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QLD › Graceville › Verney Road East

311 Verney Road East, Graceville QLD 4075

For saleHouse for Sale

$1,000,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

405 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,000,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,000,000(Listing record · 14 Oct 2025)
  • CalculationAsk is 39% below the Graceville median recorded sale ($1,630,000, n=29, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Graceville's advertised median rent ($762/wk), implied gross yield would be 3.96% — 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

$1,000,000

Asking · $2,469/m² of land

No recorded sale for this property.

Graceville at a glance

4,993

People

$1,630,000

Median sale

$762/wk

Median rent

2.43%

Suburb gross yield

Median sale from 29 recorded sales (last 12 months) — a Districts calculation.

See the full Graceville report →

Vs Graceville

-38.7%

Median sale

Suburb $1,630,000

+1.53 pp

Gross yield

Suburb 2.43%

Suburb median $1,630,000 from 29 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,000,000
Stamp Duty (Queensland)
$38,025
Transfer/Registration Fee
$4,066
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
$1,045,791

$45,791 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 Graceville's advertised median rent — not a rent for this listing.

Net yield
2.46%
Annual cashflow (pre-tax)
$-27,376
Interest cover (DSCR)
0.47
Annual rent
$39,624
Operating expenses
$15,000
Loan amount
$800,000
Annual interest
$52,000
Gross yield
3.96%

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$1,000,000available14 Oct 2025

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 $762/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 4.0%. 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

Graceville in one glance

Graceville at a glance

4,993

People

$1,630,000

Median sale

$762/wk

Median rent

2.43%

Suburb gross yield

Median sale from 29 recorded sales (last 12 months) — a Districts calculation.

See the full Graceville report →

Keep researching

  • Why Graceville? Read the area thesis →
  • What else is on the market in Graceville →
  • Other records on Verney Road East →

Listing material

Listed by SaleByHomeOwner.com.au

Graceville Charmer

The phone enquiry code for this property is - 2223

This charming ground level brick and tile house was built in the mid- 1970s and sits on 407 sqm. The layout is typical for the period with a central hallway running through from the front with rooms on each side. The floors are easy-care, laminated floor boards and ducted air conditioning ensures comfortable temperatures through both the summer and winter months.

The north-facing front garden creates a leafy private courtyard and the back garden offers open space surrounded by well-established trees and shrubs.

Read the full description

The front of the house features timber-framed glass panels that open up the combined lounge and dining room to the light and views of the garden. The windows are coordinated with timber venetian blinds.

The covered front patio catches the sunshine in the morning and the breezes in the evening. The carport accommodates one car.

There is a large tiled office and store room off the dining and living room. This room could also be used as a games room or perhaps a fourth bedroom with a walk-in wardrobe. The other three bedrooms include a large main bedroom and one with a full-width built-in wardrobe. The windows have plantation shutters

The kitchen is a separate room with modern fittings and a glass-top electric stove. There is also a side door which brightens the room and opens it to passing breezes. The electric oven is situated at middle height and the door opens from the side making it easy and safe to use.

The main bathroom features a lovely timber vanity with mirrors and cupboards at the side and underneath. The shower is fully accessible with a wide entry and safety handles. A 3-in-one heater, fan and light is installed in the ceiling.

The large laundry includes an additional shower and toilet, as well as ample built-in storage, a work bench and wall-mounted ironing board cupboard.

Adjoining the rear of the house is a large covered and tiled entertainment area with full-length retractable shade screens on two sides. This is a great space for parties, hobbies and other activities.

Within 2 minutes walking distance is Riverside Village on Graceville Avenue offering an IGA, artisan bakery, coffee shops and a variety of specialty stores. From the bus stops at Riverside Village there are buses to Indooroopilly, Fairfield Gardens, Corinda High School and the PA Hospital, with connections to the new metro bus service.

The house is located within the Graceville State School catchment, and the Graceville train station is within 15 minutes walking distance, together with the numerous shops and cinema on Honour Avenue. Across the intersection from the house is a local park with a variety of play equipment. Nearby is an off-leash dog park and the Brisbane River which is a popular place for walking, especially in the early mornings and late afternoons.

This house is ideal for a young family or as a down-sizer. The property also provides the opportunity to build a new house designed to meet your needs in a highly convenient location in one of Brisbane’s most popular suburbs.

Property Code: 1120

Listing description written by Sale By Home Owner, SaleByHomeOwner.com.au — reproduced as published, not verified by Districts.

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

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