North Ipswich at a glance
4,824
People
$785,000
Median sale
$524/wk
Median rent
3.47%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
QLD › North Ipswich › Musgrave St
$1,000,000
Last sold
20 Feb 2026
5
Bedrooms
3
Bathrooms
3
Car spaces
1,012 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
$1,000,000
20 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in North Ipswich (last 5 years) with land size have a median of $976/m² of land (n=176). Districts calculation from recorded sales — not a valuation.
North Ipswich at a glance
4,824
People
$785,000
Median sale
$524/wk
Median rent
3.47%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
Vs North Ipswich
+27.4%
Median sale
Suburb $785,000
-0.75 pp
Gross yield
Suburb 3.47%
Suburb median $785,000 from 71 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data unavailable for this jurisdiction (no_adapter: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
QLDZoning is not available (no_adapter). 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 (no_adapter). 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 $524/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
UnknownZoning is not available (no_adapter).
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 (no_adapter). 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
North Ipswich at a glance
4,824
People
$785,000
Median sale
$524/wk
Median rent
3.47%
Suburb gross yield
Median sale from 71 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Jason McNamara PropertySet along one of North Ipswich’s most historic streets, 21 Musgrave Street is a residence of genuine provenance, previously known as “Seestu” (circa 1880).
The home has been described in earlier records as having had only a small number of owners since the 1880s, a rarity that speaks to both its significance and the care with which it has been held. Homes of this era, scale and continuity are seldom offered and even more rarely retain the architectural integrity evident here.
Inside, the craftsmanship of the late nineteenth century is immediately apparent. Wide hoop pine floorboards, soaring VJ-lined walls, pressed metal ceilings, cedar architraves, original joinery and period door hardware all remain, complemented by fireplaces and double-hung sash windows that anchor the home firmly in its time.
The home offers a highly functional layout for modern living, featuring 5 bedrooms, three bathrooms, including two ensuited bedrooms, allowing heritage charm to coexist comfortably with contemporary expectations.
Externally, the classic Queenslander form is intact, defined by a pitched iron roof, bullnose verandahs and traditional chamferboard construction, all set on a substantial 1,011m² allotment, reflective of the generous land holdings typical of the era. A two-car shed provides practical storage and garaging, while a large outdoor entertaining area creates an ideal space for gatherings, celebrations and relaxed Queensland living.
From its elevated position, the home enjoys sweeping views back toward the Ipswich CBD, with expansive outlooks stretching south to the mountain ranges and towards Flinders Peak, reinforcing the sense of place and connection to the surrounding landscape.
“Seestu” is also woven into Ipswich’s social and architectural record. The property is connected to the Deans family, whose papers, diaries and photographs are held in the State Library of Queensland, and the home has appeared in period publications, including a 1930s magazine reference, underscoring its place in the city’s historical fabric.
In the 1990s, the home was recognised as part of Ipswich’s heritage landscape, being entered in the Ipswich Design & Heritage Awards, further acknowledging its architectural and cultural significance.
Positioned within walking distance to local schools and just five minutes from the Ipswich CBD, the location combines everyday convenience with the quiet prestige of a tightly held historic enclave.
More than a residence, 21 Musgrave Street is an opportunity to become the next custodian of a landmark North Ipswich home, rich in history, craftsmanship, outlook and enduring presence.
Listing description written by Jason McNamara, Jason McNamara Property — reproduced as published, not verified by Districts.
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