Kelvin Grove at a glance
9,724
People
$1,520,000
Median sale
$641/wk
Median rent
2.19%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
QLD › Kelvin Grove › Herston Rd
$1,731,000
Last sold
5 Dec 2024
5
Bedrooms
3
Bathrooms
4
Car spaces
880 m²
Land
247 m²
Building
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
$1,731,000
5 Dec 2024 · derived via latest_sale
Local land rate: recorded House sales in Kelvin Grove (last 5 years) with land size have a median of $3,605/m² of land (n=53). Districts calculation from recorded sales — not a valuation.
Kelvin Grove at a glance
9,724
People
$1,520,000
Median sale
$641/wk
Median rent
2.19%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Vs Kelvin Grove
+13.9%
Median sale
Suburb $1,520,000
-0.26 pp
Gross yield
Suburb 2.19%
Suburb median $1,520,000 from 13 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 $641/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
Kelvin Grove at a glance
9,724
People
$1,520,000
Median sale
$641/wk
Median rent
2.19%
Suburb gross yield
Median sale from 13 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White WilstonDiscover 123 Herston Road, an expansive character estate set on an elevated 880m² double block with sweeping views over the surrounding suburbs. This property offers flexible living options for multi-generational families, rental income, or the opportunity to restore the home into a single grand residence all in one prime location.
The owners have been clear, this home will be sold at auction on the 5th of December at 6pm with all serious offers being considered prior.
With a potential rental income of approximately $1700 per week this home presents strong investment potential. Alternatively, future owners may choose to restore the property to a single residence, blending historic charm with modern convenience. Another option is to move into the main residence upstairs and rent out the two units to help offset the mortgage. The options are endless!
The property is configured with a 3-bedroom main residence upstairs and two self-contained 1-bedroom flats currently presenting a fantastic investment opportunity.
Unit one;
-Charming front verandah that captures sweeping views over the suburbs, setting the tone for the home's beautiful character.
-Three well sized bedrooms
-Open plan living and dining room with air con
-Modern kitchen with ample storage, stainless steel appliances and dishwasher
-Well presented bathroom with bath/shower combination
-Polished timber floorboards throughout
-Three metre ceilings and VJ walls throughout
-Covered entertaining patio overlooking low maintenance back garden
-Current rental appraisal $750-$800 per week
Unit Two and Three;
-Well-presented flats, currently tenanted and generating $760 per week.
-Each flat features a large open-plan living area and bedroom.
-Includes a well-equipped kitchen and a neat, tidy bathroom.
-Current rental appraisal for each unit $400-$450 per week
A four car garage provides secure, spacious parking - an uncommon convenience in an inner-city location.
123 Herston Road is uniquely positioned to benefit from Brisbane's urban transformation, with notable projects nearby;
Victoria Park Redevelopment:
Brisbane's largest inner-city greenspace will be right at your doorstep, providing extensive parklands, recreational areas, and event spaces.
Proximity to Brisbane Metro, Busway, and Roma Street Entertainment Precinct: Easy access to the newly opened Brisbane Metro and the vibrant Brisbane Live entertainment hub brings top-tier entertainment and convenience close to home.
Ballymore Stadium:
Just a short stroll away, Ballymore has been transformed into an elite sports training centre with revitalised gardens, a community café, and a new grandstand for watching rugby and sports events.
This prime Kelvin Grove location offers easy access to renowned schools, healthcare facilities, and Brisbane's cultural and entertainment hubs, making 123 Herston Road an exceptional opportunity for those seeking flexibility, history, and lifestyle in one remarkable estate.
Situated within walking distance to the Queensland Ballet Academy, Kelvin Grove Urban Village with its vibrant weekly farmers markets, Kelvin Grove State College, and QUT Kelvin Grove, this property combines convenience with character in a highly desirable area.
Listing description written by Jessie Hall, Ray White Wilston — reproduced as published, not verified by Districts.