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 · 0.51 km away

Sold for

$1,310,000

Adjusted to this home

$1,391,256

What we added and subtracted to make this sale comparable to 38 Petherbridge Avenue
Floor area	this home 235 m² · comparable 160 m²	+$120,000
Street	this home 0.0355 · comparable 0.1341	−$103,333
Bedrooms	this home 5 · comparable 4	+$63,461
Pool	this home 1 · comparable 0	+$52,000
Micro-location	this home 0.0222 · comparable 0.0567	−$36,156
Land size	this home 656 m² · comparable 763 m²	−$16,350
Year built	this home 1991 · comparable 1990	+$1,634
Net adjustment		+$81,256

A further 11 factors were compared and found the same on both properties, so no money moved.

5 Felix Court

Sold 27 April 2026 · 0.68 km away

Sold for

$1,330,000

Adjusted to this home

$1,457,260

What we added and subtracted to make this sale comparable to 38 Petherbridge Avenue
Car spaces	this home 2 · comparable 4	−$107,726
Floor area	this home 235 m² · comparable 181.6 m²	+$85,440
Bedrooms	this home 5 · comparable 4	+$63,461
Pool	this home 1 · comparable 0	+$52,000
Street	this home 0.0355 · comparable 0.005	+$32,452
Land size	this home 656 m² · comparable 487 m²	+$25,823
Micro-location	this home 0.0222 · comparable 0.0405	−$19,471
Year built	this home 1991 · comparable 2002	−$17,970
Cladding	this home 3 · comparable 2	+$14,400
Distance to beach	this home 8.59 km · comparable 7.92 km	−$1,149
Net adjustment		+$127,260

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

15 TORRIDON CL

Sold 11 February 2026 · 0.29 km away

Sold for

$1,435,000

Adjusted to this home

$1,524,461

What we added and subtracted to make this sale comparable to 38 Petherbridge Avenue
Floor area	this home 235 m² · comparable 100.07 m²	+$215,888
Condition	this home 7 · comparable 9	−$143,500
Bedrooms	this home 5 · comparable 4	+$63,461
Micro-location	this home 0.0222 · comparable 0.0739	−$59,352
Pool	this home 1 · comparable 0	+$52,000
Street	this home 0.0355 · comparable 0.0753	−$45,690
Cladding	this home 3 · comparable 2	+$14,400
Land size	this home 656 m² · comparable 696 m²	−$6,112
Year built	this home 1991 · comparable 1992	−$1,634
Net adjustment		+$89,461

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

32 Merridown Drive

Sold 30 October 2025 · 0.65 km away

Sold for

$1,335,000

Adjusted to this home

$1,273,472

What we added and subtracted to make this sale comparable to 38 Petherbridge Avenue
Floor area	this home 235 m² · comparable 150.13 m²	+$135,792
Micro-location	this home 0.0222 · comparable 0.1209	−$105,411
Street	this home 0.0355 · comparable 0.1323	−$103,382
Bedrooms	this home 5 · comparable 4	+$63,461
Condition	this home 7 · comparable 8	−$53,400
Cladding	this home 3 · comparable 2	+$14,400
Land size	this home 656 m² · comparable 741 m²	−$12,988
Net adjustment		−$61,528

A further 11 factors were compared and found the same on both properties, so no money moved.

34 Merridown Drive

Sold 6 July 2026 · 0.66 km away

Sold for

$1,425,000

Adjusted to this home

$1,230,567

What we added and subtracted to make this sale comparable to 38 Petherbridge Avenue
Car spaces	this home 2 · comparable 6	−$215,453
Floor area	this home 235 m² · comparable 160 m²	+$120,000
Micro-location	this home 0.0222 · comparable 0.1211	−$112,746
Street	this home 0.0355 · comparable 0.1323	−$110,352
Bedrooms	this home 5 · comparable 4	+$63,461
Condition	this home 7 · comparable 6	+$57,000
Cladding	this home 3 · comparable 2	+$14,400
Land size	this home 656 m² · comparable 737 m²	−$12,377
Year built	this home 1991 · comparable 1990	+$1,634
Net adjustment		−$194,433

A further 9 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 38 Petherbridge Avenue 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 38 Petherbridge Avenue 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