The Gap at a glance
18,470
People
$1,408,750
Median sale
$741/wk
Median rent
2.74%
Suburb gross yield
Median sale from 62 recorded sales (last 12 months) — a Districts calculation.
4
Bedrooms
3
Bathrooms
2
Car spaces
3,641 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in The Gap (last 5 years) with land size have a median of $1,979/m² of land (n=92). Districts calculation from recorded sales — not a valuation.
The Gap at a glance
18,470
People
$1,408,750
Median sale
$741/wk
Median rent
2.74%
Suburb gross yield
Median sale from 62 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 $741/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
UnknownArea
The Gap at a glance
18,470
People
$1,408,750
Median sale
$741/wk
Median rent
2.74%
Suburb gross yield
Median sale from 62 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White ChermsideTHE OPEN HOME ON THE 29TH OF OCTOBER 2025 IS CANCELLED DUE TO THIS PROPERTY BEING UNCONDITIONAL.
Set on an expansive 3641sqm block in one of The Gap's most tightly held streets, this remarkable property offers an exceptional opportunity for families, prestige home builders, and developers alike. With current zoning and preliminary advice confirming the potential for a 4-6 lot subdivision (subject to council approval), the property presents a blank canvas that can be shaped to suit a variety of lifestyles or investment strategies. Whether you envision building your dream home surrounded by space and privacy,
developing multiple dwellings, or simply land-banking a blue-chip parcel for the future, this is a property that truly stands apart.
Lifestyle and Family Living
The existing two-storey, four-bedroom home has been renovated in 2021, combining comfortable family living with exciting scope for future redevelopment.
Key features include:
• Four spacious bedrooms - main with ensuite and walk-in robe
• Three fully renovated modern bathrooms and kitchen
• Ducted air conditioning and 6kW solar system for year-round comfort and efficiency
• Polished timber floors and security screens
• Two living zones, with downstairs including a kitchenette and bathroom, perfect as a
theatre room, guest retreat, or self-contained living area
• Ample vehicle storage - two-car lock-up garage under the home plus a separate two-car
shed at the rear
• A generous backyard with endless possibilities - add a pool, tennis court, or simply enjoy
the open space
This home is move-in ready, offering immediate comfort while giving buyers the flexibility to
plan, extend, or rebuild as desired.
The Site and Surrounds
Positioned among established homes and quality neighbours, 348 Payne Road sits within one of Brisbane's most family-friendly suburbs. The site's gentle elevation and broad
frontage create design flexibility for those dreaming of a statement home with room for everything.
348 Payne Road offers all the privacy and space of acreage-style living while being moments from every convenience.
• Bus stop literally at your door, providing quick and easy access to local schools, The Gap
Village, and Brisbane's CBD
• Picturesque creeks, walking trails, and bike paths nearby - perfect for weekend
adventures and family outings
• Excellent public and private schools in the area, including The Gap State High School, The
Gap State School, Payne Road State School and St Peter Chanel Catholic Primary School
• Set amongst quality homes and family-friendly neighbours, offering a peaceful, leafy
environment
For developers and investors, the large landholding (3641sqm) and confirmed feasibility for 4-6 lots (STCA) make this one of the most exciting small-scale development opportunities currently available in The Gap. Local demand remains strong, underpinned by a median house price of approximately $1.37 million, reflecting the suburb's consistent appeal to families seeking lifestyle, greenery, and convenience to the CBD.
A Rare Offering with Multiple Pathways
• Build your forever home on a spectacular acreage-style site within city limits
• Subdivide into 4-6 residential lots (STCA) and unlock significant upside
• Hold and land-bank in a premium, high-growth suburb
This property combines lifestyle, location, and long-term potential in a way rarely seen intoday's market.
Enquire Now
Opportunities of this size and flexibility in The Gap are seldom available and never last long.
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 Salvatore Vasta, Ray White Chermside — reproduced as published, not verified by Districts.
Nearby 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.