Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
QLD › Molendinar › Crestwood Dr
$1,230,000
Last sold
29 May 2024
5
Bedrooms
3
Bathrooms
2
Car spaces
513 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
$1,230,000
29 May 2024 · derived via latest_sale
Local land rate: recorded House sales in Molendinar (last 5 years) with land size have a median of $1,486/m² of land (n=116). Districts calculation from recorded sales — not a valuation.
Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Molendinar
-3.5%
Median sale
Suburb $1,275,000
+0.12 pp
Gross yield
Suburb 3.22%
Suburb median $1,275,000 from 36 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 $789/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
Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Queensland Lifestyle Real EstateWelcome to 51 Crestwood Drive, Molendinar – a delightful two-storey residence that embodies modern living at its finest. Nestled in the family-friendly Crestwood Heights Estate in Molendinar, this well-kept residence presents an ideal opportunity for astute investors, growing families or professional couples seeking a chic and convenient lifestyle, in a well-liked central location.
Sellers are keen to get this property SOLD!! So this is your LAST chance to inspect and throw your hat in the ring!
Step inside to discover a very generous living area featuring soaring raked ceilings and beautiful arched windows that beckons in the natural light, creating a bright and airy atmosphere. A perfect introduction to showcase your new home!
The stylish open-plan kitchen overlooks the family and meals area, creating a perfect space for relaxed gatherings or cosy nights in. An abundance of cabinetry offers easy storage options and the ample bench space and quality electric appliances creates opportunities for sharing culinary creations with loved ones.
The ground floor of this home also offers a separate media room, which could be perfect to use as a home office, art studio, kids retreat or turn it into the 5th bedroom as it neighbours with the downstairs bathroom. A convenient and cosy space to pop family and friends when they come to stay!
Upstairs, the master bedroom is a true sanctuary, complete with a split system AC, ceiling fan, feature arched window, walk-in robe, and ensuite. Travel down the hallway and you'll find three more bedrooms at the rear of the house, all with built-in robes and serviced by the main bathroom featuring a separate bathtub - relax and rejuvenate here!
Outside, the fully fenced yard provides the ideal setting for outdoor enjoyment offering room for the kids to run and play. The covered alfresco area is an ideal spot for enjoying a morning coffee or a barbecue with friends. With established low maintenance gardens and a peaceful atmosphere, this property offers a tranquil oasis to just sit back and soak in our great QLD lifestyle!
The generous laundry area has external access to the drying court and also takes you through to the double garage providing secure parking for your vehicles and convenient rear access to the backyard.
Recently refreshed with new timber-look laminate flooring downstairs, new carpet upstairs, new blinds, new lighting and fresh paint using a neutral colour palette throughout - presented in excellent condition, this home offers comfortable living as is. However, with its versatile layout, it also presents a fantastic opportunity to further enhance the space creating your very own retreat to suit your personal style and needs.
Situated on a 513sqm block with a 16.4m street frontage smack in the middle of a sought-after neighbourhood, this property has ample space for families to grow and play. Molendinar is a suburb on the rise, a family-friendly environment with walking tracks and parks surrounded by beautiful bushland reserves brimming with wildlife.
Close to the GC University Hospital, Griffith Uni and easy access to the M1, schools, shopping centres, medical facilities, and recreational amenities. You’ll love the convenience of being just a short drive from the stunning Gold Coast waterways and the bustling city centres.
• Currently tenanted until Mid June 2024
• Rented at $995 per week
• Council Rates are approximately $2400 per year
• Water Rates are approximately $250 per quarter (plus usage costs)
Don't miss the opportunity to make this wonderful property your new home or next great investment decision.
Contact us today to register at our next open home inspection and start living the lifestyle you've been dreaming of.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
* Photos used in advertising may differ from the current state of the property. We endeavour to use the most up to date photography, however this may not be feasible to protect our current residents' privacy. Photos may include the use of virtual furniture. These photos are for illustrative purposes only. Furniture is NOT included.
Listing description written by Janelle Platt, Queensland Lifestyle Real Estate — reproduced as published, not verified by Districts.