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QLD › Zillmere › Grasspan St

7/22 Grasspan St, Zillmere QLD 4034

For saleTownhouse

$725,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

109 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $725,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $725,000(Listing record · 10 Aug 2026)
  • FactLand 109 m²; no building size recorded.(Property record)
  • CalculationAsk is 34% below the Zillmere median recorded sale ($1,092,500, n=46, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Zillmere's advertised median rent ($599/wk), implied gross yield would be 4.30% — this is not a rent for this listing.(Districts scenario calculation)

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

The ask against the evidence

Asking

$725,000

Asking · $6,651/m² of land

No recorded sale for this property.

Zillmere at a glance

10,148

People

$1,092,500

Median sale

$599/wk

Median rent

2.85%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Zillmere report →

Vs Zillmere

-33.6%

Median sale

Suburb $1,092,500

+1.45 pp

Gross yield

Suburb 2.85%

Suburb median $1,092,500 from 46 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$725,000
Stamp Duty (Queensland)
$25,650
Transfer/Registration Fee
$2,809
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$757,159

$32,159 on top of the price (4.4% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Zillmere's advertised median rent — not a rent for this listing.

Net yield
2.80%
Annual cashflow (pre-tax)
$-17,427
Interest cover (DSCR)
0.54
Annual rent
$31,148
Operating expenses
$10,875
Loan amount
$580,000
Annual interest
$37,700
Gross yield
4.30%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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. Listed$725,000available9 Aug 2026

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 $599/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

Gross yield if leased at the suburb aggregate is 4.3%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

Zillmere in one glance

Zillmere at a glance

10,148

People

$1,092,500

Median sale

$599/wk

Median rent

2.85%

Suburb gross yield

Median sale from 46 recorded sales (last 12 months) — a Districts calculation.

See the full Zillmere report →

Keep researching

  • Why Zillmere? Read the area thesis →
  • What else is on the market in Zillmere →
  • Other records on Grasspan St →

Listing material

Listed by One Percent Property Sales

Stand alone Townhouse - Move in ready!

Move straight in and enjoy! With recent upgrades already completed, 7/22 Grasspan Street Zillmere, is ready and waiting for its next lucky owners to simply unpack and start enjoying the easy care lifestyle on offer.

Perfectly tucked away in a quiet and well maintained complex, this lovely townhouse offers the peace, privacy and convenience that so many buyers are searching for. Whether you're a first home buyer, downsizer or savvy investor, this property is sure to impress.

Recent improvements including stylish floating flooring, brand new carpets and air conditioning throughout the living area and every bedroom mean all the hard work has already been done for you.

Read the full description

Upstairs features three generous bedrooms, all complete with built in wardrobes, ceiling fans and air conditioning for year round comfort. The spacious master bedroom enjoys its own private ensuite, while one of the additional bedrooms opens directly onto a private balcony, creating the perfect spot to enjoy your morning coffee or unwind at the end of the day. The main bathroom is well appointed with a walk in shower and toilet.

Downstairs is designed for easy everyday living, with an open plan kitchen overlooking the spacious living and dining area. Sliding doors lead seamlessly to the private undercover entertaining area and fully fenced courtyard, making it the perfect place to entertain family and friends or simply relax in your own private oasis.

Adding to the home's practicality is the tucked away laundry, convenient downstairs powder room and internal access from the remote single lock up garage.

The location is another standout feature, just leave the car at home and enjoy the convenience of walking distance to Zillmere Village, Zillmere Train Station, bus stops, local cafes, shops and everyday amenities, with schools and parks also close by.

Properties offering this combination of style, comfort and convenience don't last long.

Come, See, Buy then Occupy!

**Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, One Percent Property Sales will not be held liable for any errors in typing, information or floor plan measurements. All interested parties should rely upon their own enquiries in order to determine whether this information is in fact accurate, and that the property meets their requirements.**

Listing description written by David Sullivan, One Percent Property Sales — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Broadband
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Fully Fenced
  • Outdoor Entertaining
  • Pay TV
  • Reverse Cycle Aircon
  • Secure Parking
  • Shed
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.