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QLD › Red Hill › Thorn St

24 Thorn St, Red Hill QLD 4059

House

$1,550,000

Last sold

27 Sept 2023

5

Bedrooms

4

Bathrooms

2

Car spaces

429 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 $1,550,000 (27 Sept 2023).(Recorded sale)
  • FactLand 429 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Red Hill (last 5 years) with land size: median $4,251/m² of land (n=59). 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

$1,550,000

27 Sept 2023 · derived via latest_sale

Local land rate: recorded House sales in Red Hill (last 5 years) with land size have a median of $4,251/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.

See the full Red Hill report →

Vs Red Hill

-32.9%

Median sale

Suburb $2,310,000

+0.74 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$1,550,00027 Sept 2023
  2. Listedprice unknowncompleted30 Aug 2023
  3. Listedprice unknowncompleted30 Aug 2023

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 Thorn St →

Listing material

Listed by SPACE Property Paddington

Character filled home

Perched on a private road just 3.5km from the CBD, this family home showcases timeless character. It has been strategically designed with a flexible floor plan to accommodate self-contained dual living and multiple other opportunities.

Thoughtfully configured with modern updates and beautiful character details, the house displays a leadlight front door and casement windows, inviting abundant natural light and cooling breezes indoors.

Making the most of the Queensland climate and lush green surroundings, the collection of outdoor spaces is destined for entertaining. The upper-level flows freely to a large timber deck, creating a tranquil retreat overlooking the delightful gardens serviced by an automatic watering system. Extending the alfresco options, an undercover patio and sunlit patio below present additional rooms to host guests.

Read the full description

This property also has a great potential for Airbnb with multiple entrance points and complete self-contained living while also being surrounded by stunning low maintenance landscaping framing the elevated green outlook from each level of the property.

Providing flexibility for families with multiple generations or rental purposes, the clever design features lounge/dining spaces and kitchens on both floors. There are three bedrooms and two bathrooms upstairs, and downstairs has two additional bedrooms, two multipurpose rooms and two bathrooms.

In a peaceful position, buyers will love the lifestyle and access to amenities. Gramps Cafe, a local favourite is only a short stroll away, and you can enjoy shopping and dining nearby at Waterworks Road, Newmarket Village, Ashgrove Central and Paddington.

Beautiful parks, playgrounds and bike paths are a moment's walk away, and the Suncorp Stadium is 5 minutes from your door. The area is perfect for families and students. It is walking distance to QUT and is in the catchment area for one of the few partially selective schools in Brisbane; Kelvin Grove State College. There are many private school close by.

- Character home offering self-contained dual living

- Elevated deck, undercover patio and garden patio

- 2 living spaces, 2 kitchens and 2 laundry facilities

- 3 bedrooms and 2.5 bathrooms upstairs (master with ensuite)

- 2 bedrooms, 2 MPRs and 2 bathrooms below (1 room with ensuite)

- Carport, off-street parking, air-conditioning and ceiling fans

- Peaceful position on a private road only 3.5km from the CBD

- Close to Red Hill, Paddington, Ashgrove and Newmarket precincts

- Proximity to private schools, Kelvin Grove State College and QUT

To obtain further information or to arrange a private inspection, please contact Zac Tully on 0413 820 274.

Listing description written by Zac Tully, SPACE Property Paddington — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Deck
  • Dishwasher
  • Outdoor Entertaining
  • Rumpus Room
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.