7 Red Gum Close, Mount Sheridan – Sold for $845,000
If you saw 7 Red Gum Close sell for $845,000, you’re probably thinking:
That feels high for a three-bedroom home in Mount Sheridan.
It is.
But it’s also justified.
Property Snapshot – 7 Red Gum Close, Mount Sheridan QLD
• Sale Price: $845,000
• Land Size: 464m²
• Configuration: 3 bed, 2 bath, 2 car
• Key Features: Pool, timber deck, outdoor entertaining, upgraded finishes
• Condition: Fully renovated, move-in ready
At a glance, this is a three-bedroom home on a smaller block.
That’s not what buyers saw.
Where This Sits in the Current Mount Sheridan Market
Recent context:
• Standard 3 bed homes: $600K–$680K
• Updated 3 bed homes: $680K–$720K
• Larger homes or strong upgrades: $720K–$780K
Now look at this result.
$845,000.
That pushes well beyond the typical range.
What Buyers Actually Paid For
This is not a land-driven sale.
This is a lifestyle-driven sale.
• Turn-key finish
Buyers walked in with nothing to do. That removes friction immediately.
• Outdoor living
Pool, 40m² timber deck, polished entertaining area. This is where the value sits.
• Street appeal
Upgraded driveway, clean frontage, strong first impression.
• Functional layout
Open-plan living with indoor-outdoor flow. That matters more than bedroom count.
• Extras
Solar, drive-through access, storage. Small details that stack value.
The house didn’t need potential.
It delivered the end result.
The Comparison That Matters
Look at what else has sold:
• 14 Caper Street – $650,000
• 34 Myrtle Close – $718,000
• 47 Kendall Street – $741,000
Now place 7 Red Gum Close next to those.
Same suburb.
Different category.
This sale sits above them because it removes compromise.
The Insight This Sale Gives You
Mount Sheridan has a ceiling shift happening.
But it’s selective.
You don’t get $800K+ because of:
• Bedrooms
• Land size
• Basic upgrades
You get it when you combine:
• Presentation
• Lifestyle features
• Zero work required
Buyers will stretch when everything is done.
What This Means for Buyers
At the top end of Mount Sheridan, you are choosing:
• A larger home with compromises
or
• A fully finished home with lifestyle appeal
7 Red Gum Close is the second option.
You are paying for time, convenience, and certainty.
What This Means for Sellers
If your property has:
• A pool
• Outdoor entertaining
• Strong presentation
• Modern upgrades
You are no longer in the standard market.
You are in a premium lifestyle segment.
But it has one rule.
It must feel complete.
If buyers see work, the price drops fast.
The Bigger Picture: Mount Sheridan Right Now
Mount Sheridan is clearly splitting into tiers:
• Entry level homes in the $600Ks
• Core family homes in the $650K–$750K range
• Premium lifestyle homes pushing $800K+
7 Red Gum Close sits firmly in that top tier.
That tier is smaller.
But it is growing.
Final Insight
This sale isn’t about size.
It’s about finish.
And right now in Mount Sheridan, buyers are paying strong money for homes that feel done the moment they walk in.
Thinking About Mount Sheridan?
I track every sale, every price movement, and how buyers are actually making decisions across the South Side.
If you want to understand where your property sits in this market, reach out.
Jeff Rufino
0411 530 910
This is an independent market analysis based on publicly available information and recent comparable sales.