45 Bellevue AvenueGaythorne QLD 4051
Property Details for 45 Bellevue Ave, Gaythorne
45 Bellevue Ave, Gaythorne is a 6 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1950. The property has a land size of 731m2.This Property is currently listed for sale with Denovans Real Estate
Last Listing description (August 2026)
Positioned on a substantial 731sqm allotment within sought-after LMR2-3 zoning, 45 Bellevue Avenue, Gaythorne presents an increasingly rare opportunity to secure a fully tenanted block of flats with immediate holding income and exceptional development upside. Comprising four well-maintained flats, including two spacious two-bedroom residences and two one-bedroom residences, the property offers a versatile investment opportunity in one of Brisbane's most tightly held inner-north locations.
With several of the flats having benefited from kitchen and bathroom renovations in recent years, the property presents well internally while still offering scope to further enhance rental returns over time. Investors will appreciate the flexibility of a strong buy-and-hold asset with existing income, coupled with the exciting future potential that comes with the evolving Brisbane City Council LMR zoning changes.
Given the property is situated within the LMR2-3 zoning precinct, it stands to benefit significantly from Brisbane City Council's proposed changes under the More Homes Sooner initiative. These changes include increased allowable building heights, reduced minimum lot sizes and streamlined development requirements, all aimed at encouraging greater housing supply and development activity.
Whether you are seeking a strategic landbank opportunity, a high-performing addition to your portfolio, or a site to develop immediately (STCA), this property is exceptionally well positioned to capitalise on the continued demand for quality townhouses and development sites within the area. With Gaythorne and the surrounding suburbs continuing to experience strong growth and resale demand, opportunities such as this are becoming increasingly difficult to secure.
Location:
400m to Gaythorne Caf's, restaurants and business precinct
500m to Gaythorne Train Station
850m to Brookside Shopping Centre
1km to Hillbrook Anglican School
1.2km to Enoggera Village
1.4km to Our Lady of the Assumption Catholic Primary School
1.6km to Blackwood Street Restaurant and Caf Precinct & Mitchelton Train Station
7.35km to Brisbane CBD
Phone Haydn Denovan for more information.
Property History for 45 Bellevue Ave, Gaythorne, QLD 4051
- 29 Jun 2026Listed for Sale Above $1,700,000
- 21 Dec 2022Listed for Rent $260 / week
- 01 Jun 2019Listed for Rent $250 / week
Recent sales nearby
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0About Gaythorne 4051
The size of Gaythorne is approximately 1.0 square kilometres. There are 9 parks, covering nearly 10.6% of the total area. The population of Gaythorne in 2016 was 3023 people. By 2021 the population was 3158 showing a population growth of 4.5% in the area during that time. The predominant age group in Gaythorne is 30-39 years. Households in Gaythorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gaythorne work in a professional occupation.In 2021, 42.60% of the homes in Gaythorne were owner-occupied compared with 39.20% in 2016.
Gaythorne has 1,951 properties. Over the last 5 years, Houses in Gaythorne have seen a 57.20% increase in median value, while Units have seen a 99.61% increase. As at 31 August 2026:
- The median value for Houses in Gaythorne is $1,378,021 while the median value for Units is $856,019.
- Houses have a median rent of $750 while Units have a median rent of $635.
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