Ashgrove at a glance
14,646
People
$2,152,500
Median sale
$719/wk
Median rent
1.74%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
QLD › Ashgrove › Mccormack Ave
$1,111,000
Last sold
4 Mar 2023
3
Bedrooms
1
Bathrooms
1
Car spaces
415 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
$1,111,000
4 Mar 2023 · derived via latest_sale
Local land rate: recorded House sales in Ashgrove (last 5 years) with land size have a median of $3,161/m² of land (n=87). Districts calculation from recorded sales — not a valuation.
Ashgrove at a glance
14,646
People
$2,152,500
Median sale
$719/wk
Median rent
1.74%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Vs Ashgrove
-48.4%
Median sale
Suburb $2,152,500
+1.63 pp
Gross yield
Suburb 1.74%
Suburb median $2,152,500 from 44 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 $719/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
UnknownArea
Ashgrove at a glance
14,646
People
$2,152,500
Median sale
$719/wk
Median rent
1.74%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Marsden AKGThis tastefully refreshed 3 bedroom character home in Ashgrove is surrounded by expansive designer homes in one of Ashgrove's best streets. Set across two spacious levels, whether you are looking for a stable home to live in or a blank canvas to build your dream home on a large elevated 415m2 block, this is an opportunity not to be missed.
Situated in the sought after 'Dorrington' estate, directly opposite parkland and a stone's throw away from the Banks Street Reserve, this truly is a once-in-a-lifetime opportunity.
The character home on the site is in great condition, having been renovated recently, and features polished timber flooring throughout and a re-energised front deck area. As you walk in through the front door, you will notice that the house is designed stylishly to open up to multiple living areas that eventually lead to a functional kitchen with high quality appliances. Take a left from the living areas and you reach three oversized bedrooms, all air-conditioned, with two of them having rustic timber doors that open up to the front deck. Down the staircase is a private rumpus and utility room enclave which brings together the lock-up garage and additional storage space.
The list of features for this property is never-ending and includes:
- Low-density residential zoning, allowing for demolition and construction of your dream home, if desired.
- Character home with high ceilings and a thoughtful colour scheme.
- Vertical VJ panelling and decorated ceilings throughout.
- Spacious living set across two levels with multiple living areas.
- Elevated 415m2 block of land, with a North/South aspect.
- Newly polished front deck area.
- Lock-up garage.
- Surrounded by luxurious residences.
- Fully gated home with a landscaped backyard with ample, fenced space for children and entertainment.
- Split system air conditioning throughout the house.
- Exceptional street appeal with elevated positioning and a striking gabled character façade.
- Wide frontage (almost 18m).
- Beautiful parkland on the opposite side of the street.
- Banks Street Reserve three doors away.
Located in what is undoubtedly one of Brisbane's fastest growing premium suburbs, this house is sure to impress you whether you are an owner occupier or investor. Just a 10min drive to the Brisbane CBD, the property is also proximate to motorways, public transport, shopping centres and some of the best schooling options in Brisbane.
If you are an owner occupier, this home is ready for you to come experience the rewarding lifestyle that Ashgrove offers. For the investor, these factors coupled with a strong rental history for the property will ensure your investment in this low maintenance house is sure to help grow your portfolio and cement your financial future.
Contact us today to arrange a viewing or to find out more about this property!
Auction: On-site, 4 March 2023, 1.00pm. Prior offers encouraged.
Listing description written by Ray White AKG Projects, Ray White Marsden AKG — reproduced as published, not verified by Districts.
Nearby 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.