124a,126,128 Bainbridge St, Ormiston, QLD 4160 | House for sale | OnTheHouse
 
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124a,126,128 Bainbridge Street
Ormiston QLD 4160

Bedrooms: 9
Bathrooms: 3
Car spaces: 4
Land area: 6703m2
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Opportunity Knocks High Potential Development Site In A Growing Market (DA APPROVED FOR 12 LOTS)

Option 1: Demolish existing dwellings and subdivide 3 lots into 12 (DA APPROVED)
Option 2: Retain existing dwellings and subdivide 124A & 128 into 8 lots (DA APPROVED)
Option 3: Keep existing dwellings and land bank while generating rental income and subdivide 124A into 2 lots (STCA)
A rare opportunity presents itself to secure a substantial allotment with significant future development potential. Positioned on a sprawling 6,703m² block, this prime site at 124A, 126 & 128 Bainbridge Street, Ormiston offers immense scope for astute investors and developers. With City Council DA approval in place to subdivide the existing 3 lots into 12 lots, this is an exceptional opportunity for developers, land bankers, or savvy investors looking to establish a strong presence in one of the Redlands' most sought-after growth locations.
The property backs onto a tranquil residential street that has undergone significant reformation with many original houses being replaced by high-end homes, luxury apartment complexes and commercial properties, forever changing the landscape of this area.
3 Individual Titles & Dwellings:
*** 124a Bainbridge Street
• 1610sqm
• Vacant Land
*** 126 Bainbridge Street
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Property Details for 124a,126,128 Bainbridge St, Ormiston, QLD 4160

124a126128 Bainbridge St Ormiston QLD 4160 is a 9 bedroom, 3 bathroom House with 4 parking spaces. The property has a land size of 6703m2. The place is currently for sale with Ray White Rochedale.

Building Type
House
Land Size
6703m2
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About Ormiston 4160

The size of Ormiston is approximately 5.0 square kilometres. It has 30 parks covering nearly 23.0% of total area. The population of Ormiston in 2016 was 5793 people. By 2021 the population was 6379 showing a population growth of 10.1% in the area during that time. The predominant age group in Ormiston is 50-59 years. Households in Ormiston are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ormiston work in a professional occupation.In 2021, 74.90% of the homes in Ormiston were owner-occupied compared with 76.20% in 2016.

Ormiston has 3,113 properties. Over the last 5 years, Houses in Ormiston have seen a 86.15% increase in median value, while Units have seen a 101.35% increase. As at 31 October 2025:

  • The median value for Houses in Ormiston is $1,360,219 while the median value for Units is $776,339.
  • Houses have a median rent of $775 while Units have a median rent of $600.
There are currently 36 properties listed for sale, and 9 properties listed for rent in Ormiston on OnTheHouse. According to Cotality's data, 149 properties were sold in the past 12 months in Ormiston.

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Miranda Cheang
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Dalyza Bel
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Ray White Rochedale
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