54 Manchester Tce, Indooroopilly is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 810m2 and floor size of 285m2. While the property is not currently for sale or for rent, it was last sold in April 2024.
A rare Indooroopilly opportunity offering scale, elevation and exceptional development potential, 54-56 Manchester Terrace presents one of the suburb's most versatile landholdings - an 810m double lot with existing demolition approval and sought-after LMR (LowMedium Density Residential) zoning.
Positioned high on the ridge with sweeping outlooks and cooling breezes, this property gives buyers enormous flexibility: redevelop, subdivide, land-bank or renovate. With two existing lots on one title, the future upside is compelling, whether your vision is a luxury new home, dual new builds, or a boutique multi-residential project (STCA).
Development & Investment Highlights
810m across two lots (1 title)
LMR2 zoning 23 storey mix
Demolition approval in place to remove the existing pre-war home
Potential for subdivision, luxury homes, townhomes or multi-residential development (STCA)
Elevated position with district views and potential for city views
Over 20m frontage
Rare Indooroopilly infill development site
Cashflow potential: current dwelling can be leased while preparing approvals or land-banking
Existing Dwelling Dual Living & Immediate Income Potential
Warm, inviting and full of character, the current pre-war home includes high ceilings, VJ walls, timber floors and excellent indooroutdoor flow. Configured for dual living, it offers two self-contained spaces ideal for multi-generational households or rental income streams.
Features include:
4 bedrooms across two levels
Separate living spaces and outdoor entertaining zones
Full kitchen, bathroom and bedroom on the ground floor
Large saltwater swimming pool
Elevated entertaining decks capturing breezes
Practical layout with strong rental appeal
Whether retained for passive income or removed to unlock the site's full development potential, the existing home provides flexibility rarely available in such a premium location.
Unbeatable Location Walk to Everything
Surrounded by high-performing schools and major transport links, this address offers unmatched convenience:
Indooroopilly Shopping Centre
Taringa Train Station
Indooroopilly State School
Brisbane Boys' College
St Peters Lutheran College
QASMT
Local parks, cafes and bus routes
School catchments and nearby options include:
Holy Family Primary (760m)
Brigidine College (818m)
Indooroopilly State School (1.03km)
St Peters Lutheran College (1.4km)
BBC (1.43km)
Montessori Children's House (500m)
Toowong State School (2.1km)
A Rare Indooroopilly Offering
Opportunities of this scale and versatility in central Indooroopilly are few and far between. Whether you are a developer, investor, builder or owner-occupier seeking a blue-chip site with long-term upside, 54 Manchester Terrace delivers an exceptional foundation for your next project.
Act fast - premium double lots with demolition approval in this precinct are extremely tightly held.
The size of Indooroopilly is approximately 7.8 square kilometres. It has 31 parks covering nearly 34.9% of total area. The population of Indooroopilly in 2016 was 12242 people. By 2021 the population was 13622 showing a population growth of 11.3% in the area during that time. The predominant age group in Indooroopilly is 20-29 years. Households in Indooroopilly are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Indooroopilly work in a professional occupation.In 2021, 53.70% of the homes in Indooroopilly were owner-occupied compared with 51.00% in 2016.
Indooroopilly has 6,958 properties. Over the last 5 years, Houses in Indooroopilly have seen a 72.35% increase in median value, while Units have seen a 89.66% increase. As at 31 October 2025:
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