Seize this exceptional chance to secure a substantial parcel of land in the highly sought-after, family-friendly suburb of Ashgrove – all at an accessible price point. Whether you're an investor, developer, or aspiring homeowner, this property offers a wealth of exciting possibilities:
* 809m² elevated block – already subdivided into 2 x 405m² lots
THE LAND
Perfectly positioned on the high side of the street, this 809m² block offers stunning mountain views and is surrounded by quality homes in a peaceful, established neighbourhood. The existing home straddles two lots – no subdivision required – with each block measuring 405m² (10.05m frontage x 40.23m depth). Build your dream home, develop both sites for strong resale profits, or hold and capitalise on the area's continued growth.
THE HOUSE
While the current home is unrenovated and best suited for demolition, it offers immediate rental potential of approx. $1000 per week. Divided into two flats – each featuring 2 bedrooms, 1 bathroom, and undercover parking – it provides a valuable holding income while you plan your next move. (Refer to floorplan for layout.)
THE LOCATION
Unwind with a glass of wine on your future verandah as the sun sets over the mountains. Nestled just 5km from Brisbane’s CBD, this premium Ashgrove location is the perfect blend of nature, convenience, and community:
* 50m to local café
* 20m to city bus stop
* Stroll to parks and Banks Street Reserve
* Close to top schools – Oakleigh State School, Marist College, Mt St Michaels
* Only minutes to Ashgrove shopping village
WHY ASHGROVE?
Ashgrove is one of Brisbane’s most beloved suburbs, offering:
* Leafy, green surrounds with easy access to reserves and Mt Coot-tha
* Unmatched convenience – less than 5km to the city
* Top-tier education options for growing families
* A vibrant, village-like community with local markets, cafes, and boutique shops
* Charming homes – from classic Queenslanders to stylish new builds
* Excellent transport and amenities – everything you need, right on your doorstep
Vacant land in Ashgrove is rare and brand-new homes in this pocket frequently sell for over $2 million. This is your chance to get in at a fraction of the cost and make your mark in one of Brisbane’s most desirable suburbs.
Don’t miss out – contact the agent today for more information.
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 5,678 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:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.