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QLD › Kuraby › Lema Circuit

62 Lema Circuit, Kuraby QLD 4112

House

$1,418,000

Last sold

16 Mar 2024

5

Bedrooms

2

Bathrooms

2

Car spaces

602 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,418,000 (16 Mar 2024).(Recorded sale)
  • FactLand 602 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Kuraby (last 5 years) with land size: median $2,136/m² of land (n=106). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$1,418,000

16 Mar 2024 · derived via latest_sale

Local land rate: recorded House sales in Kuraby (last 5 years) with land size have a median of $2,136/m² of land (n=106). Districts calculation from recorded sales — not a valuation.

Kuraby at a glance

9,248

People

$1,543,000

Median sale

$672/wk

Median rent

2.26%

Suburb gross yield

Median sale from 44 recorded sales (last 12 months) — a Districts calculation.

See the full Kuraby report →

Vs Kuraby

-8.1%

Median sale

Suburb $1,543,000

+0.20 pp

Gross yield

Suburb 2.26%

Suburb median $1,543,000 from 44 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

  1. Sold$1,418,00016 Mar 2024
  2. Listedprice unknowncompleted4 Mar 2024

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $672/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Kuraby in one glance

Kuraby at a glance

9,248

People

$1,543,000

Median sale

$672/wk

Median rent

2.26%

Suburb gross yield

Median sale from 44 recorded sales (last 12 months) — a Districts calculation.

See the full Kuraby report →

Keep researching

  • Why Kuraby? Read the area thesis →
  • What else is on the market in Kuraby →
  • Other records on Lema Circuit →

Listing material

Listed by Happy Real Estate International

Large Family or Small, There is Space for All

Welcome to this beautiful family home in a quiet and friendly street. A flat north-south facing block in a community of friendly neighbours and a welcoming and practical layout combine to create a special family residence that you will love.

Let's take the tour…

As soon as you step inside the home you will marvel at the spacious foyer. A formal lounge and formal dining area are to your left, and to your right you will discover a nice big study which can be the 6th bedroom or guest accommodation downstairs. There is also a very handy powder room for your convenience.

Read the full description

Let's continue to the genuine heart of the home…

The gourmet kitchen sits magnificently at the centre of the home with the dining and family areas flowing seamlessly into each other. This layout allows the Master Chef the opportunity to interact with guests, watch the children play and be part of the conversations when entertaining.

Let's head upstairs…

The master bedroom has been thoughtfully designed with a huge walk-in robe plus a large ensuite with double sink, and the bonus of an extra retreat space. This additional space will give Mum and Dad the enjoyment to sit down with a cup of tea and read a couple of pages of a book before resting each night. The other four bedrooms are large in size and well-appointed each offering plenty of privacy and space.

Extra features that make this home stand out:

• New bathrooms upstairs

• New flooring upstairs

• Beautiful spiral staircase

• Second outdoor kitchen

• Loads of storage space throughout

• Dishwasher

• Water tank

• 5 air conditioners

• Electric hot water system

Let's go outdoors…

The yard is very easy to maintain with the balance being just perfect. There are a variety of well-established fruit trees, well landscaped gardens that are easy to look after, and just enough green space for the children to play too.

Let's talk about the location…

It does not get any better than this. You can walk to the train station, childcare, school, bus stop and a few family parks. And it is only minutes in the car to the motorway for the city, airport, Gold Coast and Sunshine Coast. Whether you work in the CBD, locally, or elsewhere, this location is just going to make your life so much easier. Prestigious schools such as Redeemer College and John Paul College are within a 10 minutes' drive.

Alert buyers, make sure you take action fast as a large family home like this will not last! Call Helen now to secure this fantastic opportunity.

Please Note: This property is being sold by Auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

If you are planning to bid by phone or online, please make sure that you contact us at least 48 hours prior to the commencement of the auction so that our team can ensure all auction documentation is completed and you are registered to participate.

Disclaimer: All information found in this document has been collected from sources that we believe to be reliable. However, we are not able to offer any guarantee about the information contained and therefore interested parties should also make their own investigations and research.

Listing description written by Happy Helen, Happy Real Estate International — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Study
  • Water Tank
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.