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QLD › Kelvin Grove › Ballymore St

U11, 2 Ballymore St, Kelvin Grove QLD 4059

For saleUnit

$699,999

For sale

Asking

1

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $699,999 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $699,999(Listing record · 27 July 2026)
  • CalculationAsk is 54% below the Kelvin Grove median recorded sale ($1,520,000, n=13, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Kelvin Grove's advertised median rent ($641/wk), implied gross yield would be 4.76% — 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

$699,999

Asking

No recorded sale for this property.

Kelvin Grove at a glance

9,724

People

$1,520,000

Median sale

$641/wk

Median rent

2.19%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Kelvin Grove report →

Vs Kelvin Grove

-53.9%

Median sale

Suburb $1,520,000

+2.57 pp

Gross yield

Suburb 2.19%

Suburb median $1,520,000 from 13 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$699,999
Stamp Duty (Queensland)
$24,525
Transfer/Registration Fee
$2,669
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
$730,893

$30,894 on top of the price (4.4% 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 Kelvin Grove's advertised median rent — not a rent for this listing.

Net yield
3.26%
Annual cashflow (pre-tax)
$-13,568
Interest cover (DSCR)
0.63
Annual rent
$33,332
Operating expenses
$10,500
Loan amount
$559,999
Annual interest
$36,400
Gross yield
4.76%

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$699,999available27 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 $641/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 4.8%. 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

Kelvin Grove in one glance

Kelvin Grove at a glance

9,724

People

$1,520,000

Median sale

$641/wk

Median rent

2.19%

Suburb gross yield

Median sale from 13 recorded sales (last 12 months) — a Districts calculation.

See the full Kelvin Grove report →

Keep researching

  • Why Kelvin Grove? Read the area thesis →
  • What else is on the market in Kelvin Grove →
  • Other records on Ballymore St →

Listing material

Listed by Ray White Paddington (Qld)

Elevated North-Facing Apartment with Panoramic Views in Brisbane's Thriving Future Olympic Precinct

Positioned high in one of Kelvin Grove's most sought-after pockets, this elevated north-facing apartment combines an exceptional lifestyle with outstanding long-term potential. Capturing cooling breezes and panoramic views stretching all the way to the Gateway Bridge, it presents a rare opportunity to secure a quality apartment in one of Brisbane's fastest-evolving inner-city suburbs.

Designed to maximise its desirable north-facing position, the spacious open-plan living and dining area seamlessly connects to an elevated outlook that captures cooling breezes and panoramic views. Contemporary in presentation and thoughtfully configured, the apartment offers effortless everyday living with a layout that is both functional and inviting.

The generously proportioned master bedroom is complemented by a well appointed ensuite and two built-in wardrobes, offering exceptional storage and functionality.

Read the full description

The location is equally impressive. Just moments from QUT Kelvin Grove, the Royal Brisbane & Women's Hospital, Kelvin Grove Urban Village, and approximately three kilometres from Brisbane's CBD, you'll be perfectly positioned to enjoy the very best of inner-city living.

With Brisbane's 2032 Olympic Games on the horizon, Kelvin Grove is rapidly evolving into one of the city's most sought-after inner-city destinations. The nearby Victoria Park Stadium precinct, the redevelopment of Ballymore Stadium and significant infrastructure investment throughout the inner north are set to shape the suburb's future, further strengthening its appeal for both owner-occupiers and investors alike.

Offering an exceptional opportunity to secure your place in one of Brisbane's most exciting precincts, this contemporary apartment delivers the lifestyle and location to enjoy today, with all the benefits of a suburb poised for the future.

With Brisbane's 2032 Olympic Games set to transform the inner north, opportunities to secure a quality apartment in the heart of this evolving precinct are becoming increasingly scarce. Don't miss your chance to secure your foothold in one of Brisbane's most exciting locations.

* Where properties are being sold without a price, in accordance with government regulations a price guide cannot be provided. Please also note that the website being viewed may have filtered the property into a price bracket for functionality purposes.

* Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only

Listing description written by Jasper Brigg, Ray White Paddington (Qld) — reproduced as published, not verified by Districts.

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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.