42 Prospect TerraceSt Lucia QLD 4067
Property Details for 42 Prospect Tce, St Lucia
42 Prospect Tce, St Lucia is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 2003. The property has a land size of 607m2 and floor size of 234m2.This Property is currently listed for sale with Brisbane Real Estate - Chapel Hill
Last Listing description (May 2026)
DA-Approved Opportunity Offering Exceptional Lifestyle & Investment Appeal
This elevated 607m2 allotment offers enormous upside, appealing to developers, builders, investors and sophisticated buyers seeking strong long-term growth. The current approval allows for the creation of two 304m2 lots, each benefiting from an approx. 10.05 metres frontage each in a highly desirable leafy outlook. Positioned amongst established greenery, the property enjoys a peaceful setting with elevated suburban views and future potential to further capture the outlook from multiple new builds. Astute developers may look to capitalize low to medium density zoning and explore other development opportunities.
The existing residence provides immediate liveability and holding income while future plans are progressed. Featuring two bedrooms, generous living areas, timber flooring, a functional kitchen, outdoor entertaining deck and a spacious backyard, the home offers flexibility for buyers looking to hold, rent, renovate or proceed with the approved development. Superbly located close to The University of Queensland, Ironside State School, St Lucia Village, local parks, public transport and the Brisbane River lifestyle, this address offers the perfect combination of lifestyle appeal, land value and development potential.
Additional Features Include:
- 607m2 allotment with 20.1m frontage
- DA approved for two separate 304m2 lots
- Low-Medium Density Residential zoning with increased building height potential
- Potential to explore a range of residential development outcomes (STCA)
- Existing residence offering immediate liveability and holding income
- Charming 2-bedroom, 2 bathroom character home with two car accommodation
- Walking distances to local shops, cafes, parks & bus stops
- Within Ironside State School & Indooroopilly State High School catchments
- Minutes from elite schools - St Peter's Lutheran College, BBC, QASMT, Bridigine and the University of Queensland
- 4mins drive to Toowong Village and Toowong Station
- 6mins drive to Indooroopilly Shopping Centre
- Approx 6kms to the Brisbane CBD
Property History for 42 Prospect Tce, St Lucia, QLD 4067
- 13 May 2026Listed for Sale Auction Sat 6th Jun @ 3:00PM
- 02 Dec 2023Sold for $1,280,000
- 09 Nov 2023Listed for Sale Auction Onsite 2/12/2023
Recent sales nearby
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0About St Lucia 4067
The size of St Lucia is approximately 4.6 square kilometres. There are 36 parks, covering nearly 19.4% of the total area. The population of St Lucia in 2016 was 12574 people. By 2021 the population was 12220 showing a population decline of 2.8% in the area during that time. The predominant age group in St Lucia is 20-29 years. Households in St Lucia are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in St Lucia work in a professional occupation.In 2021, 44.40% of the homes in St Lucia were owner-occupied compared with 41.60% in 2016.
St Lucia has 5,594 properties. Over the last 5 years, Houses in St Lucia have seen a 42.00% increase in median value, while Units have seen a 99.87% increase. As at 30 April 2026:
- The median value for Houses in St Lucia is $2,197,863 while the median value for Units is $1,037,415.
- Houses have a median rent of $850 while Units have a median rent of $690.
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