Raceview at a glance
10,782
People
$860,000
Median sale
$589/wk
Median rent
3.56%
Suburb gross yield
Median sale from 119 recorded sales (last 12 months) — a Districts calculation.
QLD › Raceview › Pendragon St
$1,080,000
Last sold
3 Apr 2026
5
Bedrooms
3
Bathrooms
2
Car spaces
480 m²
Land
256 m²
Building
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
$1,080,000
3 Apr 2026 · derived via latest_sale
Local land rate: recorded Semi-detached sales in Raceview (last 5 years) with land size have a median of $1,186/m² of land (n=4). Districts calculation from recorded sales — not a valuation.
Raceview at a glance
10,782
People
$860,000
Median sale
$589/wk
Median rent
3.56%
Suburb gross yield
Median sale from 119 recorded sales (last 12 months) — a Districts calculation.
Vs Raceview
+25.6%
Median sale
Suburb $860,000
-0.72 pp
Gross yield
Suburb 3.56%
Suburb median $860,000 from 119 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 $589/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
Raceview at a glance
10,782
People
$860,000
Median sale
$589/wk
Median rent
3.56%
Suburb gross yield
Median sale from 119 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by STRUD PropertyWelcome to this exceptional dual key property offering a blend of modern convenience and lucrative investment potential. Positioned in the rapidly appreciating suburb of Raceview, 37 Pendragon Street presents a fantastic opportunity for investors seeking strong rental returns with long-term growth prospects.
Raceview has experienced a remarkable 24% increase in median property value over the last 12 months, making it an attractive location for savvy investors looking to capitalise on continued demand. This steady growth reflects the suburb's increasing popularity due to its proximity to Ipswich CBD, major infrastructure, schools, and shopping centres.
The first unit offers a spacious and functional layout designed for comfortable family living. Featuring 3 bedrooms, 2 bathrooms including a master with ensuite, an open plan kitchen and living area with split system air conditioning, and a secure single car garage, this unit is well suited to long-term tenants. The living area flows directly to an outdoor patio area with no rear neighbours, creating a private space for relaxation and entertaining. The master bedroom includes split system air conditioning, ceiling fan, built-in wardrobe and ensuite, while the second bedroom also includes a ceiling fan and built-in wardrobe. The main bathroom features a separate bath and shower, and the third bedroom is positioned upstairs complete with ceiling fan and built-in wardrobe. The garage conveniently provides internal access through the laundry to the side yard.
The second unit provides a practical and low-maintenance living option ideal for couples or small families. The home features 2 bedrooms, 1 bathroom, open plan living with split system air conditioning, and a single car garage. The living area opens to a covered outdoor patio and private backyard, creating an inviting indoor-outdoor flow. Upstairs you will find one bedroom with built-in wardrobe and ceiling fan, while the master bedroom includes a built-in wardrobe, split system air conditioning, and convenient Jack-and-Jill access to the bathroom.
With a combined rental income of $930 per week, this property offers a solid return on investment. Furthermore, a rental appraisal indicates the potential for increased income, with unit 1 estimated at $530-$550 per week and unit 2 at $470-$490 per week, yielding a potential total income of $1,000-$1,040 per week.
Conveniently located within a short drive to Ipswich CBD, local schools, shopping centres, parks, and public transport, the property provides tenants with easy access to essential amenities while maintaining a quiet suburban lifestyle.
For the Investors:
Unit 1
Configuration: 3/2/1
Rent: $480pw
Last Rent Increase: 26/08/2025
End of Lease: 26/08/2026
Unit 2
Configuration: 2/1/1
Rent: $450pw
Last Rent Increase: 27/01/2026
End of Lease: 01/02/2027
Total
Combined Rent: $930pw
No Body Corporate Fees
Don't miss out on securing this versatile and income-generating asset in one of Ipswich's most sought after suburbs, offering immediate returns and strong future capital growth potential.
Disclaimer:
STRUD Property has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct 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 Tom Fox, STRUD Property — reproduced as published, not verified by Districts.