29A Spence RoadWavell Heights QLD 4012
Property Details for 29a Spence Rd, Wavell Heights
29a Spence Rd, Wavell Heights is a 5 bedroom, 5 bathroom House with 3 parking spaces. The property has a land size of 693m2 and floor size of 177m2. While the property is not currently for sale or for rent, it was last sold in October 2025. There are other 5 bedroom House sold in Wavell Heights in the last 12 months.
Last Listing description (October 2025)
This exceptional property presents a rare opportunity for savvy investors seeking a high-income producing asset in one of Brisbane's most desirable growth suburbs - Wavell Heights.
Positioned on a generous 693m² block, this low-maintenance lowset brick home has been purposefully designed for rooming accommodation and currently returns an impressive $1,570 per week with five tenants on fixed-term leases.
Inside, the home offers five spacious bedrooms, each with its own bathroom, ensuring privacy and convenience for every tenant. The shared living zones are light-filled and inviting, featuring an open plan lounge and dining area alongside a modern, functional kitchen - the perfect communal hub. With three-car accommodation, the property is as practical as it is profitable.
While the existing floorplan is ideally suited to investors seeking maximum returns, there is also scope to reconfigure the home into a more traditional family residence in the future, adding further long-term value.
Located in a tightly held pocket of Wavell Heights, this property is underpinned by strong capital growth, outstanding rental demand, and proximity to schools, shopping, transport, and lifestyle amenities.
• 5 bedrooms, 5 bathrooms, 3 car spaces
• Currently achieving $1,570 per week rental return
• Generous 693m² block
• Low-maintenance brick construction
• Prime growth suburb - Wavell Heights
This is an investment opportunity that combines high immediate rental yields with exceptional future growth potential.
Property History for 29a Spence Rd, Wavell Heights, QLD 4012
- 16 Oct 2025Sold for $1,400,000
- 13 Jan 2025Listed for Sale For Sale
- 01 Feb 2021Listed for Rent $240 / week
Recent sales nearby
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0About Wavell Heights 4012
The size of Wavell Heights is approximately 4.1 square kilometres. It has 19 parks covering nearly 16.6% of total area. The population of Wavell Heights in 2016 was 9684 people. By 2021 the population was 10336 showing a population growth of 6.7% in the area during that time. The predominant age group in Wavell Heights is 30-39 years. Households in Wavell Heights are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Wavell Heights work in a professional occupation.In 2021, 71.30% of the homes in Wavell Heights were owner-occupied compared with 70.60% in 2016.
Wavell Heights has 4,278 properties. Over the last 5 years, Houses in Wavell Heights have seen a 92.51% increase in median value, while Units have seen a 98.60% increase. As at 31 December 2025:
- The median value for Houses in Wavell Heights is $1,552,283 while the median value for Units is $810,657.
- Houses have a median rent of $740 while Units have a median rent of $615.
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