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QLD › Hendra › Mein St

U1-7, 134 Mein St, Hendra QLD 4011

For saleBlock of Units

$3,199,000

For sale

Asking

8

Bedrooms

7

Bathrooms

7

Car spaces

683 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,199,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,199,000(Listing record · 4 Aug 2026)
  • FactLand 683 m²; no building size recorded.(Property record)
  • CalculationAsk is 48% above the Hendra median recorded sale ($2,156,250, n=26, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Hendra's advertised median rent ($743/wk), implied gross yield would be 1.21% — this is not a rent for this listing.(Districts scenario calculation)

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

The ask against the evidence

Asking

$3,199,000

Asking · $4,684/m² of land

No recorded sale for this property.

Hendra at a glance

5,179

People

$2,156,250

Median sale

$743/wk

Median rent

1.79%

Suburb gross yield

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

See the full Hendra report →

Vs Hendra

+48.4%

Median sale

Suburb $2,156,250

-0.58 pp

Gross yield

Suburb 1.79%

Suburb median $2,156,250 from 26 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$3,199,000
Stamp Duty (Queensland)
$164,468
Transfer/Registration Fee
$14,309
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
$3,381,477

$182,477 on top of the price (5.7% 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 Hendra's advertised median rent — not a rent for this listing.

Net yield
-0.29%
Annual cashflow (pre-tax)
$-175,697
Interest cover (DSCR)
-0.06
Annual rent
$38,636
Operating expenses
$47,985
Loan amount
$2,559,200
Annual interest
$166,348
Gross yield
1.21%

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$3,199,000available4 Aug 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 $743/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 1.2%. 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

Hendra in one glance

Hendra at a glance

5,179

People

$2,156,250

Median sale

$743/wk

Median rent

1.79%

Suburb gross yield

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

See the full Hendra report →

Keep researching

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

Listing material

Listed by Ray White Clayfield

Blue-Chip Unit Block with Vacant Possession

A rare opportunity to secure a blue-chip investment in a tightly held precinct, this entire block of 7 units is going to auction and will be sold, presenting an exceptional opportunity for investors, developers and land bankers to secure a substantial landholding with immediate upside and outstanding long-term potential.

With clear instructions from the seller, buyers can bid with confidence knowing this is an opportunity that demands

immediate action.

Read the full description

Positioned in a prestigious Hendra location backing directly onto Eagle Farm Racecourse, the property will be offered with vacant possession, allowing the successful purchaser to immediately re-lease, refurbish, demolish or pursue future redevelopment (STCA) without the constraints of existing tenancies.

Occupying a 683sqm parcel across 2 lots with over 20 metres of frontage to both the street and the racecourse, the non-strata complex comprises 6x 1-bedroom, 1-bathroom units and 1x 2-bedroom, 1-bathroom unit, each with its own dedicated parking space and no body corporate fees.

When fully tenanted, the property generated just under $114,000 per annum, providing a benchmark for future income while highlighting the opportunity to unlock even greater rental returns.

With uninterrupted green outlooks across Eagle Farm Racecourse and front-row seats to race-day action, the setting is as unique as it is valuable. Residents can walk to local cafes and restaurants, while the shopping and dining precincts of Racecourse Village, Racecourse Road and Portside Wharf are only moments away. Bus stops and Hendra train station are just 650m from the door, Brisbane CBD is 7km away, and Brisbane Airport is 11 minutes

away. The address also benefits from the Hendra State School catchment and proximity to leading private schools and childcare centres.

Entire unit blocks in this calibre of location are exceptionally rare, and opportunities to purchase with vacant possession are rarer still. After a previous campaign, the seller's instructions are clear - this property is committed to auction and will change hands.

With exceptional flexibility, significant value-add potential and outstanding future possibilities, this is a compelling opportunity to secure immediate control of a blue-chip asset.

Property features:

- Blue-chip investment opportunity on 683sqm on 2 lots

- No body corporate fees, non-strata complex

- Previously returning just under $114,000 per annum

- Site will be sold with vacant possession

- Opportunity to refurbish or demolish (STCA)

- 7-unit block backing onto Eagle Farm Racecourse

- 6x 1-bed 1-bath units and 1x 2-bed 1-bath unit

- Over 20 metres frontage to the street and racetrack

Contact Nick Kouparitsas on 0406 564 619 or Claudia Rocha on 0413 939 470 today to arrange your inspection or discuss how this outstanding property can secure your place in one of Hendra's most tightly held streets.

*We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

*This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

Listing description written by Nick Kouparitsas, Ray White Clayfield — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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