440 Waterworks, Ashgrove, Qld 4060

For Sale

House
Type
7
Bedrooms
2
Bathrooms
4
Parkings
865 m²
Area

Last updated on Friday, April 24, 2026 ( See property details for 440 Waterworks, Ashgrove, Qld 4060)

For Sale

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

A versatile historic Queenslander on a spacious 865m² block in Ashgrove, offering dual living, strong income, and future development potential.

🏡 Property Highlights

  • Rich history as a turn-of-the-century Queenslander with character appeal
  • Configured into two self-contained flats providing strong income stream
  • Generous 865m² allotment with over 30 meters of frontage in a blue-chip location
  • Flexible property suitable for investment, dual living, or future redevelopment (STCA)
  • Prime position close to Ashgrove West shopping, schools, and parkland
  • Potential for renovation or reconfiguration to create a dream home

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Waterfront / Views
  • Home Office / Study
  • Ceiling Fans
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)

Ashgrove is a highly sought-after Brisbane suburb known for its leafy streets, excellent schools, and vibrant community. It offers a perfect blend of historic charm and modern amenities, with easy access to the CBD. The area features a variety of parks, cafes, and shopping precincts, making it ideal for families and professionals alike. Its strategic location and strong community vibe make Ashgrove a premier choice for both living and investing.

What is the current rental income generated by the two flats?
The property currently delivers a strong and consistent income stream, with a gross return of approximately 4%, though specific rental figures can be obtained upon inquiry.
Are there any restrictions or approvals required for future redevelopment or reconfiguration?
Any future redevelopment or reconfiguration would require approval from the local council and must comply with zoning and planning regulations (STCA).
What is the condition of the property and its suitability for renovation?
The Queenslander retains its historic charm and offers potential for renovation or reconfiguration, subject to necessary approvals and inspections.
Is the property flood or bushfire prone?
The property’s specific flood and bushfire risk status can be confirmed through local council and planning authorities.
Are there any ongoing strata or body corporate fees?
As a standalone house on a large block, this property is not subject to strata or body corporate fees.
Are there any hidden costs associated with the property's current configuration or potential redevelopment? Has the property been inspected for structural issues or historical defects? Are there any easements, covenants, or zoning restrictions affecting the property? What are the planning controls and development restrictions in the area? Is there any nearby construction or planned development that could impact the property’s value or livability? Are there any known environmental risks such as flooding or bushfire zones? What are the council rates and any additional levies applicable to the property? Are there any existing warranties or guarantees on recent renovations or works? Is the property compliant with all building codes and regulations? What are the terms of the current lease agreements, and when are they due for renewal?

440 Waterworks, Ashgrove, Qld 4060 - More Details

For Sale

Type
House
Bedrooms
7
Bathrooms
2
Parkings
4
Area
865 m²

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