68 Cambridge Street, Red Hill, QLD 4059 | House for sale | OnTheHouse
 
FOR SALE
$1,550,000+

68 Cambridge Street
Red Hill QLD 4059

Bedrooms: 5
Bathrooms: 2
Car spaces: -
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Renovated Red Hill Investment Delivering Over 5% Yield

Combining a strong rental return with the long-term benefits of owning property in one of Brisbane's most tightly held inner-city suburbs, this renovated character cottage presents an exceptional investment opportunity.
Currently fully leased under fixed-term agreements, the property generates approximately $79,300 per annum, representing a rental yield of over 5%. This provides investors with immediate and reliable cash flow from settlement, helping to offset holding costs while retaining exposure to Red Hill's continued capital appreciation.
Configured for rooming accommodation across two levels, the property offers five individually leased bedrooms, multiple communal areas and fully self-contained accommodation downstairs. Its flexible layout also provides a range of future living and investment options.
An owner-occupier could live on one level while generating rental income from the other. Alternatively, parents with children attending university could secure a foothold in the area, provide accommodation for their child and lease the remaining rooms to help offset mortgage repayments and other ownership costs.
With no body corporate fees, a low-maintenance configuration and excellent access to the Brisbane CBD, QUT Kelvin Grove, public transport and surrounding education facilities, the property is ideally positioned to benefit from the continued demand for quality inner-city accommodation.
Investment and Lifestyle Highlights
* Rental yield of over 5%
* Currently fully leased under fixed-term agreements
* Total rental income of approximately $1,525 per week
* Annual rental income of approximately $79,300
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Property Details for 68 Cambridge St, Red Hill

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

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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 2,826 properties. Over the last 5 years, Houses in Red Hill have seen a 50.75% increase in median value, while Units have seen a 70.97% increase. As at 31 August 2026:

  • The median value for Houses in Red Hill is $1,894,148 while the median value for Units is $823,027.
  • Houses have a median rent of $830 while Units have a median rent of $550.
There are currently 27 properties listed for sale, and 6 properties listed for rent in Red hill on OnTheHouse. According to Cotality's data, 86 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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