23 Lower Clifton Terrace, Red Hill QLD 4059

Located in an established, leafy pocket of Red Hill just 2km from the Brisbane CBD, this 1920s Queenslander offers enduring character alongside tremendous investment potential. The property’s solid pre-war construction features distinctive period elements such as hardwood floors, VJ panelling, fretwork, and high ceilings that together create a charming and welcoming ambiance, ideal for those who appreciate craftsmanship and heritage.

The home’s versatile layout includes six generous bedrooms, split across two levels, three upstairs all with built-in closets, and three downstairs. Accompanied by two bathrooms and a laundry room on the ground floor, this arrangement suits a variety of living styles and could be adapted to meet evolving requirements, whether as a spacious family residence or income-generating accommodation.

Central living spaces provide a balance between comfort and functionality, with a separate living area that opens through French doors to a front balcony, allowing natural light and outdoor views to flow inside. The modernized kitchen combines style and practicality, featuring a recently updated gas stove and stainless-steel benchtops, catering well to everyday cooking needs and entertaining alike.

Outside, the elevated deck overlooks a gum-tree filled outlook, enhancing privacy and offering a tranquil setting perfect for relaxation or alfresco socialising. Complemented by a low-maintenance yard and undercover parking beneath the deck, the property demonstrates a thoughtful combination of indoor-outdoor living suitable for Queensland’s climate.

Investors will appreciate the current use of the home as individual rooming accommodation, yielding a robust gross annual return of $74,120, with leases valid until January 2027. This presents a rare turnkey opportunity in a highly connected location, with prospects to either continue generating rental income or customize the property for personal use or enhanced rental potential.

Proximity to essential amenities, arterial roads, public transport options, and significant educational institutions including QUT Kelvin Grove Campus and Kelvin Grove State College, enhances the appeal of this home. Furthermore, its location near Victoria Park and the future Olympic stadium precinct adds long-term value prospects.

This property is well suited to investors seeking a high-yield asset in a dynamic, inner-city area or buyers drawn to a character-filled Queenslander with scope to adapt and enhance to their lifestyle preferences.