Cannon Hill at a glance
7,495
People
$1,800,000
Median sale
$756/wk
Median rent
2.18%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
QLD › Cannon Hill › Erica St
$1,600,000
Last sold
19 Aug 2025
3
Bedrooms
1
Bathrooms
2
Car spaces
701 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
$1,600,000
19 Aug 2025 · derived via latest_sale
Local land rate: recorded House sales in Cannon Hill (last 5 years) with land size have a median of $3,105/m² of land (n=47). Districts calculation from recorded sales — not a valuation.
Cannon Hill at a glance
7,495
People
$1,800,000
Median sale
$756/wk
Median rent
2.18%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Cannon Hill
-11.1%
Median sale
Suburb $1,800,000
+0.28 pp
Gross yield
Suburb 2.18%
Suburb median $1,800,000 from 14 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Brisbane City Plan 2014
Zone
Low density residential
LDR
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 density residential · LDR (Brisbane City Plan 2014). Official parcel area about 689 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 $756/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 density residential · LDR (Brisbane City Plan 2014). Official parcel area about 689 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 689 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
Cannon Hill at a glance
7,495
People
$1,800,000
Median sale
$756/wk
Median rent
2.18%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Place BulimbaSet on a generous 701m² corner block with dual frontage to Erica and Favril Streets, this freshly updated home offers broad appeal for homeowners, investors, and developers alike. With flexible living, a sizeable block, and potential for future development (STCA), this is an opportunity you don't want to miss.
Option 1 – Rent Out or Landbank:
Recently refreshed throughout, the home is move-in ready or ideal as a low-maintenance investment.
• Two bedrooms plus a versatile third room (study, nursery, or guest room)
• Spacious air-conditioned living area
• Eat-in kitchen with brand-new stove
• New carpet, paint, blinds, ceiling fans, and two air conditioners
• Second toilet, separate laundry, water tank
• Fully fenced flat yard
• Single carport with additional off-street parking
Option 2 – Future Development Potential (STCA):
On its own, this wide, corner-positioned 701m² allotment offers excellent potential for redevelopment — whether that's building a new home or exploring a dual occupancy outcome (subject to council approval). For buyers with a bigger vision, the neighbouring property at 382 Richmond Road (also 701m2) is also available. Together, they unlock a rare 1,402m² corner site with three-street frontage — ideal for a three-lot subdivision or boutique townhouse project (STCA).
Option 3 – Knock Down and Build Two New Homes (STCA):
A level site in this location is perfect for constructing two contemporary homes — ideal for resale, investment, or multigenerational living (subject to council approval).
Enjoy walkable access to Cannon Hill Plaza, bus and train stations, popular cafes, and quality schools. Families will love being directly across the road from Seven Hills Bushland Reserve, offering nature-filled walking trails and a tranquil weekend escape. Also close to Westfield Carindale, Camp Hill Marketplace, Minnippi Golf Course, Martha Street dining precinct, and Bulimba's Oxford Street.
Situated just 9.8km from Brisbane CBD, this location offers convenience and lifestyle in equal measure. You're just a short walk to Seven Hills Bushland Reserve, perfect for bushwalks and outdoor family time. Also nearby: Cannon Hill Plaza, local cafes, Cannon Hill and Morningside train stations, Westfield Carindale, Camp Hill Marketplace, Minnippi Golf Course, Martha Street dining, and the vibrant Oxford Street precinct in Bulimba.
Falling within the Cannon Hill State School and Balmoral State High School catchment areas, this fantastic property is also a short distance from Saint Oliver Plunkett Primary School, Cannon Hill Anglican College and Lourdes Hill College. Do not miss this exciting opportunity call to arrange an inspection today.
Disclaimer
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer:
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Listing description written by Kasey Drake, Place Bulimba — reproduced as published, not verified by Districts.