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QLD › Pimlico › Alroy St

4 Alroy St, Pimlico QLD 4812

For saleHouse for Sale

$475,000

For sale

Asking

1

Bedrooms

1

Bathrooms

2

Car spaces

911 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $475,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $475,000(Listing record · 22 July 2026)
  • CalculationLand 911 m² against a 91 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 31% below the Pimlico median recorded sale ($685,000, n=25, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Pimlico's advertised median rent ($425/wk), implied gross yield would be 4.65% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

The ask against the evidence

Asking

$475,000

Asking · $521/m² of land

No recorded sale for this property.

Pimlico at a glance

2,562

People

$685,000

Median sale

$425/wk

Median rent

3.23%

Suburb gross yield

Median sale from 25 recorded sales (last 12 months) — a Districts calculation.

See the full Pimlico report →

Vs Pimlico

-30.7%

Median sale

Suburb $685,000

+1.42 pp

Gross yield

Suburb 3.23%

Suburb median $685,000 from 25 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$475,000
Stamp Duty (Queensland)
$15,050
Transfer/Registration Fee
$1,645
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$495,395

$20,395 on top of the price (4.3% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Pimlico's advertised median rent — not a rent for this listing.

Net yield
3.15%
Annual cashflow (pre-tax)
$-9,725
Interest cover (DSCR)
0.61
Annual rent
$22,100
Operating expenses
$7,125
Loan amount
$380,000
Annual interest
$24,700
Gross yield
4.65%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

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. Listed$475,000available22 July 2026

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 $425/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

Gross yield if leased at the suburb aggregate is 4.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. 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

Pimlico in one glance

Pimlico at a glance

2,562

People

$685,000

Median sale

$425/wk

Median rent

3.23%

Suburb gross yield

Median sale from 25 recorded sales (last 12 months) — a Districts calculation.

See the full Pimlico report →

Keep researching

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

Listing material

Listed by Explore Property Munro & Co

A Queenslander With Heart, Ready For Its Next Chapter

Tucked away in a quiet cul-de-sac, this much-loved one-bedroom Queenslander is brimming with character and opportunity - priced to please and ready for someone with vision to make it truly their own.

The current owners have already laid some beautiful groundwork, starting the renovation journey and leaving plenty of scope for you to finish the story your way. Step inside to large, open-plan living areas filled with natural light, creating a warm and welcoming space to relax or entertain. This area does triple duty with room for lounge, dining and study (and could easily be adapted to incorporate a second bedroom).

The bathroom has been beautifully renovated, featuring a deep plunge bath, separate shower and separate toilet - a genuine retreat at the end of the day. You'll also appreciate the convenience of internal laundry (plus an adjoining external sheltered drying area) and a generously sized bedroom with excellent storage.

Read the full description

The kitchen is where the potential really shines. While not yet fully complete, it already boasts a brand-new double sink, an exceptional stove (never even used) and gorgeous all-timber cabinetry throughout. With just a few finishing touches, this will be a truly wonderful space to cook and gather.

Out back, you'll find a lovely rear entertaining area - the kind of spot where the current owners have spent countless hours making memories with family and friends. Beyond that, a large backyard offers plenty of room to build on, extend, or simply enjoy as your own private outdoor haven.

This is a home with good bones, genuine charm, and real opportunity - perfect for the buyer ready to add their own finishing touches and create something special. And in an excellent Pimlico location, literally minutes from local schools, parks, shops and the Mater Hospital, you couldn't ask for better.

Contact Sherrie Tuppurainen today to arrange your inspection.

0403 888 506 sherriet@exploreproperty.com.au

Listing description written by Sherrie Tuppurainen, Explore Property Munro & Co — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Floorboards
  • Outdoor Entertaining
  • Toilets: 1
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.