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 › Mitchell Ave
$970,000
Last sold
10 July 2024
6
Bedrooms
3
Bathrooms
8
Car spaces
682 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
10 July 2024 · derived via latest_sale
Local land rate: recorded House sales in Molendinar (last 5 years) with land size have a median of $1,509/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
-23.9%
Median sale
Suburb $1,275,000
+1.01 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
UnknownArea
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 PRD AshmoreWelcome to 51 Mitchell Avenue, Molendinar!
For the first time in 40 years, this exceptional property is being offered to the market! It's rare to find a property that includes both a granny flat and a large family home. With ample parking, a central location, and an elevated, airy feel, this is an opportunity you don't want to miss. The estimated rental return for the property is approximately $1,300 per week, combining the main home and granny flat rental appraisals.
The main home features 5 bedrooms and 2 bathrooms. The living area and kitchen are the heart of the home, creating a perfect space for sharing meals and connecting with family. Its elevated position offers stunning views of the hinterland. The master bedroom is spacious, with its own ensuite bathroom and a full-wall wardrobe. The remaining bedrooms all have built-in wardrobes and share the main bathroom.
Located at the rear, the self-contained granny flat features a 1-bedroom layout with a kitchen, lounge room, bathroom, and dining space. It includes a single carport, making it ideal for hosting a tenant, teenagers, or visiting friends and family. Note: The granny flat does not have separate meters from the main property.
The property boasts a spacious yard, perfect for children to play. A charming couple of mango tree adds to the appeal. The property also features efficient water drainage routes and is well-equipped to handle heavy rainfall.
Parking is not an issue thanks to the garage that can easily park four vehicles and features a workshop bench. Additionally, the yard to the left of the driveway has been reinforced, providing stable parking for boats, caravans, or additional vehicles.
The property contains the following features:
INDOOR:
• 5 bedrooms - master w/ ensuite, all built-in wardrobes (option to convert extended living area back into bedroom no. 6)
• Main bathroom with separate toilet
• Self-contained one-bedroom granny flat
• Air conditioning and ceiling fans throughout
• Living area room option to close in to create 6th bedroom for main house
• Kitchen with plenty of cupboard storage
• Abundance of windows to allow natural lighting
• Four car garage
• Workshop bench at rear of garage
• Storage cupboards throughout property
OUTDOOR:
• Front patio facing western hinterland
• Outdoor gym beneath deck (great for personal use or storage)
• Single carport for granny flat
• Surrounding yard
• Effective water drainage system
• Concrete retaining walls
• Reinforced yard parking for boat, caravan or additional vehicles
MAIN HOME RENTAL APPRAISAL Approx. $850-900 per week
GRANNY FLAT RENTAL APPRAISAL Approx. $350-400 per week
COMBINED APPRAISAL Approx. $1,300 per week
All features are accompanied by one of the most convenient locations to live. The Molendinar/Ashmore area is frequently high-lighted on major property reports as a recommended investment "Hot Spot" assured of ongoing demand and outstanding Capital Growth. While living at 51 Mitchell Avenue you are surrounded by a total of 42 parks in Molendinar, one of which is at your doorstep. Trinity Lutheran College is a short walk away. Shopping centers, sporting & medical facilities at your finger-tips, whilst offering easy access and only minutes away via main arterial roads to beaches, the Broadwater & parklands, cafes, restaurants, several CBD's and the M1 giving access to Brisbane & Coolangatta airports.
Please note: Although we have diligently strived to uphold the precision of these details, neither the seller nor the agent offers any guarantee regarding their accuracy. Those with an interest in this matter should not place reliance on these particulars as being conclusive, but rather should independently verify their accuracy through personal inspection or alternative means
Listing description written by Orla Jensen, PRD Ashmore — reproduced as published, not verified by Districts.
Nearby 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.