46 Heidelberg St, East Brisbane is a 11 bedroom, 4 bathroom Unit with 3 parking spaces and was built in 1920. The property has a land size of 433m2 and floor size of 262m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Opportunities like this don't come up often - and when they do, they don't last.
46 Heidelberg Street, East Brisbane is not just a property.
It's a rare, high-yield, city-fringe asset sitting just 6 minutes from Brisbane CBD, with flexibility that very few inner-city properties can offer.
This is one title with registered flats and certified student rooming accommodation, comprising 11 bedrooms, 4.5 bathrooms, and secure under-roof parking for three vehicles - all held under one title and producing one powerful income stream.
Fully leased to its approved capacity, the property generates up to $195,260 per annum (15 occupants) or $187,980 per annum (12 occupants) following the scheduled rent increases in February and March 2026.
As certified student accommodation for up to 15 occupants, this asset delivers serious cash flow in a blue-chip location - the rare combination investors chase and rarely find.
Why sophisticated buyers are paying attention:
Registered flats - ideal for multi-generational living, co-ownership, or diversified leasing
Certified student rooming accommodation - proven, high-yield investment structure
LMR2 zoning (Low-Medium Density Residential) - land-bank now, develop later
13.2kW solar system - reduced operating costs and future-proofing
6 minutes to Brisbane City - blue-chip location with long-term growth fundamentals
Exceptional income while you wait - the rare combination of yield + future optionality
Location tenants - and future buyers - actively seek
CityCat terminal at the end of the street in Mowbray Park - effortless river-to-city connectivity
Walking distance to the new Mowbray Park entertainment precinct, currently under development, featuring theatre, outdoor movies, and dining
East Brisbane State School & Coorparoo Secondary College catchments
Short walk to Anglican Church Grammar School
Bus stop on the street servicing Bulimba, Balmoral, Hawthorne, Norman Park & East Brisbane
Minutes to Gabba Central (Coles-anchored), The Gabba, Mater Hospital, and Queensland Children's Hospital
This is the type of property experienced investors quietly secure - because it solves multiple strategies in one move:
Strong, proven cash flow
Inner-city land holding
Development upside
Flexible living and leasing options
Assets with this level of income, zoning flexibility, and CBD proximity rarely come to market.
Once it's gone, it's gone.
Secure it before it's too late. Contact The Henry Wong Team today!
Disclaimer:
This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information.
The size of East Brisbane is approximately 2.0 square kilometres. There are 10 parks, covering nearly 8.6% of the total area. The population of East Brisbane in 2016 was 5934 people. By 2021 the population was 6186 showing a population growth of 4.2% in the area during that time. The predominant age group in East Brisbane is 20-29 years. Households in East Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Brisbane work in a professional occupation.In 2021, 42.00% of the homes in East Brisbane were owner-occupied compared with 40.70% in 2016.
East Brisbane has 3,869 properties. Over the last 5 years, Houses in East Brisbane have seen a 42.35% increase in median value, while Units have seen a 79.91% increase. As at 31 August 2026:
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