Gailes at a glance
1,942
People
$780,000
Median sale
$539/wk
Median rent
3.59%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
QLD › Gailes › Michele St
$260,000
Last sold
12 Mar 2018
3
Bedrooms
1
Bathrooms
4
Car spaces
615 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
$260,000
12 Mar 2018 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Gailes (last 5 years) with land size have a median of $865/m² of land (n=45). Districts calculation from recorded sales — not a valuation.
Gailes at a glance
1,942
People
$780,000
Median sale
$539/wk
Median rent
3.59%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Vs Gailes
-66.7%
Median sale
Suburb $780,000
+7.19 pp
Gross yield
Suburb 3.59%
Suburb median $780,000 from 9 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 $539/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
Gailes at a glance
1,942
People
$780,000
Median sale
$539/wk
Median rent
3.59%
Suburb gross yield
Median sale from 9 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by First National Real Estate WestsideThis highset style home is in the very heart of Gailes. It is just a few steps over the road to the bakers, doctors, post office, pharmacy, hardware store and takeaway shop. Better still you are only a few minutes from the train station.
At a glance;
-3 Bedroom highset style timber home
-1 neat and tidy bathroom with shower over the bath
-Separate toilet
-Sleep out at the front of the home
-Large lounge room with combustion stove wood heater and Air Conditioning
-Ceiling fans in all the bedrooms
-Security screens throughout
-Large deck off the one side of the home
-Enormous workshop area under the house
-Garaging space for 4 cars plus off road parking for more
-Fully fenced, private and quiet rear yard
-Air conditioned master-bedroom
-Remote controlled garage door
-Polished hardwood timber floors with carpet in the bedrooms
-Kitchen and dining combo with vinyl floors and heaps of cupboard space
-615 m2 approx. block
-PHOTOS TAKEN PRIOR TO TENANT MOVING IN APPROX. DATE OF PHOTOS OCT 2013
This is a fabulous home with everything you need. This property is awesome for those needing extra storage space or those needing a home workshop with the best location in town.
This property is currently rented for $290 per week by a tenant who has indicated that they would love to stay on. Currently his lease is due to expire March 2015.
This is perfect for a tradesman, handyman or those hobbyists that require a lot of extra space; the double garage, car port and an enormous area under the home make the perfect man-cave.
The house has masses of appeal too, with hardwood timber floors, a fabulous combustion stove wood burner that you are going to worship next winter and 3 decent bedrooms.
The outside patio is a blessing in the summer months and provides a fabulous haven where you may relax away the days woes with a nice glass of wine while the breeze blows through your hair.
Be quick to get a look in on this one, call the agent and let us get the ball rolling.
Listing description written by Sarah-Jayne Hall, First National Real Estate Westside — reproduced as published, not verified by Districts.