FOR SALE
AUCTION IF NOT SOLD PRIOR

52 Lemnos Street
Red Hill QLD 4059

Bedrooms: 4
Bathrooms: 3
Car spaces: 6
Floor area: 322m2
Land area: 549m2
Auction Time
Wed 30 Oct 6:00 pm
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Save

LMR Zoning with 3 Units, Great Holding Income with Massive redevelopment Opportunity

A rare opportunity for investors, builders and homeowners just arrived in the heart of Redhill!
LMR Zoning with 3 Flats generating a solid income and an opportunity to add further 3-5 dwellings (STCA). This multi-dwelling complex features three flats: one spacious 2-bedroom unit and two cozy 1-bedroom units.
With the property surrounded by townhouse complexes it represents a great opportunity to secure this last block with huge potential and within mins of Brisbane CBD.
AUCTION DETAILS:
When: Wednesday 30th October
Where: In Room Auction @ 6:00 PM -
Raywhite Rochedale - G4/1 Centre Place, 467 Underwood Rd, Rochedale South QLD 4123
Registration Starts At 5:30 PM
Bidder Registration Link: https://widget.auctionslive.com/widget/auctions/view/201182/WOE
Currently generating a solid $53,184 annually in gross holding income, projected annual income on lease renewals is $69,348, property is consistently fully rented, providing steady returns. With potential for redesign and even redevelopment, it's a gem for long-term investors seeking stability in a sought-after inner-city area with low vacancy rates and strong capital growth.
See More

Property Details for 52 Lemnos St, Red Hill

52 Lemnos St, Red Hill is a 4 bedroom, 3 bathroom House with 6 parking spaces. The property has a land size of 549m2 and floor size of 322m2. The place is currently for sale with Ray White Rochedale.

Building Type
House
Floor Size
322m2
Land Size
549m2

Commute Calculator

About Red Hill 4059

The size of Red Hill is approximately 140.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of Red Hill in 2011 was 5,546 people. By 2016 the population was 5,565 showing a population growth of 0.3% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily childless couples and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation. In 2011, 50.6% of the homes in Red Hill were owner-occupied compared with 50.5% in 2016.

Red Hill has 2,786 properties. Over the last 5 years, Houses in Red Hill have seen a 80.29% increase in median value, while Units have seen a 54.86% increase. As at 30 September 2024:

  • The median value for Houses in Red Hill is $1,618,484 while the median value for Units is $750,490.
  • Houses have a median rent of $705 while Units have a median rent of $500.
There are currently 22 properties listed for sale, and 9 properties listed for rent in Red hill on OnTheHouse. According to CoreLogic's data, 108 properties were sold in the past 12 months in Red hill.

Suburb Insights for Red Hill 4059

Market Insights
Red Hill Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Red Hill Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
Syed Ali
Show contact details
Sunny Singh
Show contact details
Ray White Rochedale
Preferred contact:
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.