31 Plimsoll St, Greenslopes is a 3 bedroom, 3 bathroom Unit with 2 parking spaces and was built in 1940. The property has a land size of 551m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in August 2021.
Presenting an exceptional opportunity to secure a single titled block of flats in the ever-popular suburb of Greenslopes and only 5km from the Brisbane CBD.
A rare offering with both immediate uplift potential and longer-term development upside, supported by a rare council approved character home demolition permit (STCA). This city fringe investment delivers immediate income security, while allowing the astute investor to capitalize on its position within a proven growth corridor.
The property itself is a purpose-built hard wood, solid timber and chamferboard complex comprising of three one-bedroom flats, each occupied by long term tenants on fixed leases through to mid 2027.
Generating $1,145 p/w or around $59,540 annually with low holding costs and additional upside potential, easily achieved through simple upgrades and minor improvements. (For example- private courtyards, additional bedrooms, off-street parking, air conditioning, kitchen upgrades, bathroom upgrades, flooring upgrades, etc.)
Features include
3x One-bed Flats on one registered title
Returning - $1,145 per/w OR $59,540 per/yr
Fixed long-term tenants, Exp/2027
551m2 Block, Zoned CR-2 (Infill Housing), with 17.9m street frontage
DA - Rare Council Approved Character home Demolition Permit - Exp/2028
100m walk to Greenslopes Shopping Centre and surrounding developments
5km radius to Brisbane City
Cavendish Rd State Highschool, and Holland Park State Primary Catchment
No-Flooding, No-registered easements
A location with it all, this site is less than 100m walk from Greenslopes Shopping Centre, services and amenities as well as plenty of public transport options.
Situated within the Holland Park State School and Cavendish Road State High School catchments, and only a few minutes' drive to Coorparoo Square and Westfield Carindale, this ideal investment suits buyers seeking a strategic land banking opportunity with stable income and optional development uplift in the future.
For more information or for a copy of the form2, and offer form please contact Steve Landeta - 0435 890 517
Current Tenancies
Unit 1 - One Bed, One Bath - Rented at $375 per week
- Exp 18/06/2027
Unit 2 - One Bed, One Bath, One Car - Rented at $375 per week
- Exp 26/06/2027
Unit 3 - One Bed, One Bath, One Car - Rented at $395 per week
- Exp 18/06/2027
Disclaimer:
While preparing this information we have used our best endeavors to ensure that the following information contained therein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers should make their own enquiries to verify the information contained here.
The size of Greenslopes is approximately 2.5 square kilometres. There are 11 parks, covering nearly 10.5% of the total area. The population of Greenslopes in 2016 was 8936 people. By 2021 the population was 7941 showing a population decline of 11.1% in the area during that time. The predominant age group in Greenslopes is 20-29 years. Households in Greenslopes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenslopes work in a professional occupation.In 2021, 45.90% of the homes in Greenslopes were owner-occupied compared with 40.80% in 2016.
Greenslopes has 4,791 properties. Over the last 5 years, Houses in Greenslopes have seen a 56.98% increase in median value, while Units have seen a 103.91% increase. As at 31 July 2026:
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