Merrimac at a glance
7,423
People
$1,388,000
Median sale
$825/wk
Median rent
3.09%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
QLD › Merrimac › Lakelands Dr
$1,780,000
Last sold
3 Oct 2023
5
Bedrooms
3
Bathrooms
2
Car spaces
483 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
$1,780,000
3 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Merrimac (last 5 years) with land size have a median of $1,983/m² of land (n=38). Districts calculation from recorded sales — not a valuation.
Merrimac at a glance
7,423
People
$1,388,000
Median sale
$825/wk
Median rent
3.09%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Vs Merrimac
+28.2%
Median sale
Suburb $1,388,000
-0.68 pp
Gross yield
Suburb 3.09%
Suburb median $1,388,000 from 10 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 $825/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
Merrimac at a glance
7,423
People
$1,388,000
Median sale
$825/wk
Median rent
3.09%
Suburb gross yield
Median sale from 10 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by COASTAL °What an opportunity for the family or executive couple - 51 Lakelands Drive has so many obvious advantage that you'll want to live here!
- Sunny
- Spacious
- Scenic
Nestled in Lakelands Golf Course (designed by Jack Nicklaus), this beautiful two storey home is an absolute must inspection to soak up what is on offer.
With a "double view" the home enjoys views over the signature golf course(6th tee) and also the picturesque lake on the opposite side of home.
Cleverly designed, the architect made the absolute most of the sun all day. With the morning sun, daytime sun and afternoon sun all filling the home with natural light giving the home a happy, homely feel year round.
The home features:
- Media/Rumpus room downstairs
- Great entertainers kitchen with Smeg Oven, electric cooktop, microwave, glass splashbacks, Smeg dishwasher, rangehood, Caesarstone benches, breakfast bar, double sink and substantial cabinetry.
- Separate laundry next to the kitchen with stone benches, storage and room for a top loader washing machine and dryer
- Two storey void with high windows for extra light
- Downstairs bedroom and bathroom
- Feature timber staircase + storage underneath
- Covered alfresco off the family/meals areas ideal for a barbeque with friends overlooking the golf course
- Daikin ducted/zoned air-conditioning system plus Rinnai Infinity gas hot water system
- Intercom/music system with iPod connectivity
- Large upstairs bedrooms (two with corner windows and views over the lake) and all with robes, fans and air-conditioning vents
- Amazing master suite with large balcony, louvered windows over the golf course, his and hers walk in robes, deluxe ensuite with double vanity, stone benches, large bath and oversized shower with rain shower and high pressure fittings
- Fully fenced yards and direct access via gate to the golf course
- Resort swimming pool, gym and barbeque area exclusive to residents
- The main gate is locked 7pm to 5:30am
Lakelands Golf Club:
Live in and experience the knowledge and excellence that the world's finest ever golfer, winner of eighteen majors, brings to golf course design. The "Golden Bear", Jack Nicklaus has designed almost 300 golf courses on five continents. Constantly ranked among the very best in the world, his courses have played host to over 200 professional tournaments. It took twenty-five years for Jack Nicklaus to find the perfect location for his first signature golf course in Australia.
Signatures Restaurant and Bar: Open to the public, members and their guests, Signatures is a fantastic Gold Coast Restaurant located in the heart of the Lakelands Golf Course clubhouse.Signatures Restaurant and Bar can cater for those wanting to come in for a cup of coffee, a meeting, a lunch break or a celebration. The Signatures Restaurant and Bar also opens onto the clubhouse terrace so that guests can enjoy the scenic views of the 10th and 18th greens as well as the majestic city skyline of Australia's picturesque Gold Coast.
Financials:
Council Rates - Approx. $ 458.50 per quarter
Water Rates - Approx. $483 per quarter
Body Corporate - Approx. $56 per week
Rental Appraisal - Approx. $1300-$1400 per week.
Enjoy the postcard sunset views over the Great Dividing Range through the lush landscapes of the Lakelands Golf Course every night.
Stroll down to the Lakelands Golf Club for an afternoon beverage or dinner, even become a member of this beautiful Club and of course the challenging Jack Nicklaus designed championship golf course itself is yours daily to enjoy.
Within 5 - 10 minutes drive:
- Emerald Lakes Village
- Emmanuel College
- All Saints Anglican School
- Merrimac State School
- St Michaels Catholic High School
- Woolworths Shopping Centre
- Q Super Shopping Centre
- Heritage Bank Stadium (formerly Metricon Stadium)
- KDV Tennis and Golf Centre
- The Pacific Motorway
- Nerang Train Station
- Carrara Markets and adjacent Cocos Medical Centre and shopping
Within 10-15 minutes drive:
- Broadbeach (Pacific Fair, Kurrawa Beach, Star Casino, Convention Centre)
- Robina Town Centre
- Robina Hospital
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, inaccuracy or misstatements that may occur. Prospective purchases 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.
Listing description written by Grant & Cassandra Stephens, COASTAL ° — reproduced as published, not verified by Districts.
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