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1 Fifer Street, Eastern Heights, Qld 4305

$812,000

House

Type

Bedrooms

Bathrooms

Parkings

1,148 m²

Area

Last updated on Tuesday, July 21, 2026 ( See property details for 1 Fifer Street, Eastern Heights, Qld 4305)

$812,000

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Bryce Lee Sales Consultant and Head of Sales Training

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AI Property Insight

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

A historic Queenslander in Eastern Heights offering immediate income, stunning views, and exceptional renovation potential.

🏡 Property Highlights

Prime elevated position with sweeping views and breezes near Limestone Park
First time offered in over 50 years, a rare generational asset
Currently configured as four fully leased flats providing immediate income
Grand Queenslander architecture with traditional features and character
Potential for restoration to a magnificent single-family estate
Excellent location in sought-after Eastern Heights close to amenities

✨ Key Features

Open-Plan Living
Balcony
Built-in Robes
Outdoor Area
Waterfront / Views
Home Office / Study
Security Screens / Gates
Fly Screens
Extra Storage (Shed/Linen)
Internal Laundry

Suburb and Property Insights of Eastern Heights, QLD 4305

Eastern Heights is a highly desirable suburb renowned for its character homes, proximity to top schools, cafes, and medical precincts. The area offers a vibrant community atmosphere, scenic green spaces including Limestone Park, and excellent transport links, making it ideal for families, professionals, and investors seeking a lifestyle with convenience and charm.

Frequently Asked Questions

What is the current condition of the property?

The property is in need of renovation and repair, offering a blank canvas for restoration.

Can the flats be converted into a single-family home?

Yes, the property offers potential to restore and reconfigure the flats into a single-family estate, subject to council approval.

What is the rental income generated by the flats?

The four fully leased flats generate a gross annual income of $57,720.

Are there any planning or zoning restrictions?

Potential buyers should verify zoning and planning regulations with local authorities to confirm development options.

What are the views and outlook from the property?

The property offers sweeping elevated views and breezes, enhancing its appeal and character.

What to ask about this property to agent?

Are there any hidden costs associated with renovating or restoring the property? Has the property been inspected for structural issues or pests? Are there any easements, covenants, or planning restrictions affecting the property? Is the property located within a flood or bushfire risk zone? Are there any upcoming planning or development proposals in the area that could impact the property’s value or character? What are the strata or body corporate considerations, if any? Are there any existing warranties or guarantees on the property’s features? Has the property been tested for asbestos or other hazardous materials? Are there any noise or nuisance issues from neighboring properties? What are the costs involved in restoring the property to its full potential?

1 Fifer Street, Eastern Heights, Qld 4305 - More Details

$812,000

Open Home Saturday 11th July 2026 - Please register your interest prior to attending.

The Ultimate Value-Add Opportunity Near Limestone Park
Offered to the market for the first time in over half a century, 1 Fifer Street presents an extraordinary, blue-chip opportunity for astute investors and visionary renovators. Perched in a tightly held, elevated pocket of Eastern Heights, this grand, character-filled Queenslander boasts sweeping views and unparalleled potential.

Currently configured as four individual, fully leased flats, the property provides immediate, reliable holding income while you plan your next move. Whether your goal is to landbank a high-yield asset or undertake a breathtaking restoration back to a magnificent single-family estate, the upside here is immense.

Property Highlights:
- Prime Elevated Position: Situated in a highly sought-after street just moments from the iconic Limestone Park, offering beautiful elevated breezes and views.
- First Time Offered in 50 Years: A rare generational asset with a proud history, ready for its next chapter.
- Immediate Income Stream: Configured as 4 self-contained, fully rented flats generating a gross return of $57,720 per annum.
- Grand Architecture: Classic Queenslander features including traditional VJ walls, high ceilings, verandah space, and timeless character details waiting to be revived.
- Features synonymous with Brockwell-Gill architecture, although the homes origins unconfirmed.
- Blank Canvas Potential: The home is in need of renovation and repair, offering the ultimate reward for those willing to roll up their sleeves and restore it to its former glory.

Location & Lifestyle
Eastern Heights remains one of Ipswich's most desirable suburbs, prized for its character homes, proximity to top-tier schooling, cafes, and medical precincts. With Limestone Park practically on your doorstep, you have premier sporting facilities, walking tracks, and green space just a short stroll away.

Auction Details
Date: Saturday, 18th July 2026
Time: 12:00 PM On-Site
Note: This property will be sold at auction unless sold prior.

Bring your toolbelt, your architect, and your imagination. Properties of this scale, position, and income capacity are virtually unheard of in today's market. Inspect today and secure your future project!

Disclaimer:
NGU Real Estate | The Kimmorley Group has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Type: House
Bedrooms: 4
Bathrooms: 4
Parkings: 3
Area: 1,148 m²
House Size: 250 m²

Map & nearby places — 1 Fifer Street, Eastern Heights, Qld 4305

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Email Enquiry To NGU Real Estate Ripley - The Kimmorley Group

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Leanne Arifovic

Bryce Lee

1 Fifer Street, Eastern Heights, Qld 4305

$812,000

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