40 Prospect Terrace, Kelvin Grove, QLD 4059 | Property Value & History | OnTheHouse
OFF MARKET

40 Prospect Terrace
Kelvin Grove QLD 4059

Bedrooms: 2
Bathrooms: -
Car spaces: -
Floor area: 128m2
Land area: 420m2
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Property Details for 40 Prospect Tce, Kelvin Grove

40 Prospect Tce, Kelvin Grove is a 2 bedroom, 0 bathroom House. The property has a land size of 420m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last sold in July 2025.

Building Type
House
Floor Size
128m2
Land Size
420m2
Local Government
Brisbane
Lot/Plan
2/RP20362

Last Listing description (September 2025)

A rare opportunity to build a unique designer home, be it your dream home or your next dream project, in one of inner-Brisbane's most tightly held suburbs.

Located within walking distance of Kelvin Grove State College and just moments from the upcoming Brisbane Metro, QUT Kelvin Grove, local shops, cafes and a short trip into the CBD, this is inner-city living at its most convenient - and most liveable.

Positioned in a quiet street, this 420m cleared block of land has all services connected.

Major site preparation is complete, including Soil Test, Contour and Detail Survey, and Boundary Survey Plans. Multiple architect-designed concept plans are also available to guide and inspire your vision (STCA). Option to continue with the Designer to finalise the choice of plans.

Key Features:
Elevated 420m vacant block in a premium location
Stunning north-facing views from the rear
CR2 zoning - flexible residential redevelopment options (STCA)
Soil Test, Boundary Survey plans, and Contour & Detail Survey plans included
Multiple architect-designed concept plans available
Services connected: water, sewer, electricity, and telecommunications
Close to KGSC, Kelvin Grove Village, QUT, parks, transport and the future Brisbane Metro

Opportunities like this are increasingly rare in Kelvin Grove. Contact us today to arrange a time to meet onsite and explore the possibilities at 40 Prospect Terrace.

*Disclaimer*

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.

Images used contain concept plan only - subject to council approval. This plan is not approved and is provided for illustrative purposes only.

Aurora Property Newmarket acknowledges the traditional custodians of the land on which we deliver our services. We pay respects to Elders past, present and emerging and recognise their cultural heritage, beliefs, and relationships with the land.

Property History for 40 Prospect Tce, Kelvin Grove, QLD 4059

A timeline of how this property has performed in the market
Last Sold
$1,120,000
02 Jul 2025
  • 02 Jul 2025
    Sold for $1,120,000
  • 06 May 2025
    Listed for Sale Undisclosed
  • 27 Apr 2024
    Sold for $867,000
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About 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 4,132 properties. Over the last 5 years, Houses in Kelvin Grove have seen a 52.85% increase in median value, while Units have seen a 101.69% increase. As at 31 August 2026:

  • The median value for Houses in Kelvin Grove is $1,673,130 while the median value for Units is $849,665.
  • Houses have a median rent of $700 while Units have a median rent of $690.
There are currently 19 properties listed for sale, and 9 properties listed for rent in Kelvin grove on OnTheHouse. According to Cotality's data, 154 properties were sold in the past 12 months in Kelvin grove.

Suburb Insights for Kelvin Grove 4059

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.