7 River Street, Petrie, QLD 4502 | Property Value & History | OnTheHouse
 
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7 River Street
Petrie QLD 4502

Bedrooms: 20
Bathrooms: 12
Car spaces: 12
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Property Details for 7 River St, Petrie

7 River St, Petrie is a 20 bedroom, 12 bathroom Unit with 12 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2024.

Building Type
Unit
Local Government
Moreton Bay
Lot/Plan
4/RP45374

Last Listing description (April 2023)

Development Opportunity- 2044m2 in High Growth University Area!

A once in a lifetime opportunity to secure a HUGE 2044m2 parcel of land in the centre of Petrie that offers redevelopment opportunity and exceptional scope as part of The Mill Moreton Bay Priority Development Area. Held for over 40 years by the one owner, the opportunity is now available to secure this exceptional site that is 650m to Petrie train and the new Sunshine Coast University Moreton Bay Campus! There is Woolworths and Petrie Hotel opposite, and parks, schools and bus within just metres of this site.

You can redevelop the site to include both residential and commercial premises (STCA), renovate the existing 12- pack for increased yields OR simply sit and hold and invest in a high growth area and reap the rewards in the years to come- the choice is yours!

With a solid and immaculate brick 12-PACK COMPLEX, comprising 4 x 1 bedroom apartments and 8 x 2 bedroom apartments - this is certainly an impressive property for the investor seeking a blue-chip investment opportunity with potential for future growth and further development. Located just 29km to Brisbane CBD, in this exceptionally HIGH GROWTH pocket of the Moreton Bay Priority Development Area earmarked for extensive redevelopment in the coming years, the site is within walking distance of the new University of the Sunshine Coast Moreton Bay campus, express Petrie Train and bus services, parkland, wonderful local schools and churches, the Petrie Hotel and Woolworths shopping Centre. A new shopping precinct with Coles is coming soon also.

Offered for sale by its ORIGINAL OWNERS, this is a genuine chance to secure a HUGE parcel of land in the very centre of this rapidly developing area, where population growth and infrastructure is increasing at exponential speed!

Fully leased to permanent, quality tenants, this immaculate cavity brick complex has been incredibly well maintained, and has further potential for increased yields. Being just 650m from the University campus, there is exceptional investment opportunity for student accommodation here also.

The units have had regular maintenance and updates completed over the years and present to a very high standard. There is also opportunity to renovate and add value if desired. Each apartment features very generous proportions, and offers a large main bathroom with internal laundry, spacious lounge and outdoor sitting area, and one single adjoining carport. The bedrooms are all large and will accommodate at least a Queen-sized bed.

This property offers incredible value and opportunity to investors seeking a good yield, opportunity for increased value in a high growth area and mixed use redevelopment (refer to The Mill at Moreton Bay Priority Development Area and Moreton Bay Council). Based on its 2044m2 area, the site has the potential to accommodate a minimum of 15 multiple dwelling units and 300sqm of commercial/retail tenancies. **A development potential information report is available upon request.

This is your opportunity to secure a diamond investment at the perfect point in time!

QUICK FACTS:
Year built: 1980
Land size: 2044m2
Site Frontage: 19.41m
Development Scheme: The Mill at Moreton Bay PDA Development Scheme
Complex composition: 4 x 1 bedroom units and 8 x 2 bedroom units
Current rents: 1 bedroom units $275 per week and 2 bedroom units $360 per week
Council rates: $5000 per quarter
Unity Water: $4500 per quarter
Insurance: $3125 per quarter
Maintenance: $2600 per quarter

Don't allow this to be an opportunity missed... please reach out for a detailed purchaser information pack today.

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Property History for 7 River St, Petrie, QLD 4502

A timeline of how this property has performed in the market
Last Sold
$3,410,000
09 Apr 2024
  • 09 Feb 2023
    Listed for Sale For Sale Now
  • 25 Nov 2022
    Listed for Sale $5,000,000 - $5,100,000
  • 15 Apr 2021
    Listed for Sale $5,000,000 - $5,100,000
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About Petrie 4502

The size of Petrie is approximately 6.6 square kilometres. It has 32 parks covering nearly 17.5% of total area. The population of Petrie in 2016 was 8674 people. By 2021 the population was 8722 showing a population growth of 0.6% in the area during that time. The predominant age group in Petrie is 40-49 years. Households in Petrie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Petrie work in a professional occupation.In 2021, 68.60% of the homes in Petrie were owner-occupied compared with 71.90% in 2016.

Petrie has 3,637 properties. Over the last 5 years, Houses in Petrie have seen a 101.56% increase in median value, while Units have seen a 129.62% increase. As at 31 October 2025:

  • The median value for Houses in Petrie is $945,461 while the median value for Units is $637,961.
  • Houses have a median rent of $595 while Units have a median rent of $520.
There are currently 20 properties listed for sale, and 5 properties listed for rent in Petrie on OnTheHouse. According to Cotality's data, 140 properties were sold in the past 12 months in Petrie.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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