2 Penguin Street, Inala, QLD 4077 | House for sale | OnTheHouse
 
FOR SALE
Offers Over $899,000

2 Penguin Street
Inala QLD 4077

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 90m2
Land area: 620m2
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CORNER BLOCK + LOCATION + FUTURE POTENTIAL!

If location, land and future potential are sitting at the top of your property shopping list, then 2 Penguin Street needs to be right at the top.
Positioned on a generous 623m² corner allotment, this property offers investors an exciting opportunity to secure a well-located piece of Inala real estate with plenty of options to consider for the future.
The existing three-bedroom home provides immediate potential to renovate, improve and add value, while the corner position opens the door to an even bigger conversation.
For buyers thinking beyond today, there is potential to demolish the existing home and investigate the construction of a duplex/dual-occupancy development, taking advantage of the property's corner position and multiple street frontages, subject to Brisbane City Council approval, planning requirements and buyer due diligence.
Whether your strategy is to renovate and hold, improve the existing property for stronger rental returns, land-bank for the future or investigate redevelopment, this is the kind of property where location and potential work hand in hand.
WHY THIS SHOULD BE AT THE TOP OF YOUR SHOPPING LIST:
Generous 623m² corner allotment
Existing three-bedroom home
Opportunity to renovate and add value
Potential knock-down and duplex redevelopment opportunity
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Property Details for 2 Penguin St, Inala

2 Penguin St, Inala is a 3 bedroom, 1 bathroom House and was built in 1960. The property has a land size of 620m2 and floor size of 90m2. The place is currently for sale with Real Estate Domain Team.

Building Type
House
Year Built
1960
Floor Size
90m2
Land Size
620m2
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About Inala 4077

The size of Inala is approximately 6.3 square kilometres. There are 22 parks, covering nearly 9.6% of the total area. The population of Inala in 2016 was 14849 people. By 2021 the population was 15273 showing a population growth of 2.9% in the area during that time. The predominant age group in Inala is 0-9 years. Households in Inala are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Inala work in a labourer occupation.In 2021, 40.50% of the homes in Inala were owner-occupied compared with 41.40% in 2016.

Inala has 5,462 properties. Over the last 5 years, Houses in Inala have seen a 140.48% increase in median value, while Units have seen a 92.22% increase. As at 31 July 2026:

  • The median value for Houses in Inala is $973,498 while the median value for Units is $650,391.
  • Houses have a median rent of $570 while Units have a median rent of $410.
There are currently 32 properties listed for sale, and 13 properties listed for rent in Inala on OnTheHouse. According to Cotality's data, 110 properties were sold in the past 12 months in Inala.

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William Teys
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Real Estate Domain Team
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