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
$1,000,000
For sale
Asking
3
Bedrooms
2
Bathrooms
2
Car spaces
833 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
Asking
$1,000,000
Asking · $1,200/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Molendinar (last 5 years) with land size have a median of $1,497/m² of land (n=117). 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
-21.6%
Median sale
Suburb $1,275,000
+0.88 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.
$45,791 on top of the price (4.6% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Pre-filled with Molendinar's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
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.
Gross yield if leased at the suburb aggregate is 4.1%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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 McGrath SouthportPositioned on a generous 833m² block in a quiet pocket of Molendinar, 52 Mitchell Avenue presents an outstanding opportunity for buyers seeking space, flexibility and future potential.
Key Features:
- Large block size with wide backyard and future potential
- Dual-living potential with two kitchens, two bathrooms and multiple living areas
- Double-storey layout ideal for extended families or additional income
- Quiet, family-friendly street in a central Molendinar location
- Partially renovated including new carpets and tiles throughout, upstairs bathroom and toilet, updated front facade and timber decking
- Close to quality schools including Aquinas College (7 minutes) and Trinity Lutheran College (3 minutes)
- Nearby shopping at Ashmore City Shopping Centre and Ashmore Plaza/Woolworths (5 minutes)
- Convenient access to Griffith University (10 minutes) and Gold Coast University Hospital (10 minutes)
- Easy access to the M1 for commuting north or south
Set across two levels, the home offers a practical layout with dual living potential. With two kitchens and two bathrooms, one upstairs and one downstairs, it's perfectly suited for extended families, teenagers needing their own space, or those looking to generate additional income.
Upstairs offers a comfortable and functional living zone, with all bedrooms and the main living area carpeted for warmth and comfort, complemented by a fully tiled, practical kitchen designed for everyday ease.
Downstairs is fully tiled and designed for low-maintenance living, offering a spacious second living area or rumpus room, a large multipurpose room, its own bathroom, and a separate laundry or storage space.
Over the past seven years, the home has seen a number of improvements including a new timber deck and balcony, an updated front façade, a renovated upstairs bathroom and toilet, new carpet upstairs, updated kitchen tiling, new tiles downstairs, and a fresh internal paint throughout.
Step outside and you're greeted by a huge backyard with endless potential. Whether you're dreaming of a pool, outdoor entertaining area, or a complete landscaped retreat, there's more than enough space here to bring your vision to life.
This is a fantastic opportunity for investors looking to maximise dual living potential, or for a hands-on family ready to add value and create something special. Properties with this much land, flexibility and upside are becoming increasingly hard to find.
Council Rates - approx. $1,636.87 per 6 months
Water Rates - approx. $503.79 per quarter
Rental Appraisal - $950 to $1,000 per week
Opportunities like this don't last long, making this a fantastic chance to secure an entry-level freestanding home in one of the Gold Coast's fastest-growing suburbs.
Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath doesnot accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change
Listing description written by Olivia McCubbin, McGrath Southport — reproduced as published, not verified by Districts.