Ashgrove at a glance
14,646
People
$2,152,500
Median sale
$719/wk
Median rent
1.74%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
5
Bedrooms
2
Bathrooms
2
Car spaces
486 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Ashgrove (last 5 years) with land size have a median of $3,138/m² of land (n=88). Districts calculation from recorded sales — not a valuation.
Ashgrove at a glance
14,646
People
$2,152,500
Median sale
$719/wk
Median rent
1.74%
Suburb gross yield
Median sale from 44 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 $719/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
UnknownNearby 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.
Area
Ashgrove at a glance
14,646
People
$2,152,500
Median sale
$719/wk
Median rent
1.74%
Suburb gross yield
Median sale from 44 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Place New FarmDiscover this exceptional investment opportunity featuring two properties on one title in the heart of Ashgrove. This purpose-built post-war duplex showcases beautiful polished timber floors throughout and offers immediate rental returns with potential for future development, making it perfect for investors seeking both current income and long-term capital growth.
Unit 1 presents a well-designed 2-bedroom layout with southern aspect positioning that ensures pleasant living conditions year-round. The unit features gorgeous polished timber flooring throughout, a full bathroom with stylish diamond-pattern feature tiling, plus separate W.C. for added convenience. The open-plan living and dining area flows seamlessly into a modern white kitchen with excellent storage and bench space, while large windows fill the space with natural light and leafy outlooks. Currently tenanted at $950 per fortnight, this unit provides reliable rental income with an established tenant base.
Unit 2 offers more spacious accommodation with 3 bedrooms and boasts the same stunning polished timber floors throughout. The intelligent floorplan features a separate master bedroom positioned away from the other 2 bedrooms, providing excellent privacy and comfort for tenants. The unit includes its own full bathroom and the charming timber kitchen features classic cabinetry with ample storage and bench space, complemented by the property's characteristic post-war details including decorative ceiling features. Large windows throughout capture beautiful leafy views and flood the spaces with natural light. This unit is currently generating $960 per fortnight in rental income, contributing to a combined fortnightly return of $1,910 or $49,660 annually.
The property sits on a generous 486m² block with established gardens featuring mature trees and low-maintenance lawns, providing excellent privacy and a peaceful setting. Additional features include a shared laundry facility on the ground floor and dual garage spaces for secure parking. The prime Ashgrove location is one of its greatest assets, positioned within walking distance of prestigious educational institutions including Marist College and Mt St Michael's College. Residents enjoy easy access to bus routes that provide direct connections to the city, making this an ideal location for families and professionals alike. The area's established reputation and convenient transport links ensure strong ongoing rental demand.
For investors and developers, this property presents unique flexibility. The dual-income stream provides immediate returns while the substantial block and prime location offer potential for future redevelopment into a family home, subject to council approval. The combination of current performance and future potential, enhanced by the property's excellent presentation with beautiful timber floors and well-maintained interiors, makes it a rare find in today's competitive market.
This is an outstanding opportunity to secure a well-positioned duplex in one of Brisbane's most desirable inner-city suburbs. Whether you're an investor seeking immediate returns or a developer looking for future potential, 3 Bridge Street represents exceptional value in the heart of Ashgrove, complete with the charm of post-war architecture and modern conveniences.
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
Listing description written by Alex Rutherford, Place New Farm — reproduced as published, not verified by Districts.