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QLD › Toowong › Richer St

38 Richer St, Toowong QLD 4066

House

$1,010,000

Last sold

19 Aug 2025

3

Bedrooms

3

Bathrooms

1

Car spaces

379 m²

Land

291 m²

Building

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

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

Why this property?

  • FactLast recorded sale $1,010,000 (19 Aug 2025).(Recorded sale)
  • CalculationRecorded House sales in Toowong (last 5 years) with land size: median $3,109/m² of land (n=26). 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

$1,010,000

19 Aug 2025 · derived via latest_sale

Local land rate: recorded House sales in Toowong (last 5 years) with land size have a median of $3,109/m² of land (n=26). Districts calculation from recorded sales — not a valuation.

Toowong at a glance

14,372

People

$1,910,000

Median sale

$735/wk

Median rent

2.00%

Suburb gross yield

Median sale from 26 recorded sales (last 12 months) — a Districts calculation.

See the full Toowong report →

Vs Toowong

-47.1%

Median sale

Suburb $1,910,000

+1.78 pp

Gross yield

Suburb 2.00%

Suburb median $1,910,000 from 26 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$1,010,00019 Aug 2025
  2. Listedprice unknowncompleted12 Aug 2025

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 $735/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

Toowong in one glance

Toowong at a glance

14,372

People

$1,910,000

Median sale

$735/wk

Median rent

2.00%

Suburb gross yield

Median sale from 26 recorded sales (last 12 months) — a Districts calculation.

See the full Toowong report →

Keep researching

  • Why Toowong? Read the area thesis →
  • What else is on the market in Toowong →
  • Other records on Richer St →

Listing material

Listed by Doug Disher Real Estate Sales

Calling All Serious Renovators

Over three levels, and spanning from Richer Street to Horrocks Street, this modern three-bedroom home was all set to undergo a renovation, but some uninvited, hungry little house guests were discovered in the early stages. Professionals were called, they dealt with the intruders, and appropriate deterrents have been put in place, but the owners were left with a tough decision - repair and continue with the renovation, or leave it to someone a bit more hands-on who can make the most of the situation.

A job offer abroad made their decision easier, so it's over to you. If you're not afraid of some termite damage, this could be a great opportunity for you.

The home is architecturally designed, with multiple decks and living spaces as well as excellent separation of bedrooms. It features polished timber flooring on the central level and the upper parents' retreat, with polished concrete flooring on the lower level. Tucked away from Richer Street, it predominantly overlooks Horrocks Street and is laid out to take in the beautiful, leafy surrounds of Mt Coot-tha's foothills.

Read the full description

It's just around the corner from Stuartholme, positioned within the Rainworth State School catchment area, a short drive from Brisbane Boys' College and QASMT, and less than 5km by road to The University of Queensland.

The 379sqm block has shared access from Richer Street with the neighbouring property, but it also enjoys 24m of frontage on Horrocks Street, with the potential to create separate, private access (STCA).

It clearly needs work, but for someone with the right skills and/or connections, there's a clear opportunity here. Included with the sale are all materials and fixtures on-site that were intended for the renovations, including basins, mixers, wastes, showers, towel rails, toilets, mirrors, vanities, grates, and tiles, as well as Kwila decking and fascia, and Gastone Carrara White floor and wall tiles.

For the full information pack, including a recent Structural Engineer's Report, please submit an email enquiry via this website.

Listing description written by Doug Disher, Doug Disher Real Estate Sales — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Broadband
  • Built-in Robes
  • Deck
  • Dishwasher
  • Floorboards
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
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.