Railway Estate at a glance
3,034
People
$650,000
Median sale
$502/wk
Median rent
4.02%
Suburb gross yield
Median sale from 52 recorded sales (last 12 months) — a Districts calculation.
QLD › Railway Estate › Perkins Street West
$742,000
Last sold
11 Feb 2026
8
Bedrooms
4
Bathrooms
4
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
$742,000
11 Feb 2026 · derived via latest_sale
Railway Estate at a glance
3,034
People
$650,000
Median sale
$502/wk
Median rent
4.02%
Suburb gross yield
Median sale from 52 recorded sales (last 12 months) — a Districts calculation.
Vs Railway Estate
+14.2%
Median sale
Suburb $650,000
-0.50 pp
Gross yield
Suburb 4.02%
Suburb median $650,000 from 52 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 $502/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
Railway Estate at a glance
3,034
People
$650,000
Median sale
$502/wk
Median rent
4.02%
Suburb gross yield
Median sale from 52 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ideal Property CoOpportunities like this don't come around often - and when they do, they don't sit for long.
Set on an 809sqm allotment in tightly held Railway Estate, this solid block of four self-contained units delivers exactly what investors want: a premium location, consistency, and strong rental demand - with no body corporate fees. This fully tenanted block is offered with a Building & Pest Inspection Report available upfront, allowing buyers to assess the scope of works, plan improvements, and move forward with clarity and confidence.
Each unit comprises two bedrooms, one bathroom with internal laundry, functional kitchens, and open-plan living. The ground-level units offer easy access and practical layouts, while the upper units enjoy an additional front living area and balcony off the lounge.
The Building & Pest report outlines areas requiring attention, presenting a clear value-add opportunity. With all units currently tenanted, improvements can be staged over time, allowing buyers to enhance durability, improve rental performance, and create long-term capital growth - without sacrificing holding income.
Additional features include dual driveway access, rear carports, established gardens, outdoor sitting areas, and no body corporate fees - keeping ownership simple and costs controlled.
Investment Snapshot
Strong weekly rental return ($1305 per week)
Approx. $67,860 gross annual income
Rates approx. $8,172.00 per half year
Current leases in place across all units
Lease Endings: Unit 1 - May 2026, Unit 2 - July 2026, Unit 3 - March 2027, Unit 4 - May 2026.
This is a low-maintenance, high-demand asset in a suburb where vacancy is rarely an issue. Located minutes from the CBD, Palmer Street dining precinct, Flinders Street entertainment, The Strand, Idalia shopping, and major arterial roads, this is a location that consistently performs, regardless of market conditions.
Building & Pest Inspection Report available.
Income in place.
Clear pathway to upside.
This is an opportunity for investors who understand that value isn't always about what's finished - but what can be done next, in the right location.
Listing description written by Natalia Moore, Ideal Property Co — reproduced as published, not verified by Districts.
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