12 Redgum Place, Molendinar QLD 4214
12 Redgum Place, Molendinar QLD 4214
5-bed two-storey house | quiet cul-de-sac | 640 m² block | June 2025 sale | dated condition with upside
Five bedrooms and four bathrooms are rarely found in Molendinar’s typical housing stock, and this two-storey house is positioned well above the suburb average. The 640 m² block is set in a quiet cul-de-sac, and the described untapped potential is best understood as a renovation opportunity where the bones and position are already in place. Value is therefore most likely to be created by a buyer who can see past the dated presentation and focus on the size and street quality. Demand for this type of family house is supported by the area’s tight rental vacancy, and the property is well served by primary and secondary school catchments. Owner-occupier families are the most natural fit, with a value-add investor also well catered for.
The dated condition may have a significant effect on price expectations, because the cost of updating the interior is likely to be weighed carefully against comparable finished homes. The car-space count appears differently across public listings, so the actual number of spaces might need to be confirmed before a final view is formed. The mixed industrial and residential character of the suburb may discourage some buyers, but the cul-de-sac location is expected to offset much of that concern. A refurbishment budget might therefore be treated as the key variable in any price assessment.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Redgum Place, Molendinar QLD 4214
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Molendinar, on the Gold Coast, is seeing strong owner-occupier and investor demand. Houses spend a median 20 days on market; unit sales rose 43.8% year-on-year. House price estimates range from $1.09m to $1.21m, with growth between 6.5% and 13.08%. The most active price point is $1.0m–$1.25m, capturing 31.8% of house sales. Unit pricing is volatile one source records $738,750 with 23.13% growth, another $359,250 with 7.2%. Rental yields are 4.49% for houses and 5.25% for units, with median weekly rents of $950 and $680. Ownership skews mortgage-heavy (41.4%), alongside 23.1% outright owners and 35.5% renters. Future growth is underpinned by strong turnover, but wide data variance and limited supply visibility temper the outlook.
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PropCred Estimated Value
Comparable Sales: 12 Mitchell Avenue, Molendinar sold $1,320,000 for 4-bed, 2-bath, 3-car on 729 m² | Property Price Band: $1.2M to $1.3M | Value Drivers: land size, dated condition, cul-de-sac location
Bedrooms
5
Bathroom
4
Parking
2
Land
640m²
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