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.
QLD › Millbank › Thomsen St
4
Bedrooms
2
Bathrooms
2
Car spaces
498 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
No recorded sale price for this property yet.
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.
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 Michaels Real EstateNestled in the suburb of Millbank, this brick home is your opportunity to secure a fantastic property in a sought-after location.
Situated on a corner block, this home offers both convenience and privacy.
All amenities, including schools, shopping, hospitals, and the CBD, are all within a 10-minute drive.
The spacious air-conditioned lounge room and open-plan dining and kitchen areas are designed for comfortable living. The kitchen is equipped with a gas stove top and ample storage space.
With three large bedrooms with built-in wardrobes, ensuring ample storage space for all your belongings. The main bedroom is air-conditioned for your comfort.
The fourth bedroom may be cosy, however still accommodates a single bed, desk, and TV unit with ease, it's perfect as a child's/Baby's room, guest room, or home office,
The main bathroom includes a shower, bath, and toilet, ensuring convenience for the whole family. An additional shower and toilet are located in the laundry area.
Despite its manageable 498m2 size, this property boasts a beautiful saltwater pool with enough room to create an outdoor seating area or revamp into what once was a BBQ area, a garden shed, plus a separate yard on the other side.
The property also includes 5.5kva solar, a double carport and side gate access, providing plenty of space and even room for a boat or caravan.
Currently tenanted and generating rental income of $450 per week, with a lease in place until 15th January 2024.
However, with the current market appraisal suggesting a rental potential of $500-$530 per week, this property is not only a comfortable family home but also an excellent investment opportunity.
Property Highlights:
- Conveniently located with all amenities within 10 minutes' drive
- Flood-free zone, offering peace of mind
- Generous 498m2 block with room for a saltwater pool
- Two grassed areas and a garden shed for outdoor enthusiasts
- Three large bedrooms with built-in wardrobes
- Air conditioning in the main bedroom for your comfort
- A cozy 4th bedroom, perfect for guests or a home office
- Fans in all bedrooms to keep you cool
- Spacious and air-conditioned lounge room for relaxation
- Open-plan dining and kitchen with a gas stove top
- Ample storage space to keep your kitchen organized
- Main bathroom with shower, bath, and toilet
- Additional second toilet and shower located in the laundry
- Enjoy the good-sized saltwater pool on hot summer days that has recently be re-lined
- 5.5kva Solar
- Double carport and side gate access at both ends for convenience
For more information or to arrange a viewing, please contact Tayla Bird on 0402 460 732.
**Every effort has been made to verify the correct details of this marketing. Neither the agent, vendor, nor illustrator is responsible for any omission, wrongful inclusion, misdescription, or typing error in this marketing material. All interested parties should enquire to verify the information and satisfy any concerns. Fixtures shown may not be included in the sale & questions must be directed to the agent. Any information intended to be relied on should be independently verified and necessary due diligence conducted. **
Listing description written by Michael Dempsey, Michaels Real Estate — reproduced as published, not verified by Districts.