335 Milton Road, Auchenflower, Qld 4066

$2,500,000

Block Of Units
Type
7
Bedrooms
6
Bathrooms
6
Parkings
824 m²
Area

Published on Monday, July 06, 2026 ( See property details for 335 Milton Road, Auchenflower, Qld 4066)

$2,500,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile and high-yielding investment property comprising six self-contained flats on a large 824sqm block in the sought-after Auchenflower suburb, with excellent development and rental potential.

🏡 Property Highlights

  • Prime location just over 2km from Brisbane CBD with excellent transport links
  • Impressive net rental income of $131,560 per annum with secure fixed leases
  • Six self-contained flats offering versatile rental options
  • Potential for yield improvement through minor renovations
  • Large land holding of approximately 824sqm with development potential under CR2 zoning
  • Close to schools, shops, cafes, and public transport including bus and train stations

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Secure Parking
  • Off street parking
  • Waterfront / Views
  • Home Office / Study
  • Ceiling Fans
  • High-Speed Ready (NBN)
  • Extra Storage (Shed/Linen)

Auchenflower is a highly sought-after Brisbane suburb known for its convenient location just over 2km from the CBD. It offers excellent public transport options, including bus routes and train stations, making commuting effortless. The area boasts a vibrant community with nearby cafes, shops, and schools, including Milton State School and Rosalie Village. Its character-filled streets and proximity to parks and recreational facilities make it ideal for both residents and investors seeking a thriving, accessible lifestyle.

What is the current rental income and lease status of the flats?
The property comprises six self-contained flats currently leased under secure fixed-term agreements, generating a combined net income of $131,560 per annum.
What development opportunities are available with this property?
The property is zoned CR2 – Character Residential (Infill Housing), offering potential for development or further subdivision subject to council approval.
Are there any restrictions or covenants affecting the property?
The property is subject to CR2 zoning, which permits infill housing, but specific restrictions or covenants should be confirmed with local council or a planning professional.
What are the approximate annual outgoings for rates and water?
The estimated outgoings for rates and water are approximately $4,500 per quarter.
Is there parking available for residents and visitors?
Yes, the property offers off-street parking with high-set timber construction providing parking underneath the building.
Are there any planned or upcoming developments in the area that could impact the property's value or livability? What are the zoning restrictions and are there any easements or covenants affecting the land? Are there any known issues with the property's structure, such as timber construction concerns or maintenance needs? Has the property been affected by flooding or bushfire risks, and what mitigation measures are in place? Are there any additional costs or fees associated with the property, such as strata or body corporate fees?

335 Milton Road, Auchenflower, Qld 4066 - More Details

$2,500,000

Type
Block Of Units
Bedrooms
7
Bathrooms
6
Parkings
6
Area
824 m²

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