Park Ridge at a glance
15,374
People
$943,000
Median sale
$623/wk
Median rent
3.44%
Suburb gross yield
Median sale from 122 recorded sales (last 12 months) — a Districts calculation.
QLD › Park Ridge › Creek Pl
$689,000
Last sold
28 Mar 2023
5
Bedrooms
3
Bathrooms
3
Car spaces
386 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
$689,000
28 Mar 2023 · derived via latest_sale
Local land rate: recorded Semi-detached sales in Park Ridge (last 5 years) with land size have a median of $2,444/m² of land (n=7). Districts calculation from recorded sales — not a valuation.
Park Ridge at a glance
15,374
People
$943,000
Median sale
$623/wk
Median rent
3.44%
Suburb gross yield
Median sale from 122 recorded sales (last 12 months) — a Districts calculation.
Vs Park Ridge
-26.9%
Median sale
Suburb $943,000
+1.26 pp
Gross yield
Suburb 3.44%
Suburb median $943,000 from 122 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 $623/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
Park Ridge at a glance
15,374
People
$943,000
Median sale
$623/wk
Median rent
3.44%
Suburb gross yield
Median sale from 122 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Stone Real Estate LoganImpressive Investment Opportunity Awaits!
With secure long term tenants in place this impressive investment opportunity offers double the income under the same roof. Built in 2020 you can be sure to have peace of mind knowing that the building is only at the beginning of its life with little to no maintenance required.
Unit 1
Unit 1 being the bigger of the two unit's rents for $380 per week and has the tenants lease agreement locked in until September. There are three good size bedrooms with the main bedroom having the luxury of an ensuite with shower and toilet and a walk in robe. The remaining two bedrooms have built in robes with easy accessibility to the main bathroom with bath tub, large shower and also the separate toilet. The bedrooms are carpeted with ceiling fans throughout.
The air-conditioned living area is situated at the rear of the unit and opens up to the private back yard. The kitchen is open planned with plenty of bench space, over head cupboards and stainless-steel appliances throughout. There is a single lock up garage with automatic door and an additional open air car space for a second vehicle.
Unit 2
The second unit is currently collecting $330 per week with the tenant locked in place until August. There are two bedrooms complete with carpet, built in robes and ceiling fans and easy access to the bathroom with large shower and toilet. The kitchen is well equipped with stainless steel appliances and incorporates the open plan, air-conditioned living room. Unit 2 also has its own private yard and single lock up garage.
With long term tenants in place and collecting a total of $710 per week 5 Creek Place, Park Ridge is the perfect addition for any investors portfolio. Ideally located Close to Schools, shops, public transport and all of the amenities required this one won't last long.
Call Cameron Rice to organize your viewing now!
Disclaimer:
All information contained within this website is gathered from sources we believe to be reliable. Stone Real Estate cannot however guarantee its accuracy and accepts no responsibility for such. Interested parties should make and rely on their own enquiries.
Listing description written by Cameron Rice, Stone Real Estate Logan — reproduced as published, not verified by Districts.