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QLD › Ellen Grove › Milan St

U67, 9 Milan St, Ellen Grove QLD 4078

For saleTownhouse

$760,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

134 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $760,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $760,000(Listing record · 23 June 2026)
  • FactLand 134 m²; no building size recorded.(Property record)
  • CalculationAsk is 22% below the Ellen Grove median recorded sale ($975,000, n=8, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Ellen Grove's advertised median rent ($636/wk), implied gross yield would be 4.35% — 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

$760,000

Asking · $5,672/m² of land

No recorded sale for this property.

Ellen Grove at a glance

4,191

People

$975,000

Median sale

$636/wk

Median rent

3.39%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Ellen Grove report →

Vs Ellen Grove

-22.1%

Median sale

Suburb $975,000

+0.96 pp

Gross yield

Suburb 3.39%

Suburb median $975,000 from 8 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$760,000
Stamp Duty (Queensland)
$27,225
Transfer/Registration Fee
$2,949
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
$793,874

$33,874 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 Ellen Grove's advertised median rent — not a rent for this listing.

Net yield
2.85%
Annual cashflow (pre-tax)
$-17,848
Interest cover (DSCR)
0.55
Annual rent
$33,072
Operating expenses
$11,400
Loan amount
$608,000
Annual interest
$39,520
Gross yield
4.35%

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$760,000available23 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 $636/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 4.4%. 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

Ellen Grove in one glance

Ellen Grove at a glance

4,191

People

$975,000

Median sale

$636/wk

Median rent

3.39%

Suburb gross yield

Median sale from 8 recorded sales (last 12 months) — a Districts calculation.

See the full Ellen Grove report →

Keep researching

  • Why Ellen Grove? Read the area thesis →
  • What else is on the market in Ellen Grove →
  • Other records on Milan St →

Listing material

Listed by TheOnsiteManager

One of Ellen Grove's Best Value Townhouses - Owner Occupied & Move-In Ready

Enjoying a prized street-facing position within Grove Village, this beautifully presented townhouse offers something increasingly difficult to find: an open outlook, excellent natural light and enhanced privacy, with no neighbouring townhouses directly opposite.

Immaculately maintained by its current owner, the home is ready for its new owners to move straight in and enjoy. With a practical layout, generous living spaces and a private outdoor area, it is an ideal choice for first home buyers, downsizers and investors alike.

The spacious open-plan living and dining area forms the heart of the home, flowing seamlessly into the fully fenced courtyard. Whether you are entertaining friends, enjoying a family barbecue or relaxing after a long day, the indoor-outdoor connection makes everyday living easy and enjoyable.

Read the full description

Overlooking the living area, the well-appointed kitchen features quality stainless-steel appliances, an electric cooktop, dishwasher, ample cabinetry and generous preparation space. Its open design allows you to remain connected with family and guests while preparing meals.

Upstairs are three comfortable bedrooms with built-in wardrobes and ceiling fans. The master bedroom includes a private ensuite and Mitsubishi split-system air conditioning, while the second bedroom also benefits from Mitsubishi split-system air conditioning - perfect for children, guests or use as a home office. A well-positioned main bathroom services the remaining bedrooms.

Outside, the private courtyard provides a secure, low-maintenance space for children and pets, weekend entertaining or simply enjoying some fresh air in peaceful surroundings.

Residents of Grove Village also enjoy beautifully maintained landscaped grounds, a sparkling in-ground swimming pool and the convenience and peace of mind provided by professional on-site management.

The location places everyday essentials within easy reach. Forest Lake Shopping Centre, coffee shops, parks, public transport and popular lakeside walking trails are all only minutes away, with convenient access to Grand Avenue State School, Forest Lake State School and St John's Anglican College.

Property Features

- Highly sought-after street-facing position

- No neighbouring townhouses directly opposite

- Bright interior with enhanced privacy and an open outlook

- Owner-occupied and immaculately maintained

- Three generous bedrooms with built-in wardrobes and ceiling fans

- Master bedroom with private ensuite

- Three Mitsubishi split-system air conditioners

- Spacious open-plan living and dining area

- Modern kitchen with stainless-steel appliances and dishwasher

- Brand-new electric hot-water system

- Private and fully fenced courtyard

- Single remote-control garage plus driveway parking

- Resort-style swimming pool within the complex

- Professionally managed and well-maintained community

- Convenient access to shops, schools, parks and public transport

Financial Information

- Council rates: Approximately $448 per quarter

- Body corporate levies: Approximately $1,330 per quarter

- Rental appraisal: From $650 per week

Offering privacy, excellent presentation and a desirable position within a tightly held community, this impressive townhouse stands apart from the rest.

Whether you are looking for a comfortable home or a quality investment, this is an opportunity you will not want to miss.

Contact On-Site Manager Cong today for further information or to arrange an inspection.

Disclaimer: Every effort has been made to ensure the accuracy of the information provided. However, no warranty or representation is given, and no responsibility is accepted for any errors, omissions or inaccuracies. All interested parties should make their own enquiries and rely on their own inspections and independent advice before making a purchasing decision.(Listing ID: 21184159 )

Listing description written by Cong Huang, TheOnsiteManager — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Pet-Friendly
  • Remote Garage
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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.