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QLD › Middle Ridge › Spring St

U1, 164 Spring St, Middle Ridge QLD 4350

For saleUnit

$799,000

For sale

Asking

2

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $799,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $799,000(Listing record · 25 June 2026)
  • CalculationAsk is 26% below the Middle Ridge median recorded sale ($1,075,500, n=45, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Middle Ridge's advertised median rent ($708/wk), implied gross yield would be 4.61% — 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

$799,000

Asking

No recorded sale for this property.

Middle Ridge at a glance

8,113

People

$1,075,500

Median sale

$708/wk

Median rent

3.42%

Suburb gross yield

Median sale from 45 recorded sales (last 12 months) — a Districts calculation.

See the full Middle Ridge report →

Vs Middle Ridge

-25.7%

Median sale

Suburb $1,075,500

+1.19 pp

Gross yield

Suburb 3.42%

Suburb median $1,075,500 from 45 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$799,000
Stamp Duty (Queensland)
$28,980
Transfer/Registration Fee
$3,135
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
$834,815

$35,815 on top of the price (4.5% 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 Middle Ridge's advertised median rent — not a rent for this listing.

Net yield
3.11%
Annual cashflow (pre-tax)
$-16,717
Interest cover (DSCR)
0.60
Annual rent
$36,816
Operating expenses
$11,985
Loan amount
$639,200
Annual interest
$41,548
Gross yield
4.61%

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$799,000available25 June 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 $708/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 4.6%. 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

Middle Ridge in one glance

Middle Ridge at a glance

8,113

People

$1,075,500

Median sale

$708/wk

Median rent

3.42%

Suburb gross yield

Median sale from 45 recorded sales (last 12 months) — a Districts calculation.

See the full Middle Ridge report →

Keep researching

  • Why Middle Ridge? Read the area thesis →
  • What else is on the market in Middle Ridge →
  • Other records on Spring St →

Listing material

Listed by NGU Real Estate Toowoomba

A Home-Like Feel with All the Convenience of Unit Living

Welcome to 1/164 Spring Street - a beautifully presented and generously proportioned unit offering modern comfort, effortless living, and exceptional convenience in the sought-after suburb of Middle Ridge. Lovingly maintained and impeccably cared for, this spacious home boasts a thoughtfully designed floor plan that feels more like a home than a unit.

The home offers:

- Two large bedrooms with built in robes and ceiling fans

Read the full description

- The master bedroom boasts an ensuite with large walk-in shower

- Family bathroom with a separate shower and bath

- Open plan living and dining area with ceiling fan

- Rare secondary living space

- Ducted air conditioning throughout the home

- Double car garage with remote and internal access

- Covered outdoor entertaining area

- Security screens throughout

- High ceilings

- Office nook

- Low maintenance lawn and gardens

* No body corp fees, shared insurance only

* Rates: $1,291.57 per half year

* School zones: Middle Ridge State School & Centenary Heights State School

* Rent appraisal:

At the heart of the home is a stylish kitchen featuring stone benchtops, a Westinghouse induction cooktop, electric oven, dishwasher, and ample storage, all perfectly positioned to overlook the open-plan living and dining areas. Adding to the home's versatility is a rare secondary living room, providing valuable extra space for a media room, or separate sitting area for family and guests.

Designed for easy indoor-outdoor living, the light-filled living spaces seamlessly flow through large glass stacker doors to the covered outdoor entertaining area - the perfect setting for morning coffees or relaxing with your family and friends. Expansive windows throughout the home flood the interiors with natural light, creating a warm and inviting atmosphere.

Comfort is assured year-round with ducted air conditioning, while the double car accommodation provides secure parking and additional storage options.

Whether you're a downsizer, investor, or simply seeking a low-maintenance lifestyle without compromising on space, this well-appointed home delivers the perfect combination of style, comfort, and practicality.

For more information, please contact Matt Hawkins on 0423 120 232 or matt.hawkins@ngurealestate.com.au

Listing description written by Matt Hawkins, NGU Real Estate Toowoomba — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Outdoor Entertaining
  • Remote Garage
  • Secure Parking
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.