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QLD › Red Hill › Praed St

24 Praed St, Red Hill QLD 4059

House

$1,920,000

Last sold

11 Jan 2021

5

Bedrooms

3

Bathrooms

3

Car spaces

1,366 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

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

Why this property?

  • FactLast recorded sale $1,920,000 (11 Jan 2021).(Recorded sale)
  • FactLand 1,366 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Red Hill (last 5 years) with land size: median $4,231/m² of land (n=60). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No 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

$1,920,000

11 Jan 2021 · derived via latest_sale

Local land rate: recorded House sales in Red Hill (last 5 years) with land size have a median of $4,231/m² of land (n=60). 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.

See the full Red Hill report →

Vs Red Hill

-16.9%

Median sale

Suburb $2,310,000

+0.31 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 and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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$1,920,00011 Jan 2021
  2. Listedprice unknowncompleted20 Nov 2020

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?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

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.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • 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?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). 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

    Development applications have not been queried 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

Red Hill in one glance

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.

See the full Red Hill report →

Keep researching

  • Why Red Hill? Read the area thesis →
  • What else is on the market in Red Hill →
  • Other records on Praed St →

Listing material

Listed by RE/MAX Profile Real Estate

The Ultimate Inner City Sanctuary with creek view on 1366 sqm!

Looking to make lifelong memories for your family? The kind that involve gracious living, splashing in the pool in summer time, and overlooking seemingly infinite green to ramble, garden and explore the wild creek in your back yard (a river view without the price tag!) - while only being a walk into the CBD? Built over two levels, with huge entertainment decks at the rear to enjoy the views of greenery and the creek, your fabulous home offers the almost impossible these days: an acreage lifestyle with a rural feel alongside immediate city conveniences. You will be amazed to discover such a block in this central location! At a rare 1366 sqm with a stylish salt water in ground pool, room to kick a ball, a private treed garden and your own creek access and view - you and the kids will love it. Whether they're kayaking the creek, frolicking in the pool or kicking a ball, you can pull up the nearest Bali bed to relax and enjoy the green-scented breezes from one of your full-length covered decks. The biggest rooms in the house, you'll find yourself practically living on the decks - from coffees in the morning to long lunches with friends, happy hour with wine and cheese to wind down the day, then entertaining guests at night... you can enjoy them being a huge part of your lifestyle.

And if you can be roused to leave the sanctuary of your own electric gated property, abundant parkland abounds nearby, perfect for the avid walker. Thoughtfully designed for entertaining, while keeping separation in mind for children and maximising an indoors / outdoors Queensland lifestyle, your house warming party will be the first of many in this home. Easily cater from your contemporary gourmet kitchen with its Caesar stone benches and open plan design leading to the living area and upstairs deck for larger gatherings, and pop into your personal cellar for over 1200 bottles to keep the wine flowing.

With polished timber floors throughout, upstairs offers you three carpeted bedrooms, including the master with ensuite and study nooks, while downstairs is perfect for those wanting separation. With its two bedroom self-contained living area, own kitchenette including a dishwasher, and a deck with a side entrance - downstairs has potential to be the glorious teenage retreat, granny flat or home office of your choosing! This home will be snapped up - make sure it's you who gets in first, by calling Grant or Christina Penrose today!

Read the full description

Why This is a Home Like No Other!

• Glorious treed view overlooking creek on 1366 sqm just over 3 kilometres to the CBD!

• Elevated, private two-storey home with massive decks at the rear on both levels

• 5 bedrooms all with built in robes and master with walk-in and ensuite. There are also study nooks

• Built for easy separation of living spaces - upstairs 3 bedrooms with kitchen and open-plan living

• Downstairs self-contained with kitchenette, living, and two bedrooms and can even be locked for dual living

• In ground salt water pool

• 3 car garage plus another bay for storage with cupboards and massive workbench

• Automatic gates, inground safe and so much more!

• Your choice of premium schools all close by and many a walk/bike ride away (Marist College, Brisbane Grammar Schools, Mount Saint Michaels, Gregory Terrace to name a few)

• Long view up Enoggera Creek at the rear of the block where it meets Ithaca creek

• Acreage lifestyle feel on expansive 1366 sqm with mature fruit trees of a dozen varieties

• Walk, bike ride or catch easy public transport to the CBD

• Close to Kelvin Grove State College and Queensland University of Technology

• Building and pest inspections are available

*** Please email us with your full name and phone number to save time checking in at the open home and to be notified of any changes. ***

*** As the property is being sold without a price, a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.***

"RE/MAX Profile Real Estate has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct 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 Grant Penrose, RE/MAX Profile Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Deck
  • Dishwasher
  • Ensuites: 1
  • Outdoor Entertaining
  • In-Ground Pool
  • Remote Garage
  • Rumpus Room
  • Secure Parking
  • Toilets: 3
  • Water Tank
  • Workshop
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.