200 Musgrave Road, Red Hill, QLD 4059 | House for sale | OnTheHouse
FOR SALE
FOR SALE

200 Musgrave Road
Red Hill QLD 4059

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 487m2
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Corner Position, Holding Income and a Decision Point That Works in Your Favour

INSPECTIONS BY APPOINTMENT ONLY: please contact Lucas on 0413 654 823 or lucas@glynisaustin.com and allow for at least 48 hours notice for tenant notification.
A fully tenanted residential character property on 487sqm across two lots at one of Red Hill's most prominent corners, with income in place and genuine optionality for what comes next.
Corner lots on Musgrave Road are tightly held and rarely come to market with this combination of immediate income, strong street presence, and a natural exit from the current tenancy arriving in the near term. The residential lease expiry hands the incoming owner a real choice: hold, repurpose, or explore what the CR2 zoning may support. That flexibility is not something you manufacture. Either you have it or you don't, and 200 Musgrave Road has it.
Features include:
• 487sqm corner landholding across two lots (L5-6 RP20643), 100% freehold
• Corner position at Musgrave Road and Cochrane Street with rear car parking accessed from Cochrane Street
• Residential character dwelling currently returning $20,800 per annum gross
• Residential lease expiring in the near term, a natural and timely decision point for the incoming owner
• CR2 Character (Infill Housing) zoning under the Ithaca District Neighbourhood Plan, Hillside Character Precinct NPP-008
• Direct Musgrave Road frontage with over 190,000 passing vehicles each week
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Property Details for 200 Musgrave Rd, Red Hill

200 Musgrave Rd, Red Hill is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 487m2. The place is currently for sale with Ray White Paddington (Qld).

Building Type
House
Land Size
487m2
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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 2,825 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 27 properties listed for sale, and 8 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.

Suburb Insights for Red Hill 4059

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Glynis Austin
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Lucas Brett
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Ray White Paddington (Qld)
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.