Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
$275,000
Last sold
4 Aug 2021
3
Bedrooms
1
Bathrooms
1
Car spaces
888 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
$275,000
4 Aug 2021 · derived via latest_sale
Local land rate: recorded House sales in Millbank (last 5 years) with land size have a median of $582/m² of land (n=95). Districts calculation from recorded sales — not a valuation.
Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Millbank
-55.6%
Median sale
Suburb $620,000
+5.89 pp
Gross yield
Suburb 4.70%
Suburb median $620,000 from 27 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 $560/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
Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Location Property AgentsSIMPLY PAINT & PROFIT - A MUST SEE PROPERTY BIGGER THAN YOU EXPECT.
3 BEDROOMS, OFFICE & 2 LIVING AREAS WITH 95% OF THE WORK COMPLETE...
Beautiful fretwork, unique timber panelling & feature ceilings showcase this character filled colonial style home! A change of circumstances provides the next passionate person the opportunity to continue with the transformation of this much-loved home, which the current owner has been lovingly restoring. This is one property you can’t just do a ‘drive by’ on.
Property Features Include:
- Expansive sunroom welcomes you into this one-of-a-kind property
- Newly polished, stunning timber floorboards emphasise the warmth of the home, complimented by original tongue and groove walls throughout
- Three bedrooms in total, the main being massive with air conditioning & ceiling fan, ideal size to install an ensuite
- There are two completely separate lounge rooms, one having a recent makeover which is also air conditioned, which could be considered & transformed into a 4th bedroom
- The freshly painted dining area is open to the original lounge area, which has plenty of windows overlooking the rear yard, with an office area adjoining
- The large kitchen space adjacent to the dining area has newly installed timber cupboards & granite benchtops, a free-standing deluxe gas stove which all compliment the era of the home
- Three bedrooms in total, the main being massive with air conditioning & ceiling fan, ideal size to install an ensuite
- There is a single lock up garage to the home with internal access which is wider and longer than most garages spaces, giving you additional storage area
- Outside you will find the laundry plus a lock up tool shed for storage, both adding to the character of the home being the original buildings, with the allotment is 888m2 with side access via the left-hand side of the property to access the yard
- A great start has been made with the newly installed concrete pad for your entertaining space, nestled nicely in the landscaped grounds and gardens surrounded by the new 6 foot timber hardwood fencing
- The property is very sound having all concrete stumps in place, new roof & guttering, partially re-wired and new plumbing
- If you like to add your own personal touch to a home, this one requires your inspection to make your mark on it and make it your own
Call to arrange your inspection QUICKLY!
**Whilst every endeavour has been made to verify the correct details in this marketing neither the agent, vendor or contracted illustrator take any responsibility for any omission, wrongful inclusion, misdescription or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided.
The floor plan included in this marketing material is for illustration purposes only, all measurement are approximate and is intended as an artistic impression only. Any fixtures shown may not necessarily be included in the sale contract and it is essential that any queries are directed to the agent. Any information that is intended to be relied upon should be independently verified.**
Listing description written by Daniel & Kristy-Lee Anderson, Location Property Agents — reproduced as published, not verified by Districts.