Herston at a glance
2,909
People
$1,350,000
Median sale
$628/wk
Median rent
2.42%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
QLD › Herston › Garrick Tce
$970,000
Last sold
28 Sept 2015
8
Bedrooms
4
Bathrooms
4
Car spaces
792 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
$970,000
28 Sept 2015 · derived via latest_sale
Local land rate: recorded House sales in Herston (last 5 years) with land size have a median of $2,943/m² of land (n=18). Districts calculation from recorded sales — not a valuation.
Herston at a glance
2,909
People
$1,350,000
Median sale
$628/wk
Median rent
2.42%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Vs Herston
-28.1%
Median sale
Suburb $1,350,000
+0.95 pp
Gross yield
Suburb 2.42%
Suburb median $1,350,000 from 9 recorded sales (last 24 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 $628/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
Herston at a glance
2,909
People
$1,350,000
Median sale
$628/wk
Median rent
2.42%
Suburb gross yield
Median sale from 9 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Harcourts Solutions Inner CityThe buyer of this Herston property will highly likely be a very savvy investor, with an aim to buy a property that maximizes their return on investment whilst striving for strong Capital growth in a high demand area.
This beautiful pre-war home on a large 792sqm block has been brilliantly on converted into 4 large units, it is in good condition and ready to become an awesome additional to your investment portfolio.
Even Better.... The current owners will enter a leaseback agreement with the new owner for 12 months with a 12 months extension option! Tenants in place from day one and secure for at least 12 months - huge win!
Current Features of 47 Garrick Tce, Herston:
- The property comprises of 8 Bedrooms, 4 Bathrooms, 4 Living Spaces, 4 Kitchens, 1 Shared Laundry, Multiple utility rooms.
- Unit 1: Includes large combined living/kitchen area, an oversized bedroom and a bathroom.
- Unit 2: Includes a lounge and dining room separated by the kitchen, two bedrooms and bathroom.
- Unit 3: Includes large combined dining and kitchen area plus a lounge space, 3 large bedrooms and a bathroom with a separate toilet.
- Unit 4: Includes large combined living and kitchen area, 2 large bedrooms and a bathroom.
- Each unit has been well cared for and includes air conditioning and plenty of storage.
- Situated on a fairly flat 792sqm block with car parking for 4 cars.
- Well maintained lawns and gardens.
- Close to University, Kelvin Grove Shopping Precinct, Royal Brisbane Hospital and the City.
Rental Estimates:
- Unit 1: Unfurnished - $270.00-$290.00/week
- Unit 2: Unfurnished - $330.00-$360.00/week
- Unit 3: Unfurnished - $400.00-$430.00/week
- Unit 4: Unfurnished - $320.00-$350.00/week
Approximate weekly income between $1,320.00-$1,430.00 per annum.
Investment Opportunity:
- The sellers will lease back the property for 12 months with a 12 month extension option. They will pay fair market rent to be negotiated with new owner.
- Great future potential as rooming accommodation, already registered as a multi-unit dwelling.
Suburb Profile:
Herston is a small Inner City suburb with a population of about 1,900 residents. It is dominated by the Royal Brisbane and Women's Hospital. The hospital campus is also shared by the Queensland Institute of Medical Research, New Dental Hospital and the Royal Children's Hospital.
The suburb is also well know for the Victoria Park Golf Complex, a favourite amongst Brisbane golfers (and mini-golfers too!) and a beautiful complex for weddings and events. It is the always the home of a major Bus way making transport anyway is Brisbane for Herston super easy.
Herston is mostly a residential suburb; many of Herston's residents are employed by the hospital, the nearby at the Queensland University of Technology in Kelvin Grove or make the short 3km trip to the CBD. There is also a significant student population that studies at the university.
The nearby Kelvin Grove Urban Village offers great shopping including many Restaurants and Cafes, a local Supermarket, Butcher, Chemist and with many other great amenities and services such as banking with the local BOQ, Dentists, Doctors, a fantastic Gym. Every Saturday the Village holds a Farmers market from 6am-1pm. You are also only moments away from the Newmarket shops. Also, you can make great use of the Northey Street Organic farmers markets every Sunday - arguably Brisbane's best markets.
Listing description written by Bridget Gabites, Harcourts Solutions Inner City — reproduced as published, not verified by Districts.