542 Waterworks Rd, Ashgrove is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 647m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in February 2020.
Offering 4 bedrooms over two levels, and within strolling distance of West Ashgroves blossoming dining precinct, parks, bike paths, walking trails, elite schools and city-bound transport, this post war property is the perfect addition to any property portfolio!
Within the catchment for Ashgrove State Primary School & The Gap State High School and just 7km from Brisbanes bustling CBD, this is an opportunity to enter the highly desirable Ashgrove property market, with endless potential to reap the rewards of renovating what is a good-sized family home, run a business from this high exposure location or redevelop the 647m2 of land (STCA) on offer. The options are endless and sure to be appealing to buyers that dig for real estate gold!
Residents will love the lifestyle on offer in this prime location and are sure to fall in love with the following features:
Level access from the street leads to enclosed front patio & established garden surrounds
North/South orientation provides good natural light & cooling breezes throughout the house
Main living upstairs features ornate cornices & is generous in size
Open plan combined kitchen & dining area opens to covered rear deck capturing leafy vistas & cooling breezes
3 bedrooms upstairs, 1 built in, are serviced by a main bathroom
Lower level incorporates massive rumpus with kitchenette, bar & adjoining internal laundry
4th bedrooms downstairs is serviced by a bathroom & a covered outdoor patio area
Frequent buses servicing the local area & direct access to the city are on the doorstep
Local shops & eateries are an easy 5 minute walk from home and a short drive in either direction will see you at central Ashgrove Village or The Gap Village shopping centres
Knock down and build again with plenty of usable land to the rear of the property yet to be utilised in a fantastic area close to all amenities including transport, shopping and private school catchments. OR... It's perfect for a small home business with over 30,000 cars passing by daily, ensuring your business gets premium exposure. There's a multitude of possibilities available here to the savvy investor dont miss your opportunity to pursue them!
For more information please call Simon Parer on 0419 644 804.
The size of Ashgrove is approximately 5.9 square kilometres. There are 33 parks, covering nearly 17.2% of the 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 5,678 properties. Over the last 5 years, Houses in Ashgrove have seen a 56.25% increase in median value, while Units have seen a 121.76% increase. As at 31 May 2026:
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