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QLD › Redland Bay › Carol St

3 Carol St, Redland Bay QLD 4165

For saleHouse for Sale

$948,000

For sale

Asking

4

Bedrooms

1

Bathrooms

1

Car spaces

607 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $948,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $948,000(Listing record · 16 Apr 2026)
  • CalculationAsk is 21% below the Redland Bay median recorded sale ($1,192,500, n=148, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Redland Bay's advertised median rent ($768/wk), implied gross yield would be 4.21% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$948,000

Asking · $1,562/m² of land

No recorded sale for this property.

Redland Bay at a glance

19,544

People

$1,192,500

Median sale

$768/wk

Median rent

3.35%

Suburb gross yield

Median sale from 148 recorded sales (last 12 months) — a Districts calculation.

See the full Redland Bay report →

Vs Redland Bay

-20.5%

Median sale

Suburb $1,192,500

+0.86 pp

Gross yield

Suburb 3.35%

Suburb median $1,192,500 from 148 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$948,000
Stamp Duty (Queensland)
$35,685
Transfer/Registration Fee
$3,833
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$991,218

$43,218 on top of the price (4.6% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Redland Bay's advertised median rent — not a rent for this listing.

Net yield
2.71%
Annual cashflow (pre-tax)
$-23,580
Interest cover (DSCR)
0.52
Annual rent
$39,936
Operating expenses
$14,220
Loan amount
$758,400
Annual interest
$49,296
Gross yield
4.21%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

  1. Listed$948,000available16 Apr 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $768/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Redland Bay in one glance

Redland Bay at a glance

19,544

People

$1,192,500

Median sale

$768/wk

Median rent

3.35%

Suburb gross yield

Median sale from 148 recorded sales (last 12 months) — a Districts calculation.

See the full Redland Bay report →

Keep researching

  • Why Redland Bay? Read the area thesis →
  • What else is on the market in Redland Bay →
  • Other records on Carol St →

Listing material

Listed by Raine & Horne Redland Bay

Bayside Living with Space, Flexibility & Endless Potential

There's something special about living close to the bay. The fresh sea breezes, morning walks along the waterfront, afternoons spent fishing or kayaking, and the relaxed coastal atmosphere all become part of everyday life.

Perfectly positioned just 800 metres from the shoreline, 3 Carol Street offers the opportunity to embrace that lifestyle while enjoying the space, flexibility and convenience of a home designed to adapt to your needs.

Set on a generous 607sqm fully fenced block, this welcoming residence offers far more than first meets the eye.

Read the full description

Inside, you'll discover multiple living areas, beautiful timber flooring, air-conditioned comfort and a floorplan that provides plenty of room for families to spread out, professionals to work from home or buyers looking for additional versatility.

The separate multipurpose room with its own private entrance is a standout feature, offering endless possibilities as a home office, consulting space, guest retreat, teenage hideaway or even a fifth bedroom.

At the heart of the home, the spacious kitchen overlooks the living areas and features updated appliances, a new dishwasher and excellent storage, making it an inviting space for everyday living and entertaining alike.

Sliding doors lead effortlessly to an expansive covered outdoor entertaining area where weekend barbecues, family celebrations and quiet evenings with friends will become your new normal. Beyond, the large backyard offers plenty of space for children and pets to play, with room to add a swimming pool, shed or create your own dream outdoor oasis.

Move straight in and enjoy everything the home has to offer, or take advantage of the outstanding potential to modernise and add value over time. With solar power, multiple air conditioners, ceiling fans and security screens already in place, many of the practical extras have already been taken care of.

Location is what truly sets this property apart. Spend your weekends exploring the scenic foreshore, cycling along waterfront pathways, visiting nearby parks or enjoying the dedicated dog park just moments from home. Quality schools, shopping centres, medical facilities, boat ramps and ferry access to the bay islands are all within easy reach, making this one of Redland Bay's most desirable lifestyle locations.

Whether you're searching for your first home, a place to downsize without compromising on space, or a versatile property that grows with your family's changing needs, 3 Carol Street is a home that simply feels right from the moment you arrive.

Opportunities this close to the bay, with this much flexibility and future potential, are becoming increasingly difficult to find. Arrange your inspection today and discover why so many people are choosing to call Redland Bay home.

Listing description written by Denise Quick, Raine & Horne Redland Bay — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Floorboards
  • Fully Fenced
  • Outdoor Entertaining
  • Rumpus Room
  • Shed
  • Solar Panels
  • Study
  • Toilets: 1

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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