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QLD › Spring Hill › Leichhardt St

U41, 119 Leichhardt St, Spring Hill QLD 4000

For saleUnit

$550,000

For sale

Asking

1

Bedrooms

1

Bathrooms

0

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $550,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $550,000(Listing record · 20 July 2026)
  • CalculationAsk is 73% below the Spring Hill median recorded sale ($2,000,000, n=11, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Spring Hill's advertised median rent ($717/wk), implied gross yield would be 6.78% — 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

$550,000

Asking

No recorded sale for this property.

Spring Hill at a glance

8,801

People

$2,000,000

Median sale

$717/wk

Median rent

1.86%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Spring Hill report →

Vs Spring Hill

-72.5%

Median sale

Suburb $2,000,000

+4.92 pp

Gross yield

Suburb 1.86%

Suburb median $2,000,000 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$550,000
Stamp Duty (Queensland)
$17,775
Transfer/Registration Fee
$1,971
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
$573,446

$23,446 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 Spring Hill's advertised median rent — not a rent for this listing.

Net yield
5.28%
Annual cashflow (pre-tax)
$434
Interest cover (DSCR)
1.02
Annual rent
$37,284
Operating expenses
$8,250
Loan amount
$440,000
Annual interest
$28,600
Gross yield
6.78%

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$550,000available20 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 $717/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 6.8%. 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

Spring Hill in one glance

Spring Hill at a glance

8,801

People

$2,000,000

Median sale

$717/wk

Median rent

1.86%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Spring Hill report →

Keep researching

  • Why Spring Hill? Read the area thesis →
  • What else is on the market in Spring Hill →
  • Other records on Leichhardt St →

Listing material

Listed by Coronis Inner North

An Elevated Address for Effortless Living

Positioned high on the ninth floor, this light-filled apartment presents an exceptional opportunity to secure a low-maintenance home or investment in one of Brisbane's most connected inner-city locations. Offering sweeping northern views and an effortless lock-and-leave lifestyle, you'll enjoy having the very best of the CBD, Spring Hill and Roma Street precinct right on your doorstep. Whether you're a first-home buyer, investor, city professional, student or downsizer, this is a home where convenience truly takes centre stage.

• Elevated ninth-floor apartment with expansive northern outlooks across the city surrounds.

• Spacious one-bedroom layout complete with a dedicated study nook, ideal for those working or studying from home.

Read the full description

• Light-filled interiors with large windows capturing natural light and elevated views.

• Functional kitchen and open-plan living and dining area.

• Ideal opportunity for owner-occupiers seeking an inner-city lifestyle or investors looking for a high-demand location.

• Just a short stroll to Brisbane CBD, Central Station and major employment precincts.

• Walk to Roma Street Parkland, Roma Street Station and the exciting new Brisbane Live entertainment precinct.

• Free Spring Hill Loop Bus stop conveniently located directly across the road.

• Surrounded by an endless selection of cafés, restaurants, bars and everyday conveniences.

• Moments from QUT, with easy access to UQ via public transport and close proximity to leading hospitals.

• Fantastic connectivity with excellent public transport, making day-to-day commuting effortless.

• Enjoy a true walk-everywhere lifestyle with virtually everything you need just moments from your front door.

Whether you're looking to embrace the convenience of inner-city living or secure a low-maintenance home in an unbeatable location, this apartment delivers an exceptional lifestyle with everything Brisbane has to offer right at your doorstep.

Disclaimer:

The agent has taken reasonable steps to verify the accuracy of the information contained in this marketing and advertising material. However, all information is provided as a guide only and should not be relied upon as a representation of fact.

Prospective buyers should make their own enquiries, conduct their own due diligence and seek independent advice to satisfy themselves as to the accuracy, condition, suitability and completeness of the information provided in relation to the property. To the extent there is any inconsistency between this marketing or advertising material and the Form 2 Seller Disclosure Statement for the property, the Form 2 Seller Disclosure Statement will prevail.

If this property is being sold by auction or without a price, a price guide cannot be provided. Any website or portal may have filtered the property into a price bracket for website functionality purposes only.

Some marketing images may contain virtual furniture, furniture staging, digital enhancements or AI-generated enhancements for illustrative purposes. Any such images are intended to assist with visual presentation only and may not reflect the actual property features, furnishings, condition, layout, size, views or presentation. Buyers should rely on their own inspections, enquiries and independent advice.

Listing description written by Jordan McLennan, Coronis Inner North — 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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