Park Ridge South at a glance
1,717
People
$1,400,000
Median sale
$725/wk
Median rent
2.69%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
QLD › Park Ridge South › Merluna Rd
$650,000
Last sold
24 Nov 2016
4
Bedrooms
2
Bathrooms
4
Car spaces
4,223 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
$650,000
24 Nov 2016 · derived via latest_sale
Local land rate: recorded House sales in Park Ridge South (last 5 years) with land size have a median of $129/m² of land (n=7). Districts calculation from recorded sales — not a valuation.
Park Ridge South at a glance
1,717
People
$1,400,000
Median sale
$725/wk
Median rent
2.69%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Vs Park Ridge South
-53.6%
Median sale
Suburb $1,400,000
+3.11 pp
Gross yield
Suburb 2.69%
Suburb median $1,400,000 from 5 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 $725/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 South at a glance
1,717
People
$1,400,000
Median sale
$725/wk
Median rent
2.69%
Suburb gross yield
Median sale from 5 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Avenue PropertyWelcome to 53 Merluna Road PARK RIDGE SOUTH
From the moment you step inside, you are greeted with a welcoming entrance, enticing you to meander through the home. Outstanding views, soft breezes and natural light are abundant in this tranquil setting. A timeless colour palette and functionally designed layout feature throughout.
The Modern Kitchen overlooks your spectacular outdoor alfresco area and features an elegant design with new appliances ? including dishwasher and custom cabinetry along with a walk-in pantry. Adjacent, you have a wonderful space for casual dining and a family room for casual relaxing.
You?re then invited into the formal lounge room and formal dining room with elegantly featured bay windows providing wonderful views.
The Large Master Suite is perfectly positioned at the rear of the home and is certainly a show stopper, featuring a new designer ensuite, large walk-in robe, air-conditioning and ceiling fan, and opens out to the beautiful outdoor entertaining area, allowing wonderful breezes and natural light to flow through. 3 additional spacious bedrooms all offer robes and ceiling fans (2 with air-conditioning) and are all serviced by the stunning bathroom ? worthy of a feature article in any designer magazine - with floor to ceiling stylish tiles and outstanding finishes, fixtures and fittings.
Step outside into this spectacular setting and enjoy the outdoors. The Alfresco Area is great for Entertaining and spending time with all your family and friends enjoying the Queensland Lifestyle. This beautifully thought out space offers you a full functioning Kitchenette and ceiling fans and will provide many memories with your loved ones.
A double remote garage with slate inspired tiling and internal access to your home provides you with your secure vehicle space. However, we all know when living in a lifestyle home, you acquire many ?toys? and this owners have thought of it all, giving you a wonderful 6m x 9m garage with workshop for all those extras. 3 additional Garden Sheds are positioned within the vast landscape.
The home is ideally situated on a level, fully fenced 4223m2 block and is located within minutes of schools, shops, transport and positioned perfectly between Brisbane and the Gold Coast in a highly sort after growth area.
Wwithout doubt this beautiful family home is one you have to see for yourself.
53 Merluna Road offers you
4 Bedrooms
Master with Designer Ensuite, Walk-in Robe, Air-conditioning and Ceiling Fan
Stunning Modern Large Bathroom
Spectacular Kitchen with stainless steel appliances and walk-in pantry
Formal Lounge and dining
Casual Living and dining space
Laundry
Large Alfresco Patio with Ceiling Fans
Outdoor Kitchenette
Double Remote Garage
6m x 9m Garage and Workshop
Rainwater Tanks x 3
Fully Fenced Yard
4223m2 level block
Please contact Melissa Bennett for any further information.
Listing description written by Melissa Bennett, Avenue Property — reproduced as published, not verified by Districts.
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