42 Grayson Street

Positioned on a notably elevated 622m2 allotment in one of Morningside established inner-east pockets, this property enjoys a commanding position well above many surrounding streets, capturing breezes and a strong sense of openness rarely found in the area. Set within LMR2 zoning, the property presents exceptional flexibility for investors, land-bank buyers, renovators, or those exploring future redevelopment potential (STCA). The existing three-bedroom home is currently tenanted at $600 per week until November 2026, providing immediate holding income while future plans are considered. Located approximately 650 metres from Morningside Train Station, the property offers quick access to the Brisbane CBD, with cafes, shopping, schools, and lifestyle amenities all nearby. Key Features: Elevated 622m2 allotment Positioned noticeably higher than surrounding streets LMR2 zoning Existing three-bedroom home Tenanted at $600 per week until November 2026 Excellent holding income Strong future upside potential (STCA) Approximately 15 minutes to Brisbane CBD by train Morningside continues to experience strong long-term demand due to its accessibility, lifestyle appeal, and ongoing transformation within Brisbane inner east. ID:21173267