A sale down the road is not evidence until it is adjusted for how it differs from this home. Here is each sale we used, what we changed, and by how much.

2 Mull Court

Sold 25 January 2026 · 1.00 km away

Sold for

$1,310,000

Adjusted to this home

$1,346,505

What we added and subtracted to make this sale comparable to 1 Cove Court
Street	this home 0.0472 · comparable 0.1341	−$91,071
Floor area	this home 210 m² · comparable 160 m²	+$80,000
Car spaces	this home 3 · comparable 2	+$53,863
Bathrooms	this home 3 · comparable 2	+$40,000
Land size	this home 658 m² · comparable 763 m²	−$16,044
Cladding	this home 2 · comparable 3	−$14,400
Micro-location	this home 0.0447 · comparable 0.0567	−$12,576
Year built	this home 1988 · comparable 1990	−$3,267
Net adjustment		+$36,505

A further 10 factors were compared and found the same on both properties, so no money moved.

5 Felix Court

Sold 27 April 2026 · 1.45 km away

Sold for

$1,330,000

Adjusted to this home

$1,413,057

What we added and subtracted to make this sale comparable to 1 Cove Court
Car spaces	this home 3 · comparable 4	−$53,863
Floor area	this home 210 m² · comparable 181.6 m²	+$45,440
Street	this home 0.0472 · comparable 0.005	+$44,901
Bathrooms	this home 3 · comparable 2	+$40,000
Land size	this home 658 m² · comparable 487 m²	+$26,129
Year built	this home 1988 · comparable 2002	−$22,870
Micro-location	this home 0.0447 · comparable 0.0405	+$4,469
Distance to beach	this home 8.69 km · comparable 7.92 km	−$1,149
Net adjustment		+$83,057

A further 10 factors were compared and found the same on both properties, so no money moved.

15 TORRIDON CL

Sold 11 February 2026 · 1.41 km away

Sold for

$1,435,000

Adjusted to this home

$1,483,130

What we added and subtracted to make this sale comparable to 1 Cove Court
Floor area	this home 210 m² · comparable 100.07 m²	+$175,888
Condition	this home 7 · comparable 9	−$143,500
Car spaces	this home 3 · comparable 2	+$53,863
Bathrooms	this home 3 · comparable 2	+$40,000
Micro-location	this home 0.0447 · comparable 0.0739	−$33,522
Street	this home 0.0472 · comparable 0.0753	−$32,259
Year built	this home 1988 · comparable 1992	−$6,534
Land size	this home 658 m² · comparable 696 m²	−$5,806
Net adjustment		+$48,130

A further 10 factors were compared and found the same on both properties, so no money moved.

18 Nisbet Place

Sold 14 January 2026 · 1.15 km away

Sold for

$1,215,000

Adjusted to this home

$1,388,107

What we added and subtracted to make this sale comparable to 1 Cove Court
Floor area	this home 210 m² · comparable 110.21 m²	+$159,664
Street	this home 0.0472 · comparable 0.15	−$99,922
Bedrooms	this home 4 · comparable 3	+$63,461
Car spaces	this home 3 · comparable 2	+$53,863
Bathrooms	this home 3 · comparable 2	+$40,000
Land size	this home 658 m² · comparable 858 m²	−$30,560
Year built	this home 1988 · comparable 1994	−$9,802
Micro-location	this home 0.0447 · comparable 0.0484	−$3,597
Net adjustment		+$173,107

A further 10 factors were compared and found the same on both properties, so no money moved.

32 Merridown Drive

Sold 30 October 2025 · 1.31 km away

Sold for

$1,335,000

Adjusted to this home

$1,229,404

What we added and subtracted to make this sale comparable to 1 Cove Court
Floor area	this home 210 m² · comparable 150.13 m²	+$95,792
Street	this home 0.0472 · comparable 0.1323	−$90,886
Micro-location	this home 0.0447 · comparable 0.1209	−$81,382
Car spaces	this home 3 · comparable 2	+$53,863
Condition	this home 7 · comparable 8	−$53,400
Pool	this home 0 · comparable 1	−$52,000
Bathrooms	this home 3 · comparable 2	+$40,000
Land size	this home 658 m² · comparable 741 m²	−$12,682
Year built	this home 1988 · comparable 1991	−$4,901
Net adjustment		−$105,596

A further 9 factors were compared and found the same on both properties, so no money moved.

34 Merridown Drive

Sold 6 July 2026 · 1.33 km away

Sold for

$1,425,000

Adjusted to this home

$1,188,962

What we added and subtracted to make this sale comparable to 1 Cove Court
Car spaces	this home 3 · comparable 6	−$161,590
Street	this home 0.0472 · comparable 0.1323	−$97,014
Micro-location	this home 0.0447 · comparable 0.1211	−$87,096
Floor area	this home 210 m² · comparable 160 m²	+$80,000
Condition	this home 7 · comparable 6	+$57,000
Pool	this home 0 · comparable 1	−$52,000
Bathrooms	this home 3 · comparable 2	+$40,000
Land size	this home 658 m² · comparable 737 m²	−$12,071
Year built	this home 1988 · comparable 1990	−$3,267
Net adjustment		−$236,038

A further 9 factors were compared and found the same on both properties, so no money moved.

4 Scotia Place

Sold 12 May 2026 · 0.45 km away

Sold for

$1,085,000

Adjusted to this home

$1,345,400

What we added and subtracted to make this sale comparable to 1 Cove Court
Floor area	this home 210 m² · comparable 112 m²	+$77,730
Car spaces	this home 3 · comparable 1	+$53,403
Street	this home 0.0472 · comparable -0.0364	+$35,973
Bedrooms	this home 4 · comparable 3	+$31,459
Micro-location	this home 0.0447 · comparable -0.0195	+$27,625
Bathrooms	this home 3 · comparable 2	+$19,829
Land size	this home 658 m² · comparable 404 m²	+$19,240
Year built	this home 1988 · comparable 1994	−$4,859
Net adjustment		+$260,400

A further 10 factors were compared and found the same on both properties, so no money moved.

3 Cabot Court

Sold 20 April 2026 · 0.07 km away

Sold for

$1,000,000

Adjusted to this home

$1,239,998

What we added and subtracted to make this sale comparable to 1 Cove Court
Floor area	this home 210 m² · comparable 93 m²	+$84,952
Car spaces	this home 3 · comparable 1	+$48,886
Bathrooms	this home 3 · comparable 1	+$36,304
Bedrooms	this home 4 · comparable 3	+$28,798
Street	this home 0.0472 · comparable -0.0193	+$24,142
Land size	this home 658 m² · comparable 400 m²	+$17,890
Year built	this home 1988 · comparable 1990	−$1,482
Micro-location	this home 0.0447 · comparable 0.0433	+$508
Net adjustment		+$239,998

A further 10 factors were compared and found the same on both properties, so no money moved.

We are not claiming to be more accurate than anyone else. We are showing you the sales, the adjustments and the band they produce, so you can judge the number yourself.

Will Simpson, Fields Real Estate — Will SimpsonFields Real Estate

Your market update

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 1 Cove Court sit?

Gold Coast homes listed for 60 to 180 days rose from 1,288 in March to 2,618 in August (SQM Research). A rising count of homes sitting unsold has historically been associated with downward pressure on asking prices.

But property markets do not move as one—and neither do individual homes.

We traced the estimated value of 1 Cove Court over the past 18 months, compared it with Merrimac’s wider market, and examined the indicators most likely to reveal what happens next.

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The document we prepare before a home goes to market — valuation evidence, comparables and market position, with a cover prepared for this address.

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Market Update Report

The recent nearby sales adjusted to this home, weighed against the national headlines — the same report you can open above.

Why I built Fields

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1 Cove Court

Houses for sale nearby

New listings & latest sales

Where your competition sits

Your valuation

The 8 sales behind that range — and every adjustment

2 Mull Court

5 Felix Court

15 TORRIDON CL

18 Nisbet Place

32 Merridown Drive

34 Merridown Drive

4 Scotia Place

3 Cabot Court

Gold Coast homes sitting unsold for 60 to 180 days doubled from March to August. Where does 1 Cove Court sit?

Your home

See your home the way a buyer does

703 Glades Drive

919 Medinah Avenue

15 Red Ash Court

24 Merridown Drive

12 Murrayfield Place

6 Dunedin Close

60 Petherbridge Avenue

6 Nicklaus Court

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Valuation Report

Property Positioning Report

Market Update Report

Why I built Fields