28 Ashbolt Street, Wooloowin, QLD 4030 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
Interest From $2,700,000

28 Ashbolt Street
Wooloowin QLD 4030

Bedrooms: 7
Bathrooms: 5
Car spaces: 1
Floor area: 400m2
Land area: 759m2
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5 Units - 2 Lots - Demolition Approval

It does not get any better than this! A renovated block of flats returning just under $100,000PA, already on two individual lots and with demolition approval! Buy now and continue to receive rent for years to come and then knock down and develope the blocks.
Commanding a large corner site in the heart of Wooloowin, this substantial parcel of prime real estate presents an abundance of opportunities in a premium location.
Positioned on a 759 sqm double allotment in a quiet pocket close to schools, shops and transport, this property comprises five individual units offers incredible versatility in a well-serviced area just five kilometres from the city.
A smart investment for those seeking solid returns, an attractive development prospect with an application for demolition already been approved by BCC, or exceptional blank canvas for owner occupiers to craft their dream home on a sprawling site in a sought-after neighbourhood, this is a rare offering with robust possibilities.
In summary:
- 759 sqm double allotment on corner site in quiet central Wooloowin enclave
- Pre-war structure with demolition approval
- Set of five units returning $98,280 per annum
- Ability to renovate to increase rental returns
- Fully tenanted, leases in place until April to August 2026
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Property Details for 28 Ashbolt St, Wooloowin

28 Ashbolt St, Wooloowin is a 7 bedroom, 5 bathroom BlockOfUnits with 1 parking spaces. The property has a land size of 759m2 and floor size of 400m2. The place is currently for sale with Ray White Wilston.

Building Type
BlockOfUnits
Floor Size
400m2
Land Size
759m2
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About Wooloowin 4030

The size of Wooloowin is approximately 1.1 square kilometres. It has 1 park. The population of Wooloowin in 2016 was 3938 people. By 2021 the population was 4029 showing a population growth of 2.3% in the area during that time. The predominant age group in Wooloowin is 30-39 years. Households in Wooloowin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wooloowin work in a professional occupation.In 2021, 48.70% of the homes in Wooloowin were owner-occupied compared with 46.10% in 2016.

Wooloowin has 2,175 properties. Over the last 5 years, Houses in Wooloowin have seen a 76.17% increase in median value, while Units have seen a 113.78% increase. As at 31 January 2026:

  • The median value for Houses in Wooloowin is $1,664,587 while the median value for Units is $854,018.
  • Houses have a median rent of $685 while Units have a median rent of $550.
There are currently 6 properties listed for sale, and 3 properties listed for rent in Wooloowin on OnTheHouse. According to Cotality's data, 80 properties were sold in the past 12 months in Wooloowin.

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Alistair Macmillan
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Nicholas Mclauchlan
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Ray White Wilston
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