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QLD › Ashgrove › Waterworks Rd

190 Waterworks Rd, Ashgrove QLD 4060

House

$1,554,100

Last sold

21 Apr 2026

4

Bedrooms

3

Bathrooms

2

Car spaces

556 m²

Land

308 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

What should you know about this lot before spending serious money?

Why this property?

  • FactLast recorded sale $1,554,100 (21 Apr 2026).(Recorded sale)
  • CalculationRecorded House sales in Ashgrove (last 5 years) with land size: median $3,161/m² of land (n=87). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

  • FactZoned Low-medium density residential (2 or 3 storey mix) (LMR) under the Brisbane City Plan 2014.(Brisbane City Council · 31 Aug 2026)

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

What this lot has actually traded at

Last sold

$1,554,100

21 Apr 2026 · derived via latest_sale

Local land rate: recorded House sales in Ashgrove (last 5 years) with land size have a median of $3,161/m² of land (n=87). Districts calculation from recorded sales — not a valuation.

Ashgrove at a glance

14,646

People

$2,152,500

Median sale

$719/wk

Median rent

1.74%

Suburb gross yield

Median sale from 44 recorded sales (last 12 months) — a Districts calculation.

See the full Ashgrove report →

Vs Ashgrove

-27.8%

Median sale

Suburb $2,152,500

+0.67 pp

Gross yield

Suburb 1.74%

Suburb median $2,152,500 from 44 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Planning

Planning and development

Planning scheme

Brisbane City Plan 2014

Zone

Low-medium density residential (2 or 3 storey mix)

LMR

Jurisdiction

Brisbane City Council

Brisbane, QLD

Planning overlays

  • Data unavailable

Development activity

Data unavailable

Source

  • Provider: Brisbane City Council
  • Dataset: City Plan 2014 Zoning
  • Retrieved: 31 Aug 2026
  • Version: 2014
  • Parcel: 10RP42452

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

  1. Sold$1,554,10021 Apr 2026
  2. Listedprice unknowncompleted13 Apr 2026
  3. Listedprice unknowncompleted13 Apr 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Confidence: medium

Zoned Low-medium density residential (2 or 3 storey mix) · LMR (Brisbane City Plan 2014). Official parcel area about 559 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $719/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Knownmedium

    Zoned Low-medium density residential (2 or 3 storey mix) · LMR (Brisbane City Plan 2014). Official parcel area about 559 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

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Knownmedium

    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

    Unknown

    Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    No DA adapter returned applications for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Ashgrove in one glance

Ashgrove at a glance

14,646

People

$2,152,500

Median sale

$719/wk

Median rent

1.74%

Suburb gross yield

Median sale from 44 recorded sales (last 12 months) — a Districts calculation.

See the full Ashgrove report →

Keep researching

  • Why Ashgrove? Read the area thesis →
  • What else is on the market in Ashgrove →
  • Other records on Waterworks Rd →

Listing material

Listed by Arthur Conias Real Estate Ashgrove

Charming Elevated Character Home with City Glimpses

* Elevated 556sqm parcel capturing leafy outlooks and city glimpses

* Beautifully maintained character home with timeless period features

* Adaptable family-friendly layout with dual living potential

Read the full description

* Seamless indoor-outdoor living flowing to entertainer's deck

* Desirable Kelvin Grove College & Ithaca Creek State School catchments

* Inspections available by appointment - Call 24hrs

Occupying an elevated 556sqm parcel capturing leafy outlooks and glimpses toward the city skyline, this beautifully maintained character residence offers a rare blend of warmth, flexibility and lifestyle appeal in a highly convenient Ashgrove setting.

Beyond its inviting frontage, the home opens to a welcoming entry space which could be adapted as a mudroom, reading nook or additional study area. From here, the upper level unfolds to reveal three well-proportioned bedrooms, including a serene master retreat complete with bay window seat, walk-through robe and private ensuite. A spacious second bedroom is enhanced by an adjoining sunroom - a versatile space ideal as a study, playroom or reading nook - while the third bedroom enjoys elevated leafy outlooks. A central bathroom with shower-over spa bath, and a small balcony further services this level.

The well-appointed kitchen features stainless steel appliances, induction cooking and a breakfast bar, flowing to the entertainer's deck, with a convenient servery window enhancing indoor-outdoor entertaining and everyday living.

Downstairs extends the home's excellent versatility, featuring an additional bedroom alongside a combined laundry and bathroom configuration with separate entry - ideal for those working from home, accommodating guests, or families seeking gentle separation from the main living quarters.

Comfort is assured year-round with split system air-conditioning (supported by a 6kw solar system), ceiling fans, and excellent cross ventilation. Beautiful period features including polished timber floors, high ceilings, ornate ceiling roses and picture rails add warmth and character throughout.

Outdoors, the rear deck provides a peaceful retreat where you can unwind to the sound of birdsong, overlooking a grassy backyard with established fruit trees including macadamia, olive, nectarine and lemon. Additional features include dual car accommodation, ample turning space, and extensive under-house storage and workshop space.

Positioned for exceptional convenience, the home is just 250m walk to local shopping and cafés at Ashgrove Marketplace and surrounds. A little further the streets of Paddington and the Red Hill Cinema await. Public transport options are also easily accessible nearby.

Enjoy a lifestyle rich in green space, stroll along the Ithaca Creek bikeway to sports fields, playgrounds and the local dog park, while being just 4km from the Brisbane CBD. Families will appreciate proximity to Goodstart Early Learning along with being within the highly desirable Kelvin Grove State College and Ithaca Creek State School catchments, with additional quality schools including St Finbarrs, Marist College and Mount St Michael's College nearby.

A home filled with warmth, character and future potential - offering an elevated Ashgrove lifestyle with exceptional everyday convenience.

* Important * Whilst every care is taken in the preparation of the information contained in this marketing, Arthur Conias Real Estate will not be held liable for any errors in typing or information. All information is considered correct at the time of publishing.

Listing description written by Jeff Pickering, Arthur Conias Real Estate Ashgrove — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Courtyard
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Floorboards
  • Fully Fenced
  • Outdoor Entertaining
  • Solar Panels
  • Study
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.