Mount Morgan at a glance
2,134
People
$355,000
Median sale
$360/wk
Median rent
5.27%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
QLD › Mount Morgan › James St
$199,500
Last sold
18 Nov 2022
3
Bedrooms
1
Bathrooms
1
Car spaces
1,141 m²
Land
107 m²
Building
Districts View
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
$199,500
18 Nov 2022 · derived via latest_sale
Local land rate: recorded House sales in Mount Morgan (last 5 years) with land size have a median of $222/m² of land (n=156). Districts calculation from recorded sales — not a valuation.
Mount Morgan at a glance
2,134
People
$355,000
Median sale
$360/wk
Median rent
5.27%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs Mount Morgan
-43.8%
Median sale
Suburb $355,000
+4.11 pp
Gross yield
Suburb 5.27%
Suburb median $355,000 from 17 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 $360/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
Mount Morgan at a glance
2,134
People
$355,000
Median sale
$360/wk
Median rent
5.27%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Discover Real EstateAlready rented to fantastic tenants, this property is prime real estate for the savvy investor. Renting out at $300pw, the return is excellent. The tenants have advised they are happy to lease break if a new owner was hoping to move in, making this property available for vacant possession, if needs be!
Hidden away behind mature rainforest style gardens, this gem may need an external paint and a spruce up in the bathroom but the rest of her is perfectly presented and looking for the right owner to finish off the bits and pieces to make her into a crown jewel!
This 2 Bedroom with a sleepout or 3rd bedroom home has a newer modern kitchen, beautiful polished timber floorboards, tongue and groove walls, period features such decorative supporting arch in the double lounge and has even had new split system air conditioning, making both the mains bedroom and lounge space comfortable places to be all summer long.
Outside you will find a weatherboard exterior, those aforementioned mature gardens, and a spacious paved entertainment area to have friends over for drinks and nibbles. A large separate laundry area is off the entertainment, with heaps of extra storage space. There is a single bay garage and both front and rear lane access to the block. To add more the the savings in the bank, this diamond in the rough has already been restumped on concrete and steel, so no timber stumps to replace or worry about them giving access to the termites via.
The property is currently in the process of being hooked up to mains sewage, so no more septic tank or grey water woes to ever be troubled by. Highset, space underneath and a huge yard of over 1140m² to play with as well.
Tenanted until 24/01/2023, however as they are willing to lease break for an owner occupy, don't let this hold you back. But you want to keep it tenanted? Mount Morgan has a near ZERO % Vacancy rate. There are a line of prospective tenants looking for accommodation right now.
Listing description written by Angela Douglas, Discover Real Estate — reproduced as published, not verified by Districts.