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Overview
This unique property on Brisbane's inner-city fringe presents a rare opportunity combining residential living with attractive rental income potential, ideally suited to first home buyers, investors, or those seeking flexible multi-unit accommodation.
Set on a generous 362 square metre block, the property features three distinct flats, providing multiple income streams as well as options for owner occupancy or full leasing. The combined rental return of the two existing upstairs flats currently stands at $820 per week, with potential to significantly enhance returns by leasing the vacant downstairs flat, which also boasts its own private enclosed backyard.
Living spaces extend over approximately 130 square metres, encompassing four bedrooms and three bathrooms, which balance comfortable living with the subdivision into separate units. Three off-street parking spaces accommodate residents and tenants alike, enhancing convenience in this desirable locale.
The property's location places it within easy reach of Brisbane's CBD, educational hubs such as the University of Queensland’s St Lucia campus, and upcoming precincts including the Brisbane Stadium at Victoria Park. This proximity amplifies its appeal for residents seeking lifestyle and accessibility, while investors can appreciate the area's growth prospects.
Additional unique features include two mature avocado trees, offering natural beauty and a touch of horticultural interest. Overall, this versatile property embodies the benefits of flexible living environments coupled with strong rental yields, providing opportunities for financial growth and comfortable lifestyle choices.
Local Market Insights
In Red Hill, Quiet Listings observed 10 new houses entering the market over the last 30 days, up from 9 during the previous 30-day period, with an average advertised asking price of $1,940,000. The property type mix of listed properties is predominantly Houses at 50%, followed by units (15%), and apartments (15%). The most active agency for houses in the Red Hill area is currently Ray White, representing 40% of new listings, followed by Place with 30%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Market Insights for Red Hill QLD 4059
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