a welcoming porch at the front and a covered patio at the back, a gently sloping yard with a shade-covered terrace and garden shed, a water tank, a raised veggie garden and a level lawn area for the kids and pets to play on.
Inside, refreshed living spaces include a light-filled lounge room with air-conditioning, an eat-in kitchen with a gas stove, retro-style cupboards and a separate pantry, two good-sized bedrooms and a bathroom with a shower-over-bath combination. Ceiling fans are located throughout, and a large, enclosed laundry space has been added, adjacent to the back stairs.
Located within Brisbane City's desirable 10km middle ring radius, the house is set in behind fragrant frangipanis and a white picket fence and is walking distance from Oxford Park Train Station, Arana Hills Plaza with its Coles, Kmart and Aldi, Grovely State School and the Arana Leagues Club.
Features of this property include:
- Pretty as a picture post-war cottage on 607m2
- Renovate, extend and improve, remove and rebuild (STCA)
- Situated in a quiet street near to a wide range of amenities
- Opportunity to value-add now or retain and landbank
- Well-maintained home with a tiled roof and high ceilings
- East-facing front porch entry, rear patio overlooking yard
- Refreshed and repainted interiors, solid hardwood floors
- Original casement windows, blinds and drapes for privacy
- Air-conditioned lounge room, dining area within the kitchen
- Gas stove with rangehood, vintage cabinets and displays
- Two large bedrooms, one is air-conditioned, both have fans
- Revived bathroom finishes with bath, separate toilet
- Large outdoor laundry providing valuable extra storage
- 3-bay enclosed steel shed with high clearance doors
- Fenced yard, garden shed, shaded area and veggie patch
- Situated in Grovely SS and Mitchelton SHS catchments
- 2-3*-minute drive to Arana Hills retail, takeaways, cafes
- 4*-minute ride to connect with Kedron Brook Bikeway
- 5*-minute drive to Brookside Shopping Centre
- 12-13*-minute walk to state and Catholic primary schools
- 13-14*-minute walk to Leslie Patrick Park playground
- 20* minute drive to the Brisbane CBD
- Lease in place until 9/12/24 at $530pw
* Approximately
Presented is a great opportunity in a fabulous location. Please reach out to me to discover more information, be advised of open-for-inspection dates and times or, alternatively, arrange a private viewing of this property without delay.
Disclaimer:
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Listing description written by Thomas Coussens, Place Nundah — reproduced as published, not verified by Districts.
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