Reedy Creek at a glance
8,001
People
$1,775,000
Median sale
$819/wk
Median rent
2.40%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
QLD › Reedy Creek › Sormano St
$1,700,000
Last sold
9 July 2024
4
Bedrooms
3
Bathrooms
2
Car spaces
756 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
$1,700,000
9 July 2024 · derived via latest_sale
Local land rate: recorded House sales in Reedy Creek (last 5 years) with land size have a median of $1,989/m² of land (n=115). Districts calculation from recorded sales — not a valuation.
Reedy Creek at a glance
8,001
People
$1,775,000
Median sale
$819/wk
Median rent
2.40%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
Vs Reedy Creek
-4.2%
Median sale
Suburb $1,775,000
+0.11 pp
Gross yield
Suburb 2.40%
Suburb median $1,775,000 from 43 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 $819/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
Reedy Creek at a glance
8,001
People
$1,775,000
Median sale
$819/wk
Median rent
2.40%
Suburb gross yield
Median sale from 43 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by McGrath SouthportOffering a lifestyle that many will envy, this impeccable entertainer's sanctuary exudes unmatched luxury. Masterfully built with a unique design, it promises the perfect lifestyle without compromising on space or style.
Situated on a 756sqm northeast facing block, this modern chic home is must-see. Featuring high ceilings with double level living, this home showcases a seamless flow from indoor to outdoor, encompassing laid back living in the observatory estate.
Main Features include but not limited to:
- Four Bedrooms all with carpet, two with en-suites, built in robes, ducted air conditioning plus ceiling fans and quality window furnishings
- Master Suite with show stopping glass panels allowing natural light, with walk in robe, ensuite with floor to ceiling tiles and his and hers vanity with stone counter, shower, and separate toilet
- Open plan kitchen with walk in pantry, island bench with stone countertop plus breakfast bar, quality stainless steel appliances with gas cooker, a seamless flow to your outdoor alfresco entertaining area
- Downstairs living space with an inviting flow from the kitchen and dining, fireplace for the cooler nights with timber look tiles, sliding doors with screens to open to the alfresco area and ample natural light
- Luxurious dining space overlooking the pool and alfresco dining area, timber look tiles, ceiling fan, ducted air conditioning with outlook over the pool and yard
-Main bathroom with built in bathtub, vanity with stone countertop, oversized shower
- Resort style outdoor area, inviting saltwater inground pool overlooking the scenic mountains and bush surrounds, superbly private
- Tiled undercover alfresco dining area, with built in preparation bench with sink and cabinets, ceiling fan and lighting, stone feature wall, remote controlled blinds for privacy, get ready to entertain all year round
- Ducted air-conditioning ensuring climate-controlled comfort, plus fans and screens throughout, timber wrap around staircase
-Flat fenced grassed area at rear for pets and children to enjoy, garden shed for storage and low maintenance gardens to surround
- Separate laundry with rear side access and a generous space with cabinetry built in plus sink
- Downstairs powder room, ideal for guests
- Secure vehicle storage with a large two car garage with internal access and built in cabinets
- 5KW Delta Solar system with 20 Panels, Velocity Internet, Security system with internal and external cameras
- 2014 Build
This ultra-modern home highlights expert craftmanship and attention to detail, make this beautiful property yours today.
The residents of The Observatory also enjoy a great location only 10 minutes from Burleigh Heads and the Robina Town Centre the Gold Coast airport is just a 20-minute drive away Less than an hour from the Brisbane CBD with easy access to the Pacific Motorway
8 Private and Public schools within 5km, like Somerset College, Hillcrest College and Kings Christian College
30 minutes to Byron Bay, 55 minutes to Brisbane CBD, 10 minutes to the home of the Titans at Skilled Park Stadium
Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.
Listing description written by Nicole Carter, McGrath Southport — reproduced as published, not verified by Districts.