Stones Corner at a glance
2,956
People
$1,249,000
Median sale
$649/wk
Median rent
2.70%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
QLD › Stones Corner › Vine St
$2,400,000
Last sold
27 Aug 2021
12
Bedrooms
11
Bathrooms
2
Car spaces
607 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
$2,400,000
27 Aug 2021 · derived via latest_sale
Local land rate: recorded House sales in Stones Corner (last 5 years) with land size have a median of $3,084/m² of land (n=7). Districts calculation from recorded sales — not a valuation.
Stones Corner at a glance
2,956
People
$1,249,000
Median sale
$649/wk
Median rent
2.70%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
Vs Stones Corner
+92.2%
Median sale
Suburb $1,249,000
-1.29 pp
Gross yield
Suburb 2.70%
Suburb median $1,249,000 from 5 recorded sales (last 24 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 $649/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
Stones Corner at a glance
2,956
People
$1,249,000
Median sale
$649/wk
Median rent
2.70%
Suburb gross yield
Median sale from 5 recorded sales (last 24 months) — a Districts calculation.
Listing material
Listed by Ray White Brisbane CityThis much loved well designed two storey multi-living property is hitting the market for the first time since being renovated. Boasting 12 bedrooms, 11 bathrooms and a clever combination of classic and modern design elements, this unique home with the rear decks facing north sits proudly in a cul-de-sac on a 607 sqm parcel of land in one of the area's more elevated precincts. It is adorned with amazing direct city views all of which combine to present a multitude of opportunities for the savvy investor or owner occupiers.
The potential of this exquisite property is astounding, presenting the option to lease the entire home receiving approx. $140,000 per annum with low overheads & maintenance OR live in the 4 bedroom upstairs home comfortably and rent out downstairs to supplement your income to the tune of $90,000 per annum. Properties with this configuration and features are unique, extremely hard to find and to replicate especially in this premium location as it was developed prior to the current constraints of the Council's development code.
Situated in one of the Inner city's blue-chip sought after suburbs, Stones Corner has shown strong historical capital growth but also steady rental returns as it is only approx. 5km to the Brisbane CBD with ease of access to major employment hubs, infrastructure and amenities, including major Universities such as QUT, Griffith University and UQ as well as local schools, transport, shops, parks and hospitals. This property's capital growth has even outstripped its impressive rental return over the past 10 years which equates to an extraordinary return on investment.
The home is split over two levels, with the upper floor hosting four bedrooms, two sunrooms, three bathrooms, kitchen and living area. This Queenslander showcases its classic charm through the incredibly high ceilings, polished timber floorboards, ornate fretwork and substantial rear deck overlooking the city. The kitchen provides ample white cabinetry, stainless steel appliances and stone benchtops, flowing through to the spacious living room with 5 meter high ceilings that opens out onto the immense north-facing balcony through folding timber doors.
Majority of the bedrooms incorporate built-in-robes, storage, air conditioning and ceiling fans, with the master flaunting double built-in wardrobes and ensuite. The two sunrooms could be utilised as home offices or hobby rooms, while the back deck with built-in outdoor kitchen offers an abundant space for entertaining and unwinding. This level also features air-conditioned living areas, LED downlights, fireplace in the lounge area and has recently received a fresh coat of paint both internally and externally.
Much consideration was given to the design for the liveability of the residents in the lower level with a strong focus on occupancy comfort and amenity. The intelligently designed floorplan gives each resident a spacious private room which includes mirrored built-ins, air-con and ceiling fans. All bedrooms have their own dedicated walk-in shower, mirrored vanity and toilet of which 7 are ensuited and 1 with its own separate dedicated bathroom. It also features a large combined laundry/bathroom and an open plan living, dining and kitchen area. The extensive U-shaped kitchen displays two full walls of cabinetry, two ovens, two cooktops and generous bench space, whilst the oversized laundry with adjoining bathroom offers side access to the home. The lower level also features two secure car spaces, covered back deck and fully fenced garden with courtyard.
Property Features:
- Renovated Queenslander on 607 sqm block in desirable Stones Corner precinct
- Two Storey, multi-living with 12 bedrooms, 11 bathrooms and 2 Cars spaces
- Total building size of 480 sqm approx. (Lower Level 235 sqm approx. and Upper Level 245 sqm approx.)
- Potential earning capacity of $140,000 p.a. for the entire home OR Live upstairs and rent out downstairs with huge returns
- Capital growth even exceeded the impressive rental return over the past 10 years
- High ceilings, polished timber floorboards, ornate fretwork & deck overlooking city
- Easily accessible local amenities including schools, transport, shops, parks & hospitals
- Nearby Clem 7 tunnel to the Brisbane Airport & M3 to the Gold Coast
- 5km from Brisbane CBD/QUT/ Griffith, 10km from UQ & easy access to train/bus/ferry
- Schools within catchment - Greenslopes SS, Buranda SS, St James & Villanova College
- Proximity to Stones Corner Village, nearby parks, Greenslopes & PA hospitals
Make no mistake; this golden offering is almost the last of its kind. Another property with this location and set up is a rare find indeed! When dealing with a property holding with such credentials it is hard to imagine how one could overcapitalise with the assurity of long term financial stability.
The seller is motivated and committed to selling! Set to go to Auction on the 27th of August, this is literally a once-in-a-lifetime opportunity to secure an inner-city property of this magnitude and potential income offering!
*Please advise the agent in writing before placing an offer if you require Foreign Investment Review Board approval (FIRB). Please visit - https://firb.gov.au/ for further details.
Disclaimer: This property is being sold by auction, therefore due to real estate legislation in QLD and in accordance with REIQ guidelines a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates on this page are not provided by the agent and should not be taken as a price guide.
Disclaimer: the Agency believes that all information contained herein be true & correct to the best of our ability and in no way misleading, however all interested parties are advised to carry out their own enquiries and relevant searches independently.
Listing description written by Kai Liu, Ray White Brisbane City — 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.