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Back 1 & 2/3 Bridge Street
Off Market

1 & 2/3 Bridge Street

Ashgrove QLD 4060

5
2
2
0 m²
486 m²
House
Last sold for $1,300,000
Alex RutherfordAlex Rutherford, last sold this property on 20 July 2025 after 4 days on market.

Overview

Prime Ashgrove Post-War Duplex - Dual Income Opportunity

Discover this exceptional investment opportunity featuring two properties on one title in the heart of Ashgrove. This purpose-built post-war duplex showcases beautiful polished timber floors throughout and offers immediate rental returns with potential for future development, making it perfect for investors seeking both current income and long-term capital growth. Unit 1 presents a well-designed 2-bedroom layout with southern aspect positioning that ensures pleasant living conditions year-round. The unit features gorgeous polished timber flooring throughout, a full bathroom with stylish diamond-pattern feature tiling, plus separate W.C. for added convenience. The open-plan living and dining area flows seamlessly into a modern white kitchen with excellent storage and bench space, while large windows fill the space with natural light and leafy outlooks. Currently tenanted at $950 per fortnight, this unit provides reliable rental income with an established tenant base. Unit 2 offers more spacious accommodation with 3 bedrooms and boasts the same stunning polished timber floors throughout. The intelligent floorplan features a separate master bedroom positioned away from the other 2 bedrooms, providing excellent privacy and comfort for tenants. The unit includes its own full bathroom and the charming timber kitchen features classic cabinetry with ample storage and bench space, complemented by the property's characteristic post-war details including decorative ceiling features. Large windows throughout capture beautiful leafy views and flood the spaces with natural light. This unit is currently generating $960 per fortnight in rental income, contributing to a combined fortnightly return of $1,910 or $49,660 annually. The property sits on a generous 486m² block with established gardens featuring mature trees and low-maintenance lawns, providing excellent privacy and a peaceful setting. Additional features include a shared laundry facility on the ground floor and dual garage spaces for secure parking. The prime Ashgrove location is one of its greatest assets, positioned within walking distance of prestigious educational institutions including Marist College and Mt St Michael's College. Residents enjoy easy access to bus routes that provide direct connections to the city, making this an ideal location for families and professionals alike. The area's established reputation and convenient transport links ensure strong ongoing rental demand. For investors and developers, this property presents unique flexibility. The dual-income stream provides immediate returns while the substantial block and prime location offer potential for future redevelopment into a family home, subject to council approval. The combination of current performance and future potential, enhanced by the property's excellent presentation with beautiful timber floors and well-maintained interiors, makes it a rare find in today's competitive market. This is an outstanding opportunity to secure a well-positioned duplex in one of Brisbane's most desirable inner-city suburbs. Whether you're an investor seeking immediate returns or a developer looking for future potential, 3 Bridge Street represents exceptional value in the heart of Ashgrove, complete with the charm of post-war architecture and modern conveniences. Disclaimer: This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes

Features

5 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
0 m² floor area
486 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Ashgrove over the last 12 months, the estimated median property value of 1 & 2/3 Bridge Street is $2.49m.

Median value
$2.49m
Estimated value range
$1.3m - $4.15m
Median days on market
22
Estimated value trend
13%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Ashgrove. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 & 2/3 Bridge Street

2025
Sold
$1,300,000
Private Sale/Treaty on 20 Jul 2025 by Alex Rutherford, of Place Estate Agents - New Farm

Happy sellers in Ashgrove

88%
88% of sellers in Ashgrove reported that their sale price either exceeded or met their price expectations.

Ashgrove stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 55 reviews in Ashgrove over the last 12 months.

Local market activity for 5 bedroom houses in Ashgrove

In the last 12 months, 36 five-bedroom houses similar to 1 & 2/3 Bridge Street, have been sold.

This represents a 32% increase in five-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Ashgrove

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Brigette Righton

Brigette Righton is an award winning recommended agent for Ashgrove.  They have 19 local sales and collected 9 local reviews across the last 12 months.

  •   4.9   (190 reviews)
  •  9 Reviews in Ashgrove
  •  19 Sales in Ashgrove
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Caroline Brown

Sellers who recommend Caroline Brown have praised them for being local expert, clear communication, supportive, friendly, responsive, dedicated and honest

  •   5   (235 reviews)
  •  8 Reviews in Ashgrove
  •  10 Sales in Ashgrove
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Jeff Pickering

Sellers who recommend Jeff Pickering have praised them for being clear communication, local expert, friendly, honest, responsive, dedicated and supportive

  •   5   (98 reviews)
  •  11 Reviews in Ashgrove
  •  10 Sales in Ashgrove
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Jack Smith

Sellers who recommend Jack Smith have praised them for being local expert, clear communication, honest, responsive, dedicated, reliable and supportive

  •   5   (138 reviews)
  •  10 Reviews in Ashgrove
  •  2 Sales in Ashgrove
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