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 › Albar St
For sale
For sale
3
Bedrooms
2
Bathrooms
4
Car spaces
1,242 m²
Land
Districts View
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
Asking
No recorded sale price for this property yet.
Local land rate: recorded House sales in Wavell Heights (last 5 years) with land size have a median of $2,485/m² of land (n=142). 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.
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 SB PropertyPresenting an increasingly rare opportunity in the heart of Wavell Heights, 5 Albar Street combines an expansive 1,242m² landholding, approximately 21m frontage and an immaculately maintained post-war home with exciting potential for the future.
Offering exceptional versatility for developers, investors, land buyers and families alike, preliminary concepts illustrate the potential to subdivide the property into two generous allotments of approximately 621m² each, or explore a three-lot configuration of approximately 345m² to 385m². Alternatively, retain the substantial existing home, renovate and enjoy an extraordinary parcel of land in one of Brisbane's most sought-after northern suburbs.
Lovingly maintained throughout its life, the existing weatherboard residence is remarkably spacious and presents in exceptional condition for its era. Largely original, its 2.7m ceilings, traditional casement windows and generous proportions retain the character of the home, while providing an excellent foundation for a future renovation.
The floorplan offers considerably more space than first impressions suggest. Two generous living areas are complemented by a dedicated study and separate dining room, while the central kitchen provides extensive timber cabinetry, excellent storage and an easy connection between the home's living spaces.
To the rear, an impressive second living area stretches across the width of the home, with a wood-burning fireplace creating a warm focal point and windows capturing an abundance of natural light.
Three well-proportioned bedrooms include a generous main bedroom with extensive built-in wardrobes, while two bathrooms provide additional practicality. Downstairs, a separate multipurpose room creates further flexibility alongside substantial under-house storage, with a detached double garage positioned to the rear.
Outside is where the remarkable scale of the property truly reveals itself. Beyond the home, an enormous backyard unfolds across expansive lawns framed by established gardens and mature trees — an increasingly rare amount of space within this tightly held Wavell Heights setting.
For those looking towards the future, the sheer scale and configuration of the 1,242m² allotment create a compelling opportunity. Explore a potential subdivision, renovate the existing residence, secure a substantial landholding for the years ahead, or investigate a combination of options to maximise the property's potential.
Additional Property Features
Expansive 1,242m² allotment
Approximately 21m street frontage
Potential two or three-lot subdivision configurations*
Three generous bedrooms with built-in wardrobes
Dedicated home office
Two bathrooms
Multiple living and dining areas
2.7m ceilings and traditional casement windows
Wood-burning fireplace
Mitsubishi split-system air conditioning
Ceiling fans
Detached double garage
Separate multipurpose room
Extensive under-house storage
Established gardens and expansive backyard
Conveniently Located
80m to Hamilton Road shops
180m to Rilatt Park
1.5km to Wavell Heights State School
1.6km to Our Lady of the Angels Catholic Primary School
2.2km to Wavell State High School
2.2km to Westfield Chermside
3.5km to The Prince Charles Hospital
5 Albar Street represents a rare combination of immediate usability and outstanding future potential — an exceptional landholding offering the space, flexibility and possibilities that are becoming increasingly difficult to secure in Wavell Heights.
*Subdivision concepts are indicative only and subject to Brisbane City Council approval and all relevant planning requirements. Buyers should undertake their own investigations and obtain independent professional advice regarding any proposed development or subdivision.
Listing description written by Stefan Blee, SB Property — 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.