Mitchelton at a glance
10,098
People
$1,382,500
Median sale
$672/wk
Median rent
2.53%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
QLD › Mitchelton › Princess St
$1,750,000
Last sold
11 Feb 2026
5
Bedrooms
2
Bathrooms
2
Car spaces
809 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,750,000
11 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Mitchelton (last 5 years) with land size have a median of $2,216/m² of land (n=103). Districts calculation from recorded sales — not a valuation.
Mitchelton at a glance
10,098
People
$1,382,500
Median sale
$672/wk
Median rent
2.53%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Vs Mitchelton
+26.6%
Median sale
Suburb $1,382,500
-0.53 pp
Gross yield
Suburb 2.53%
Suburb median $1,382,500 from 54 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $672/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Mitchelton at a glance
10,098
People
$1,382,500
Median sale
$672/wk
Median rent
2.53%
Suburb gross yield
Median sale from 54 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Denovans Real EstateHeld within the same family for two generations, 11 Princess Street represents a once in a lifetime offering in one of Mitchelton's most tightly held hilltop pockets. Set on 809 square metres with a commanding 20.1 metre frontage, this elevated position captures some of Brisbane's most breathtaking views, stretching unbroken across the city skyline and surrounds. It is a landholding of rare calibre, unmatched in outlook, potential and future promise.
The opportunities here are extraordinary. Call your architect and begin shaping a one-of-a-kind masterpiece that takes full advantage of the site's width and natural elevation. The frontage allows for an impressive architectural statement, while the backdrop of sweeping, panoramic views provides the perfect canvas to design a home unlike anything else in Brisbane. With a highly desirable north-facing rear, the orientation invites clever design that incorporates light, warmth and year-round liveability, all while framing those remarkable vistas from the key living zones.
Alternatively, subject to council approval, the site presents the prospect of creating two executive residences in a location where surrounding resale values are exceptionally strong. Premium homes in nearby Constancia Street, Gimba Street and Cranbrook Street highlight the depth of demand for high-end living in this ridge-top pocket, reinforcing the long-term value that a dual-residence project could achieve.
The existing five bedroom, two bathroom home also opens the door to an exceptionally savvy investment strategy. With the ability to rent the property after some 'TLC', buyers can secure a foothold in one of Mitchelton's most valuable ridge-top positions while allowing the land to appreciate over time. It offers the rare chance to buy and hold a premium site with enormous future potential, preserving the opportunity to redevelop, subdivide or create a luxury residence when the moment is right. The views from the current structure are already remarkable and only hint at what could be achieved with an elevated or newly designed home in the years ahead.
Opportunities of this scale and scope are seldom offered. 11 Princess Street stands as one of the most remarkable positions in Brisbane, offering the chance to create something truly exceptional in a location that rarely presents itself to the open market.
Location:
• 450m to Mitch and Antler Café
• 800m to Blackwood Street Restaurant and Café Precinct
• 800m to Sid Loder Park
• 850m to Our Lady of Dolours Catholic Primary School
• 950m to Fenwick Park
• 950m to Mitchelton State School
• 1.1km to Mitchelton Train Station
• 1.2km to Mitchelton State High School
• 1.3km to Mt Maria College
• 1.4km to Brookside Shopping Centre
• 2km to Teralba Park
• 7.7km to Brisbane CBD
Phone Haydn Denovan for more information.
Listing description written by Haydn Denovan, Denovans Real Estate — reproduced as published, not verified by Districts.