Red Hill at a glance
6,603
People
$2,310,000
Median sale
$667/wk
Median rent
1.50%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
$1,800,000
Last sold
3 Nov 2023
8
Bedrooms
4
Bathrooms
4
Car spaces
670 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
$1,800,000
3 Nov 2023 · derived via latest_sale
Red Hill at a glance
6,603
People
$2,310,000
Median sale
$667/wk
Median rent
1.50%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Vs Red Hill
-22.1%
Median sale
Suburb $2,310,000
+0.43 pp
Gross yield
Suburb 1.50%
Suburb median $2,310,000 from 22 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 $667/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
Red Hill at a glance
6,603
People
$2,310,000
Median sale
$667/wk
Median rent
1.50%
Suburb gross yield
Median sale from 22 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Torres PropertyComprising of 4x 2 bed, 1 bath, 1 car units, this apartment complex presents a superb opportunity in a sought-after precinct just 3.5km to the CBD.
Ideal for investors or your superannuation, this high-income-producing asset boasts no Body Corporate and a prime position with buses, cafes and restaurants within walking distance.
The solid building features quality brick construction with staircase access. Each apartment includes a combined living/dining area with a kitchen, 2 bedrooms with built-in robes, a central bathroom/laundry, and undercover parking for 1 car.
With all 4 units currently rented, you can start seeing immediate returns on your investment. For buyers wishing to capitalise further, there is potential to renovate the complex and generate higher rental income or redevelop the site (STCA).
Unit 1 current rent $325 p/w potential rent $450 to $460 p/w
Unit 2 current rent $325 p/w potential rent $450 to $460 p/w
Unit 3 current rent $325 p/w potential rent $450 to $460 p/w
Unit 4 current rent $295 p/w potential rent $450 to $460 p/w
Current annual rental income $66,040
Potential annual rental income $95,680
Council Rates - $1,591.10 p/qtr
Water Rates - $1,096.52 p/qtr
Perched in a quiet, leafy street, the units offer serene inner-city living just a stone's throw from amenities. Only 250m to Arthur Terrace Coffee Shop and 700m from Musgrave Road, featuring popular cafes, restaurants, Red Hill Cinema, medical centre, pharmacy and post office. The famed Paddington precinct is 1km away, boasting a wider array of supermarkets, shopping and dining hot spots.
Bus stops are 130m from the complex, and residents can walk to local parks, Broncos Leagues Club, Avenues Early Learning and Ithaca Creek State School. Just 3.5km to the CBD, 1.7km to QUT Kelvin Grove, 2.2km to Suncorp Stadium and close to renowned private schools everything is close at hand.
Listing description written by Will Torres, Torres Property — reproduced as published, not verified by Districts.