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.
QLD › Red Hill › Musgrave Rd
4
Bedrooms
2
Bathrooms
1
Car spaces
1,302 m²
Land
Districts View
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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Red Hill (last 5 years) with land size have a median of $4,231/m² of land (n=60). Districts calculation from recorded sales — not a valuation.
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.
Planning
Planning scheme
Brisbane City Plan 2014
Zone
Low-medium density residential (2 or 3 storey mix)
LMR
Jurisdiction
Brisbane City Council
Brisbane, QLD
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
QLDZoned Low-medium density residential (2 or 3 storey mix) · LMR (Brisbane City Plan 2014). Official parcel area about 634 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. 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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low-medium density residential (2 or 3 storey mix) · LMR (Brisbane City Plan 2014). Official parcel area about 634 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 634 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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 Ray White Paddington (Qld)Situated in the heart of Red Hill, spanning 1217m2 this elevated double block features dual frontage and a character pre-war dwelling that has been split into two flats. Occupying a 610m2 allotment with frontage on Musgrave Road, the existing dwelling provides demonstrated income potential to return on two separate tenancies.
The current layout presents two mirrored flats that include a separate living area, an eat-in kitchen and adjacent sun room at the rear of the property, two good-sized bedrooms. A cash injection would be required to meet housing standards.
Zoned LMR, there is also huge potential to explore development opportunities to enhance the original character of the building and increase occupancy and earning potential across both lots (subject to council approvals).
The 607m2 allotment fronting Cambridge Street is unimproved, providing excellent potential to draft designs for an expansive architect designed home in the ideal position showcasing city views and benefiting from access to desirable local amenities within a reputable school catchment.
This rare opportunity to secure two adjacent allotments zoned LMR in the city fringe locale of Red Hill, presents excellent scope for buyers to explore development options.
Located just 3 kilometres from the CBD and a 4 minute drive to the Kelvin Grove Urban Village, QUT campus and Royal Brisbane & Women's Hospital. The busway is located directly outside and is a convenient transport option. Botanica and Le Coin Bistro are popular with the locals. Other local highlights include the iconic Red Hill Cinema and Woolcock Park. Within the school catchments for Petrie Terrace State School & Kelvin Grove State College. Popular choices for private schools include Brisbane Grammar, Girl's Grammar and St Joseph's College (Terrace).
Inspect by appointment or contact George Hadgelias 0403 062 062 Max Hadgelias 0411 276 372 for further information about submitting your expression of interest.
**Any reference to development is general in nature and is subject to relevant council approvals. It is the responsibility of prospective buyers to make their own enquiries and seek professional advice prior to engaging in any negotiations. **
Listing description written by Max Hadgelias, Ray White Paddington (Qld) — reproduced as published, not verified by Districts.