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.

34 Merridown Drive

Sold 6 July 2026 · 2.61 km away

Sold for

$1,425,000

Adjusted to this home

$1,659,790

What we added and subtracted to make this sale comparable to 32 Lakelands Drive
Floor area	this home 320 m² · comparable 160 m²	+$256,000
Car spaces	this home 2 · comparable 6	−$215,453
Bedrooms	this home 5 · comparable 4	+$63,461
Condition	this home 7 · comparable 6	+$57,000
Pool	this home 0 · comparable 1	−$52,000
Bathrooms	this home 3 · comparable 2	+$40,000
Micro-location	this home 0.15 · comparable 0.1211	+$32,946
Year built	this home 2003 · comparable 1990	+$21,237
Street	this home 0.15 · comparable 0.1323	+$20,178
Cladding	this home 3 · comparable 2	+$14,400
Land size	this home 647 m² · comparable 737 m²	−$13,752
Distance to beach	this home 7.3 km · comparable 9.25 km	+$10,773
Net adjustment		+$234,790

A further 6 factors were compared and found the same on both properties, so no money moved.

12 Macallan Street

Sold 23 March 2026 · 2.48 km away

Sold for

$1,440,000

Adjusted to this home

$1,519,563

What we added and subtracted to make this sale comparable to 32 Lakelands Drive
Car spaces	this home 2 · comparable 5	−$161,590
Floor area	this home 320 m² · comparable 251 m²	+$110,400
Bedrooms	this home 5 · comparable 4	+$63,461
Pool	this home 0 · comparable 1	−$52,000
Micro-location	this home 0.15 · comparable 0.1113	+$44,582
Bathrooms	this home 3 · comparable 2	+$40,000
Year built	this home 2003 · comparable 1989	+$22,870
Cladding	this home 3 · comparable 2	+$14,400
Land size	this home 647 m² · comparable 735 m²	−$13,446
Distance to beach	this home 7.3 km · comparable 9.11 km	+$10,886
Net adjustment		+$79,563

A further 8 factors were compared and found the same on both properties, so no money moved.

6 Alter Court

Sold 17 April 2026 · 3.13 km away

Sold for

$1,380,000

Adjusted to this home

$1,521,984

What we added and subtracted to make this sale comparable to 32 Lakelands Drive
Micro-location	this home 0.15 · comparable 0.055	+$104,880
Floor area	this home 320 m² · comparable 260 m²	+$96,000
Bedrooms	this home 5 · comparable 6	−$63,461
Condition	this home 7 · comparable 8	−$55,200
Car spaces	this home 2 · comparable 1	+$53,863
Pool	this home 0 · comparable 1	−$52,000
Year built	this home 2003 · comparable 1988	+$24,504
Street	this home 0.15 · comparable 0.1302	+$21,859
Cladding	this home 3 · comparable 2	+$14,400
Land size	this home 647 m² · comparable 734 m²	−$13,294
Distance to beach	this home 7.3 km · comparable 8.6 km	+$10,433
Net adjustment		+$141,984

A further 7 factors were compared and found the same on both properties, so no money moved.

5 Felix Court

Sold 27 April 2026 · 1.63 km away

Sold for

$1,330,000

Adjusted to this home

$1,649,200

What we added and subtracted to make this sale comparable to 32 Lakelands Drive
Floor area	this home 320 m² · comparable 181.6 m²	+$131,542
Street	this home 0.15 · comparable 0.005	+$91,646
Micro-location	this home 0.15 · comparable 0.0405	+$69,209
Car spaces	this home 2 · comparable 4	−$63,992
Bedrooms	this home 5 · comparable 4	+$37,698
Bathrooms	this home 3 · comparable 2	+$23,761
Land size	this home 647 m² · comparable 487 m²	+$14,522
Cladding	this home 3 · comparable 2	+$8,554
Distance to beach	this home 7.3 km · comparable 7.92 km	+$5,290
Year built	this home 2003 · comparable 2002	+$970
Net adjustment		+$319,200

A further 8 factors were compared and found the same on both properties, so no money moved.

48 Lakelands Drive

Sold 6 March 2026 · 0.19 km away

Sold for

$2,300,000

Adjusted to this home

$1,854,343

What we added and subtracted to make this sale comparable to 32 Lakelands Drive
Backs golf course	this home 0 · comparable 1	−$220,800
Car spaces	this home 2 · comparable 5	−$161,590
Pool	this home 0 · comparable 1	−$52,000
Storeys	this home 1 · comparable 2	−$32,000
Land size	this home 647 m² · comparable 505 m²	+$21,698
Air conditioning	this home 0 · comparable 1	−$14,400
Floor area	this home 320 m² · comparable 313 m²	+$11,200
Distance to beach	this home 7.3 km · comparable 7.39 km	+$2,235
Net adjustment		−$445,657

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

2 Mull Court

Sold 25 January 2026 · 2.61 km away

Sold for

$1,310,000

Adjusted to this home

$1,624,400

What we added and subtracted to make this sale comparable to 32 Lakelands Drive
Floor area	this home 320 m² · comparable 160 m²	+$165,162
Micro-location	this home 0.15 · comparable 0.0567	+$63,083
Bedrooms	this home 5 · comparable 4	+$40,942
Bathrooms	this home 3 · comparable 2	+$25,806
Year built	this home 2003 · comparable 1990	+$13,702
Land size	this home 647 m² · comparable 763 m²	−$11,435
Street	this home 0.15 · comparable 0.1341	+$10,750
Distance to beach	this home 7.3 km · comparable 9.03 km	+$6,390
Net adjustment		+$314,400

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

32 Merridown Drive

Sold 30 October 2025 · 2.62 km away

Sold for

$1,335,000

Adjusted to this home

$1,668,481

What we added and subtracted to make this sale comparable to 32 Lakelands Drive
Floor area	this home 320 m² · comparable 150.13 m²	+$259,284
Bedrooms	this home 5 · comparable 4	+$60,540
Condition	this home 7 · comparable 8	−$50,942
Pool	this home 0 · comparable 1	−$49,607
Bathrooms	this home 3 · comparable 2	+$38,159
Micro-location	this home 0.15 · comparable 0.1209	+$29,648
Year built	this home 2003 · comparable 1991	+$18,701
Street	this home 0.15 · comparable 0.1323	+$18,034
Cladding	this home 3 · comparable 2	+$13,738
Land size	this home 647 m² · comparable 741 m²	−$13,702
Distance to beach	this home 7.3 km · comparable 9.24 km	+$9,628
Net adjustment		+$333,481

A further 7 factors were compared and found the same on both properties, so no money moved.

15 TORRIDON CL

Sold 11 February 2026 · 2.08 km away

Sold for

$1,435,000

Adjusted to this home

$1,798,549

What we added and subtracted to make this sale comparable to 32 Lakelands Drive
Floor area	this home 320 m² · comparable 100.07 m²	+$245,686
Condition	this home 7 · comparable 9	−$100,190
Micro-location	this home 0.15 · comparable 0.0739	+$60,996
Street	this home 0.15 · comparable 0.0753	+$59,874
Bedrooms	this home 5 · comparable 4	+$44,308
Bathrooms	this home 3 · comparable 2	+$27,928
Year built	this home 2003 · comparable 1992	+$12,546
Cladding	this home 3 · comparable 2	+$10,054
Distance to beach	this home 7.3 km · comparable 8.75 km	+$7,574
Land size	this home 647 m² · comparable 696 m²	−$5,227
Net adjustment		+$363,549

A further 8 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 32 Lakelands Drive 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 32 Lakelands Drive 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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Reports for this address

Valuation Report

The full comparable-sales assessment for this home — the evidence, adjustment grid and reconciliation behind the range. The same report you can open above.

Property Positioning Report

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

Will Simpson · 84 seconds