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 › Narela St
$1,380,000
Last sold
27 July 2026
3
Bedrooms
1
Bathrooms
4
Car spaces
506 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
$1,380,000
27 July 2026 · 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
-23.3%
Median sale
Suburb $1,800,000
+0.67 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 520 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 520 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?
KnownmediumNo 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 McGrath BulimbaLocated on a large 506m² premium block with an expansive 16.6m frontage and dual street access, 23 Narela Street, Cannon Hill, offers immense potential in a highly sought-after area.Features a move-in ready 3 bedroom home, presenting opportunities to add your personal touch or knock down and rebuild, with the wide frontage and dual street access, the possibilities are endless.
The upper level provides the heart of the home with an open-plan living and dining area that flows seamlessly to the spacious kitchen. Three well-appointed bedrooms have been cleverly planned with convenience and comfort in mind. Each bedroom is complimented with built-in robes, are centrally located near the main bathroom.
The ground floor showcases a large multipurpose rooms, and a designated study/home office, making it the perfect place for a teenage retreat, extended family or simply a second living area.
Enjoy the benefits of a low-maintenance garden and spacious grassy yard, perfect for a weekend BBQ or just kicking a ball around with the little ones.
Features at a glance
3 Bedrooms
1 Bathroom
Air-conditioning throughout
Open plan living and dinning
Multi-purpose room
Solar Panels
Landscaped Garden
Dual street access
Double lock up garage
Double carport
Walking distance to Cannon Hill and Morningside Train Station
Walking distance to Cannon Hill Plaza and Morningside Plaza
Walking distance to Cannon Hill Anglican College and St. Oliver Plunkett Primary School
Cannon Hill State School Catchment
Balmoral State High School Catchment
7.3km to Brisbane CBD (approx.)
506m2 block (approx.)
Conveniently located within walking distance to public transport, shopping centres like Cannon Hill Plaza and Morningside Plaza, and popular schools such as Cannon Hill Anglican College and St. Oliver Plunkett Primary School, this property also provides easy access to the Gateway Motorway. It serves as the perfect canvas for realising your vision.
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 Steve Song, McGrath Bulimba — reproduced as published, not verified by Districts.