162 Boundary St, Railway Estate is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 607m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 3 bedroom House sold in Railway Estate in the last 12 months.
Potential Plus on Large Block - Prime Location, Close to City!
This 3 bedroom, 1 bathroom Queenslander, set on a spacious 607sqm block just moments from the CBD, Country Bank Stadium and The Strand, awaits your creative touch. Boasting polished wooden floorboards and high ceilings, this property offers a solid foundation for renovation.
With some TLC and a fresh coat of paint, this house will be transformed into a charming gem. Currently occupied by a tenant on a periodic lease, generating a healthy rental income of $410 per week, imagine the potential returns with a new lease in place. A gross return of approx. 7.3% makes this property an attractive prospect for both seasoned investors and first-time buyers seeking an opportunity to revitalize a home and capitalize on its prime location.
Unlock the true potential of this dwelling and watch your investment flourish.
- Potential to invest and reap the rewards
- Some TLC required and bathroom needs some work
- Fully fenced 607sqm block
- Tenant currently paying $410 per week on periodic lease
- 3 decent size bedrooms
- Large tandem carport providing under cover car accommodation for 2 vehicles
- Front deck (needs some TLC and paint)
- Large tiled kitchen and dining area
- Lounge room with high ceilings
- Bathroom with shower/tub combo
- 2nd toilet
- Laundry and storage area underneath house
- Prime location just minutes from the CBD, Queensland Country Bank Stadium, Flinders Street, Castle Hill, an array of cafes and restaurants and The Strand.
Don't miss out on the chance to secure this affordable block in Railway Estate. Call Catherine to arrange an inspection.
The size of Railway Estate is approximately 4.0 square kilometres. There are 9 parks, covering nearly 14.3% of the total area. The population of Railway Estate in 2016 was 2852 people. By 2021 the population was 2871 showing a population growth of 0.7% in the area during that time. The predominant age group in Railway Estate is 20-29 years. Households in Railway Estate are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Railway Estate work in a professional occupation.In 2021, 56.70% of the homes in Railway Estate were owner-occupied compared with 55.00% in 2016.
Railway Estate has 1,798 properties. Over the last 5 years, Houses in Railway Estate have seen a 97.23% increase in median value, while Units have seen a 127.80% increase. As at 31 May 2026:
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