Sunnybank at a glance
10,413
People
$1,645,000
Median sale
$670/wk
Median rent
2.12%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
QLD › Sunnybank › Mitchell St
$1,308,800
Last sold
25 Sept 2023
5
Bedrooms
7
Bathrooms
2
Car spaces
607 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
$1,308,800
25 Sept 2023 · derived via latest_sale
Local land rate: recorded House sales in Sunnybank (last 5 years) with land size have a median of $2,201/m² of land (n=98). Districts calculation from recorded sales — not a valuation.
Sunnybank at a glance
10,413
People
$1,645,000
Median sale
$670/wk
Median rent
2.12%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Vs Sunnybank
-20.4%
Median sale
Suburb $1,645,000
+0.54 pp
Gross yield
Suburb 2.12%
Suburb median $1,645,000 from 29 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 $670/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
Sunnybank at a glance
10,413
People
$1,645,000
Median sale
$670/wk
Median rent
2.12%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX First ChoiceAn exceptional investment opportunity awaits in the bustling heart of Sunnybank. This expansive five-bedroom house, complete with individual kitchenettes for each room, presents a compelling proposition for astute buyers.
Nestled on a generous 607m2 plot, this residence, while not recently renovated, offers significant potential for substantial returns, positioning it as an ideal option for student accommodation with a lucrative rental income stream.
Spanning two well-designed levels, the home boasts spacious living areas, multiple well-appointed kitchens, and a total of seven bathrooms, adeptly catering to the requirements of multiple occupants. The generous yard provides abundant space for enhancements. The property is equipped with split system A/C and 6000kw Solar panels, adding both comfort and eco-conscious features.
Beyond its current configuration, this property holds promising subdivision potential (subject to city council approval and a small lot code). Envision the myriad investment opportunities this property unveils.
Features included:
• Five bedrooms and seven bathrooms await, including four ensuite bathrooms
• Multiple living areas, a full-size kitchen, and three kitchenettes are all at your disposal
• Ample natural light, neutral color tones, and quality finishes throughout
• Internal laundry, carport, and garage with gated access add convenience
• Air-conditioning, electric hot water system, and a 6kW solar system for efficiency
• Two garden sheds, fully fenced yard, offering plenty of room to spread out
• Prime 607sqm lot size enhances the property's value
Situated in a highly desirable lifestyle locale, the residence enjoys close proximity to Market Square, Sunnybank Plaza, CBD-bound bus routes, and esteemed Griffith University campuses at Mt Gravatt and Nathan.
Don't miss out on this remarkable opportunity; schedule an inspection today to explore the extensive potential this property offers!
Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Listing description written by Annie Hou, RE/MAX First Choice — reproduced as published, not verified by Districts.