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2 Springfield Street

Macgregor, QLD 4109, Australia
$4.30m
13 bed 4 bath 6 car4116m²

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Area Price Guide
$4.04m$4.56m

Indicative price guide range

🏘️
69
Comparable
📊
$1.38m
Area median
⚖️
+213%
vs median
📐
$1,045
Per m²
📏
4116 m²
Land
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

4,116m² MEDIUM-DENSITY DEVELOPMENT OPPORTUNITY | JUST LISTED An extraordinary landholding positioned in one of Brisbane's most connected and high-performing growth corridors, this 4,116m² medium-density development opportunity represents a rare chance to secure a large-scale site with holding income and long-term development upside. Comprising four adjoining titles with three street frontage: 2 Springfield Street, Macgregor - 2,140m² 2 Mintern Street, Macgregor - 582m² 4 Mintern Street, Macgregor - 683m² 6 Mintern Street, Macgregor - 711m² TOTAL SITE AREA: 4,116m² Location Highlights Walking distance to Westfield Garden City, one of Brisbane's premier retail and dining destinations Minutes to Griffith University, QEII Hospital, and major employment centres Excellent access to major arterial networks including M1 Motorway, Gateway Motorway, and Kessels Road Proximity to leading schools, childcare centres, and public transport Development Potential Zoned Medium Density Residential (Brisbane City Council) Suitable for apartments or townhomes (STCA) Increased building height limits allow developers to maximise design efficiency, outlook, and yield Expansive 4,116m² site area across four lots provides flexibility for staged development or larger-scale delivery Holding Income Strong combined rental income of approximately $300,000 per annum Multiple established assets provide immediate cash flow while planning or approvals are undertaken. Previous DA Approval The site previously held an approval for 95 apartments, comprising: • 8 - 1-Bedroom Apartments • 82- 2-Bedroom Apartments • 5- 3-Bedroom Apartments This proven concept underscores the site's suitability and potential for higher-density outcomes under current planning provisions. Summary A prime, income-producing development opportunity with unmatched accessibility and long-term growth fundamentals. Opportunities of this calibre within Brisbane's inner-south are exceptionally rare, presenting outstanding scope for developers, investors, and syndicates alike. FOR SALE NOW For further information or to arrange an inspection, please contact: Mark Smith

Property Features

    View full listing on Domain

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    Repayment calculator

    $20,846/month
    $10,423 /fortnight
    Loan $3,440,000 at 6.10% over 30 years

    Upfront costs

    Deposit$860,000
    Stamp duty$227,775
    Conveyancing (est.)$2,000
    Total upfront$1,089,775
    Verify with QLD revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    13
    Bathrooms
    4
    Parking
    6
    Land Area
    4116m²
    Listed
    2 months ago

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