15 Franklin StreetKelvin Grove QLD 4059
Property Details for 15 Franklin St, Kelvin Grove
15 Franklin St, Kelvin Grove is a 14 bedroom, 14 bathroom Unit with 7 parking spaces. The property has a land size of 1012m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 14 bedroom Unit sold in Kelvin Grove in the last 12 months.
Last Listing description (August 2022)
Offered to market for the first time since it's construction in the mid-1990s, this 7-unit brick-veneer complex represents a rare city fringe, blue chip investment!
Situated at the end of a cul-de-sac and short walking distance to Victoria Park, QUT, Kelvin State College, RBWH and 3kms from Brisbane CBD, this blue chip 1,012sqm parcel comprises of seven spacious and well-built two-bedroom, two-bathroom and single car lock-up garage apartments.
Currently gross yielding circa $150,000 annually, it's a solid ready-made investment and high growth asset to hold for years to come. Current rental appraisal indicates a potential gross income up to $178,000 annually, if new leases are in place.
Kelvin Grove has become a popular suburb for a range of people wishing to live close to Victoria Park, Brisbane City, Queensland University of Technology (QUT), Kelvin Grove State College (ranked top 5 in Brisbane) and the Royal Brisbane Hospital. Located less than 3km north west of Brisbane's CBD, it is a hilly and pretty suburb. It has experienced good growth in median house prices over the past five years as buyers have taken advantage of the suburb's proximity to the city.
With the 2032 Brisbane Olympics now confirmed, this is an outstanding opportunity to landbank a complex only 8 minutes from the CBD and 400m from the Ballymore Stadium Redevelopment, benefiting from future capital growth.
** Disclaimer**
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. Whilst all reasonable attempts have been made to verify the accuracy of the information provided, the Selling agents confirm that they cannot guarantee accuracy of the same and accept no liability (express or implied)in the event that any information contained in the document or provided within is inaccurate. Parties must ensure they make their own due diligence enquiries to satisfy themselves about the accuracy of the information. This information provided is indicative only and must not be relied upon unless confirmed by a party through their own due diligence.
Property History for 15 Franklin St, Kelvin Grove, QLD 4059
- 20 Mar 2026Sold for $5,900,000
- 05 Jul 2022Listed for Rent $450 / week
- 17 Jun 2022Sold for $3,205,000
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0About Kelvin Grove 4059
The size of Kelvin Grove is approximately 1.7 square kilometres. There are 12 parks, covering nearly 7.5% of the total area. The population of Kelvin Grove in 2016 was 7927 people. By 2021 the population was 7909 showing a population decline of 0.2% in the area during that time. The predominant age group in Kelvin Grove is 20-29 years. Households in Kelvin Grove are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kelvin Grove work in a professional occupation.In 2021, 33.10% of the homes in Kelvin Grove were owner-occupied compared with 32.10% in 2016.
Kelvin Grove has 4,131 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 59.55% increase in median value, while Units have seen a 108.92% increase. As at 31 July 2026:
- The median value for Houses in Kelvin Grove is $1,683,588 while the median value for Units is $862,116.
- Houses have a median rent of $698 while Units have a median rent of $683.
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