Ellen Grove at a glance
4,191
People
$975,000
Median sale
$636/wk
Median rent
3.39%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
QLD › Ellen Grove › Waterford Rd
1
Bedrooms
1
Bathrooms
0
Car spaces
10,231 m²
Land
Districts View
View not ready — official layers are still retrieving for this property. Official planning layers still retrieving. Flood / bushfire / heritage not yet retrieved. No recorded sale price for this property. Districts does not score a property it cannot yet see.
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.
Ellen Grove at a glance
4,191
People
$975,000
Median sale
$636/wk
Median rent
3.39%
Suburb gross yield
Median sale from 8 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 $636/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
Ellen Grove at a glance
4,191
People
$975,000
Median sale
$636/wk
Median rent
3.39%
Suburb gross yield
Median sale from 8 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Forest LakePositioned in one of South-West Brisbane's fastest-growing development corridors, this exceptional 10,231m² (approx. 1.02 hectares) allotment offers a unique and strategic opportunity for developers, land bankers, and future owner-occupiers. Surrounded by established estates and residential growth, 447 Waterford Road is primed for acreage residential living, subdivision, childcare centre, vet clinic and long-term land banking investment (STCA).
Boasting 57 metres of street frontage, a flat topography, and zoned Emerging Community under Brisbane City Council's planning scheme, the site is already part of a thriving residential precinct. With residential developments taking shape nearby and along the street, this block is one of the last substantial landholdings available in the area.
Included on site is a freestanding building, formerly leased to Green Cross Vets. This solid, versatile structure presents a rare opportunity to be repurposed as a home business base, consulting rooms, office, studio, or even temporary accommodation (STCA). Its existing layout and professional setup offer convenience and value to a wide range of buyers.
Property Highlights:
• Zoning: Emerging Community - Brisbane City Council
• Land Area: 10,231m² (approx. 57m frontage x 181m depth)
• Flat and development-friendly topography
• Existing standalone building - formerly Green Cross Vets can be converted back to residential dwelling.
• Wide street frontage with high exposure
• Numerous subdivision and development options (STCA)
• Located in the South-West Brisbane Priority Growth Precinct
Strategic Location & Lifestyle Appeal
• Situated on the border of Forest Lake - one of Brisbane's most well-established master planned communities
• 400m to Bask Early Learning Centre
• 900m to Forest Lake State School
• Only 3 mins to Richlands Train Station with a 25-minute express ride to Brisbane CBD
• Easy access to Logan, Centenary, and Ipswich Motorways
• Short drive to Forest Lake Village, Inala Plaza, Mt Ommaney Shopping Centre and fitness hubs
• Approximately 24 km to Brisbane CBD
Growth Corridor & Infrastructure Pipeline
• Ellen Grove sits in a strategic junction of 3 major highways, making it a key part of Brisbane's western expansion
• Within the South-West Priority Growth Area, identified for housing delivery and infrastructure funding
• Ellen Grove rail station is planned for the Springfield Line (a future-value catalyst)
• Nearby Active Parks Precinct Upgrade (2023-2026) will deliver upgraded sports fields, playgrounds and green space
Family-Focused Community
• Located in a strong family demographic - 76% of households are family-based (median age 30)
• Close to St John's Anglican College
• Access to lakeside walking trails, recreation spaces, and sporting clubs
Why 447 Waterford Road?
• One of the last large landholdings in a growing suburb
• Includes an existing former Green Cross Vets building, ready for adaptive reuse
• Neighbouring to established residential development
• Located in an area where land sales and housing prices are climbing rapidly
• Ideal for developers seeking immediate project potential or long-term capital growth
Site inspections by appointment only,
DISCLAIMER: While every effort has been made to ensure accuracy in this presentation, we disclaim any liability for potential typographical errors or inaccuracies. All information is deemed reliable at the time of printing, but prospective buyers are encouraged to independently verify all details for their satisfaction.
Listing description written by Nick Chen, Ray White Forest Lake — reproduced as published, not verified by Districts.
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