38 Prospect St, Fortitude Valley is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1900. The property has a land size of 253m2 and floor size of 167m2. While the property is not currently for sale or for rent, it was last sold in November 2018.
Located in the tightly held creative hub known as the Light Street Hill Precinct sitting on 253m2 is a traditional character house with plenty of options.
For the investor looking at all opportunities, within this specific precinct, residential, office and community uses are supported. The precinct contains a significant group of 19th-century timber cottages that testify to the early history of the area. A proposal to use the premises for Office purposes is supported under the current BCC planning scheme. On a different note, there is an expired DA for sub-division for this site to create two houses utilising the two street access. As I said, the property offers plenty of options.
Currently, this welcoming home is an inner city bolthole; fully fenced with an internal area of approximately 95sqm, two bedrooms, one bathroom, kitchen, two lounges, two dining, office, and space enough for 6 carparks accessed via Rosetta Street. A new roof was recently added as well as air conditioning and fans in the bedrooms, astroturf to the front yard, and grass-cel in the backyard.
The size of Fortitude Valley is approximately 1.4 square kilometres. It has 2 parks covering nearly 1.5% of total area. The population of Fortitude Valley in 2016 was 6978 people. By 2021 the population was 9708 showing a population growth of 39.1% in the area during that time. The predominant age group in Fortitude Valley is 20-29 years. Households in Fortitude Valley are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fortitude Valley work in a professional occupation.In 2021, 17.60% of the homes in Fortitude Valley were owner-occupied compared with 21.00% in 2016.
Fortitude Valley has 8,301 properties. Over the last 5 years, Houses in Fortitude Valley have seen a -38.83% decrease in median value, while Units have seen a 76.73% increase. As at 31 December 2025:
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