52 Lemnos StreetRed Hill QLD 4059
Property Details for 52 Lemnos St, Red Hill
52 Lemnos St, Red Hill is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 549m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in November 2024.
Last Listing description (October 2025)
A rare opportunity for investors, builders and homeowners just arrived in the heart of Redhill!
LMR Zoning with 3 Flats generating a solid income and an opportunity to add further 3-5 dwellings (STCA). This multi-dwelling complex features three flats: one spacious 2-bedroom unit and two cozy 1-bedroom units.
With the property surrounded by townhouse complexes it represents a great opportunity to secure this last block with huge potential and within mins of Brisbane CBD.
AUCTION DETAILS:
When: Wednesday 30th October
Where: In Room Auction @ 6:00 PM - Raywhite Rochedale - G4/1 Centre Place, 467 Underwood Rd, Rochedale South QLD 4123
Registration Starts At 5:30 PM
Bidder Registration Link: https://widget.auctionslive.com/widget/auctions/view/201182/WOE
Currently generating a solid $53,184 annually in gross holding income, projected annual income on lease renewals is $69,348, property is consistently fully rented, providing steady returns. With potential for redesign and even redevelopment, it's a gem for long-term investors seeking stability in a sought-after inner-city area with low vacancy rates and strong capital growth.
Strategically located just a few kilometres from the CBD, this property offers unbeatable convenience. It's a stone's throw from Waterworks Road, ensuring quick access to vibrant Paddington, the Bronco's Leagues Club, hospitals, and local shops. Plus, public transport is within easy walking distance, making it ideal for tenants.
Key Features:
Block of 3 Brick Veneer Units
No Strata fee
Total Rates: $1584 quarterly
Total: 4 Bedrooms, 3 Bathrooms, 6 Car Parks
549m Land Area, zoned LMR
$53,184 gross holding Income
$69,348 projected annual income on lease renewals
Potential to add further 2-3 units with existing floor plan
Potential to add another level and 3 more units
A total of 9-10 Units can be built on this site (STCA)
Value-Add Potential for higher rents
Massive redevelopment opportunity for even greater ROI
Unit 1
2 Bed 1 Bath 2 Car
Rental Appraisal: $580 - $620
Unit 2
1 Bed 1 Bath 2 Car
Rental Appraisal: $380 - $420
Unit 3
1 Bed 1 Bath 2 Car
Rental Appraisal: $380 - $420
Don't miss this incredible chance to invest in a property that promises growth and returns. For more information or to schedule a viewing, please contact us today!
Contact Syed @04165 498 295 or Sunny 0449 048 492
To register your interest or to book a private inspection.
All open home timings will be posted online weekly.
Disclaimer:
All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Property History for 52 Lemnos St, Red Hill, QLD 4059
- 12 Nov 2024Sold for $1,550,000
- 31 Oct 2024Listed for Rent $530 / week
- 09 Oct 2024Listed for Sale AUCTION IF NOT SOLD PRIOR
Recent sales nearby
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About Red Hill 4059
The size of Red Hill is approximately 140.9 square kilometres. It has 7 parks covering nearly 0.3% of total area. The population of Red Hill in 2016 was 5560 people. By 2021 the population was 5834 showing a population growth of 4.9% in the area during that time. The predominant age group in Red Hill is 20-29 years. Households in Red Hill are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Red Hill work in a professional occupation.In 2021, 52.10% of the homes in Red Hill were owner-occupied compared with 50.50% in 2016.
Red Hill has 2,825 properties. Over the last 5 years, Houses in Red Hill have seen a 70.05% increase in median value, while Units have seen a 116.55% increase. As at 28 February 2026:
- The median value for Houses in Red Hill is $1,795,928 while the median value for Units is $994,009.
- Houses have a median rent of $750 while Units have a median rent of $550.
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