1/68 Cambridge Street, Red Hill, QLD 4059 | House for sale | OnTheHouse
 
FOR SALE
AUCTION

1/68 Cambridge Street
Red Hill QLD 4059

Bedrooms: 5
Bathrooms: 2
Car spaces: -
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Auction Time
Wed 30 Sep 6:00 pm
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No upcoming inspections scheduled.
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Renovated Inner-City Cottage with Outstanding Income Potential

Combining traditional character with a flexible dual-level configuration, this renovated inner-city cottage presents an outstanding opportunity for owner-occupiers and investors alike.
With the potential to generate approximately $80,000 per annum, the property presents an outstanding income-producing opportunity in one of Brisbane's most convenient inner-city locations.
The home is configured for rooming accommodation across two levels, providing flexibility to lease individual rooms or separate areas of the property. Owner-occupiers may choose to live upstairs while generating income from the fully self-contained accommodation downstairs.
Investors can take advantage of the strong demand for student accommodation and inner-city rentals, with multiple leasing options and excellent access to Kelvin Grove, the CBD, public transport and surrounding education facilities.
Property Highlights
• Non Strata Titled with no body corporate fees
• Renovated character cottage
• Potential rental income of approximately $80,000 per annum
• Flexible rooming accommodation configuration
• Five bedrooms across two levels
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Property Details for 1/68 Cambridge St, Red Hill

1/68 Cambridge St, Red Hill is a 5 bedroom, 2 bathroom House. The place is currently for sale with Ray White Paddington (Qld).

Building Type
House
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About Red Hill 4059

The size of Red Hill is approximately 140.9 square kilometres. There are 7 parks, covering nearly 0.3% of the total area. The population of Red Hill in 2016 was 5560 people. By 2021 the population was 5834 showing a population growth of 4.9% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation.In 2021, 52.10% of the homes in Red Hill were owner-occupied compared with 50.50% in 2016.

Red Hill has 2,823 properties. Over the last 5 years, Houses in Red Hill have seen a 54.42% increase in median value, while Units have seen a 94.74% increase. As at 31 July 2026:

  • The median value for Houses in Red Hill is $1,864,710 while the median value for Units is $939,672.
  • Houses have a median rent of $828 while Units have a median rent of $550.
There are currently 22 properties listed for sale, and 7 properties listed for rent in Red hill on OnTheHouse. According to Cotality's data, 90 properties were sold in the past 12 months in Red hill.

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Mathew Abboud
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Ray White Paddington (Qld)
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