2 Peterson StreetWoolloongabba QLD 4102
Property Details for 2 Peterson St, Woolloongabba
2 Peterson St, Woolloongabba is a 2 bedroom, 2 bathroom House with 2 parking spaces and was built in 1920. The property has a land size of 539m2 and floor size of 189m2. While the property is not currently for sale or for rent, it was last sold in May 1999.
Last Listing description (August 2026)
Commanding the highest elevated position atop prestigious Gabba Hill, this renovated Queenslander presents a rare opportunity to secure a prime inner-city holding with strong immediate income and an exceptional long-term upside. Currently leased at $1,200 per week ($62,400 per annum) on a 12-month agreement (would love to stay on after that as well), the property offers secure returns from day one - making it ideal for investors, SMSF buyers, or strategic land bankers seeking a premium position in a high-growth precinct with excellent school catchment and transport/infrastructure precinct.
Located within walking distance to the Mater Hospital, South Bank and the Woolloongabba dining and lifestyle precinct, and positioned in the prized catchments for Brisbane State Secondary College and Dutton Park Primary School, this is an address underpinned by enduring demand. With Cross River Rail transforming the immediate area, future connectivity will only strengthen capital growth prospects.
Character & Quality Above
Soaring 13ft VJ ceilings
Polished pine floorboards
French doors to wraparound verandahs
Decorative fretwork and coloured glass
Ducted air-conditioning throughout
Open-plan living flows seamlessly to an elevated L-shaped verandah, while the designer kitchen features stone benchtops, gas cooking, quality appliances and a walk-in pantry with backyard outlook. Two generous bedrooms plus a fitted dressing room completes the upper level, along with a rear entertaining deck capturing sparkling city views.
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Flexible Lower Level:
Internal stairs connect to a versatile lower level offering:
Two separate areas with exterior windows and built ins
Expansive air-conditioned and tiled area
Stylish modern bathroom with statement egg bath and separate shower
Double garage with secure internal access
(Please note: the lower level does not meet legal height requirements; however, it provides substantial additional living flexibility.)
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Rare 550sqm Inner-City Landholding:
Set on a level 550sqm allotment - an increasingly scarce offering this close to the CBD - the property provides a flat grassed backyard and strong long-term redevelopment or enhancement potential (STCA).
Secure additional off-street parking further enhances practicality.
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Invest, Land Bank or Secure for the Future
Currently leased at $1,200 per week ($62,400 per annum) on a 12-month agreement (would love to stay on after that if offered), the property offers secure returns from day one - making it ideal for investors, SMSF buyers, or strategic land bankers seeking a premium position in a high-growth precinct with excellent school catchment and transport/infrastructure precinct.
With quality tenants in place, blue-chip school catchments, major infrastructure investment nearby, easy walk into Southbank and a substantial land component, this is a strategic acquisition in one of Brisbane's most dynamic inner-city growth corridors.
Property History for 2 Peterson St, Woolloongabba, QLD 4102
- 23 Jul 2026Listed for Sale Best Offer over $2.3m
- 05 Mar 2026Listed for Sale Best Offer over $2.3m
- 09 Aug 2024Listed for Rent $1,300 / week
Recent sales nearby
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About Woolloongabba 4102
The size of Woolloongabba is approximately 2.5 square kilometres. There are 10 parks, covering nearly 2.5% of the total area. The population of Woolloongabba in 2016 was 5631 people. By 2021 the population was 8687 showing a population growth of 54.3% in the area during that time. The predominant age group in Woolloongabba is 20-29 years. Households in Woolloongabba are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Woolloongabba work in a professional occupation.In 2021, 26.40% of the homes in Woolloongabba were owner-occupied compared with 31.70% in 2016.
Woolloongabba has 5,449 properties. Over the last 5 years, Houses in Woolloongabba have seen a 40.80% increase in median value, while Units have seen a 87.54% increase. As at 31 August 2026:
- The median value for Houses in Woolloongabba is $1,520,313 while the median value for Units is $861,476.
- Houses have a median rent of $780 while Units have a median rent of $720.
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