Wavell Heights at a glance
11,245
People
$1,570,000
Median sale
$656/wk
Median rent
2.17%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
QLD › Wavell Heights › Frankit St
$1,410,000
Last sold
23 Mar 2026
3
Bedrooms
1
Bathrooms
2
Car spaces
559 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
$1,410,000
23 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Wavell Heights (last 5 years) with land size have a median of $2,481/m² of land (n=141). Districts calculation from recorded sales — not a valuation.
Wavell Heights at a glance
11,245
People
$1,570,000
Median sale
$656/wk
Median rent
2.17%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
Vs Wavell Heights
-10.2%
Median sale
Suburb $1,570,000
+0.25 pp
Gross yield
Suburb 2.17%
Suburb median $1,570,000 from 75 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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
QLDPlanning 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.
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
No advertised rent is recorded. Suburb median rent $656/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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Wavell Heights at a glance
11,245
People
$1,570,000
Median sale
$656/wk
Median rent
2.17%
Suburb gross yield
Median sale from 75 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White AspleyWelcome to 3 Frankit Street, Wavell Heights - where comfort, space and long-term opportunity combine in one of Brisbane's most sought-after family-friendly pockets.
Positioned on a generous 559m2 allotment, this well-maintained dual-level residence presents a ready-made investment with quality tenants already in place. Offering a flexible floor-plan, light-filled interiors and strong rental appeal, this is a home designed for both immediate enjoyment and future capital growth.
Upstairs, spacious living and dining zones flow seamlessly to the expansive rear deck - the perfect setting for weekend entertaining or relaxed everyday living. The functional kitchen sits at the heart of the home, complete with ample bench space, generous storage and a practical layout that will appeal to both new-to-market investors and quality tenants alike.
Accommodation comprises three well-proportioned bedrooms, all filled with natural light and serviced by a neat and centrally positioned bathroom. Each fitted with ceiling fans to enhance tenant comfort and support strong rental appeal year-round.
Downstairs offers outstanding versatility and value-add potential. A large rumpus/multipurpose room (just shy of legal height) provides excellent additional living space - ideal as a media room, home office, gym or teenager's retreat - enhancing both lifestyle flexibility and rental attractiveness. This level also incorporates substantial storage and secure two-car accommodation, further strengthening the home's practicality.
Step outside and you'll immediately appreciate the expansive backyard. Perched on an impressive 559m2 corner allotment with dual street access, there is ample room for children and pets to play, scope to enhance over time, or potential to extend or add a pool (STCA). The size of the block and the home's flexible footprint present exciting future upside for investors seeking growth in a blue-chip location.
A snapshot of features we know you will love:
* Open plan kitchen and living areas with timber floorboards, reverse cycle air-conditioning flowing out to irresistible covered deck
* Impressive kitchen with ample storage cupboards, quality stainless steel appliances with granite bench top
* Generous 559m2 allotment with dual street access in a premium Wavell Heights pocket
* Three well-sized bedrooms all with ceiling fans, main with reverse cycle air conditioning
* Great sized and tastefully updated family bathroom
* Expansive and private covered rear deck ideal for entertaining
* Large downstairs rumpus/multipurpose room (just shy of legal height)
* Internal stairs with substantial storage space under the home
* Two car accommodation
* Strong rental appeal with future value-add potential (STCA)
* Laundry facilities located underneath and additional powder room
* Fully fenced, lushly landscaped and low maintenance 559m2 allotment
* NBN connection
* Plus much more!
Additional Information bound to be of benefit:
* Current tenanted with great long term tenants (who would love to stay) until 30/06/26
* Rates $595.40 per quarter
* Water $655.33 per quarter (based on consumption)
* Form 2 Seller Disclosure available upon inspection and request
Situated in a tightly held pocket of Wavell Heights, the home enjoys close proximity to quality schooling options, parklands, shopping precincts, public transport and easy access to major arterial roads and the Airport - ensuring ongoing appeal for both long-term tenants and future owner-occupiers.
This is a fantastic opportunity to secure an expansive parcel of land in a high-growth location with flexibility, functionality and future upside.
For further enquiry or to arrange your private viewing, please contact Dwight Colbert.
We look forward to welcoming you to 3 Frankit Street, Wavell Heights.
Disclaimer: This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer: We have used our best endeavours in preparing this advertisement 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 Dwight Colbert, Ray White Aspley — reproduced as published, not verified by Districts.
Nearby 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 (pending). 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
UnknownDevelopment applications have not been queried 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.