376 Waterworks Rd, Ashgrove is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1930. The property has a land size of 1477m2 and floor size of 55m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Elevated high atop a 1477sqm allotment capturing stunning greenery and City Views, this rare site presents an exceptional opportunity.
Currently home to four units and positioned on two lots, there is a world of potential underpinned by the strong ongoing rental return.
Retain the current units or transform this character property into a stunning new residence, home-based business or student/rooming accommodation
Current property features:
- Four units in an elevated setting
- Unit 1 1 bed, 1 bath, periodic lease ($250 per week)
- Unit 2 1 bed, 1 bath, fixed-term lease ending 28/04/2022 ($230 per week)
- Unit 3 2 bed, 1 bath, periodic lease ($300 per week)
- Unit 4 Studio, 1 bath, fixed-term lease ending 01/12/2022 ($230 per week)
- 2 driveways, 2 undercover car spaces, multiple off-street parking spaces
A spectacular position surrounded by amenities, this site is less than 1km to Ashgrove Marketplace and Ashgrove Shopping Village, featuring a superb selection of cafes, restaurants, supermarkets, butcher, bakery, banks, and more.
Positioned in one of Brisbane's most coveted school precincts, students can walk to Mt St Michael's 500m away, Marist College 1km away and Ashgrove State School 850m away. Close to parkland, sports clubs, transport and only 5km to the CBD this is an outstanding opportunity not to be missed.
* All works subject to Brisbane City Council approval
Disclaimer
This property is being sold by without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
The size of Ashgrove is approximately 5.9 square kilometres. It has 33 parks covering nearly 17.2% of total area. The population of Ashgrove in 2016 was 13039 people. By 2021 the population was 13450 showing a population growth of 3.2% in the area during that time. The predominant age group in Ashgrove is 10-19 years. Households in Ashgrove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Ashgrove work in a professional occupation.In 2021, 71.50% of the homes in Ashgrove were owner-occupied compared with 69.00% in 2016.
Ashgrove has 5,677 properties. Over the last 5 years, Houses in Ashgrove have seen a 70.01% increase in median value, while Units have seen a 120.41% increase. As at 31 March 2026:
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