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.
$2,500,000
Last sold
17 Nov 2022
4
Bedrooms
2
Bathrooms
3
Car spaces
421 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
$2,500,000
17 Nov 2022 · derived via latest_sale
Local land rate: recorded House sales in Red Hill (last 5 years) with land size have a median of $4,212/m² of land (n=59). 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.
Vs Red Hill
+8.2%
Median sale
Suburb $2,310,000
-0.11 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 SPACE Property Paddington16 Grove Street is a contemporary crafted home that captures the essence of Brisbane Family living and is situated in a coveted Red Hill/Paddington border enclave.
Once past the striking façade and through the main entrance, the intention to inspire becomes real and relevant. Inside you will discover a well-thought-out floor plan combined with high-quality appointments that deliver on point. Industrial applications of concrete flooring, raw concrete and stainless steel bench tops, timber joinery, and black fittings create warm aesthetics, texture, and depth. Enjoy the seamless flow between formal & informal, indoor & outdoor living spaces, the sense of freedom generated from soaring ceilings, and the abundance of glass allowing natural light to filter through.
The entertainer's kitchen features concrete benchtops, Miele appliances – 2 x semi-integrated dishwashers combi steam oven, and oven plus induction cooktop. The walk-through butler's pantry includes a sink with a zip tap (boiling/cold filtered water). The kitchen interacts beautifully with the extensive alfresco entertaining area, overlooking the gloriously green, private, playable yard. The conveniently positioned and sized pool is solar heated, offering all-year-round use. The family sleeping quarters comprising 3 bedrooms and the luxurious bathroom, powder room, and laundry are located conveniently on the main level.
Downstairs you can drive into the 3 car side by side garage and access the tiled, multiple-purpose room, which can be used as a media room, home office, gym, or separate living. Whilst the generously proportioned master bedroom is on the highest level. It enjoys separation, boasts a substantial en-suite and robe, and is adjacent to the parents' retreat or additional living area. A feature of this level is the timber parquetry herringbone and stunning outlook. It is the perfect break-away and relaxed space for busy parents to unwind.
Positioned close to Ithaca State School and Paddington's much-loved shopping and dining precinct, this is a magnificent home.
- Carefully constructed, beautifully styled, luxury living
- Separation of living perfected
- Seamless flow inside to outside
- Delightfully private 421m2 yard
- 3 car remote control garage + storage + off street parking
- 3 x bedrooms, all with built-ins
- Master suite with WIR and en-suite (double vanity + stone bath + double shower)
- Main bathroom (triple vanity)
- Ducted zoned reverse cycle air conditioning (5 x zones)
- Separate aircon unit in upstairs office/study
- Ceiling fans throughout
- 5KW solar system
- Drying deck and clothesline
- Ducted vacuum (hose in a wall in laundry + WIR - comes with stick wand)
- Outdoor BBQ with integrated cabinetry and rangehood
- Super close to renowned schools and famed dining, entertaining, and shopping options
DISCLAIMER: This property is being sold 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 only.
Listing description written by Nicole Devine, SPACE Property Paddington — reproduced as published, not verified by Districts.