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1/68 Cambridge St

Red Hill QLD 4059

5
2
House
Currently for sale - view listing

Overview

Renovated Inner-City Cottage with Outstanding Income Potential

Combining traditional character with a flexible dual-level configuration, this renovated inner-city cottage presents an outstanding opportunity for owner-occupiers and investors alike. With the potential to generate approximately $80,000 per annum, the property presents an outstanding income-producing opportunity in one of Brisbane's most convenient inner-city locations. The home is configured for rooming accommodation across two levels, providing flexibility to lease individual rooms or separate areas of the property. Owner-occupiers may choose to live upstairs while generating income from the fully self-contained accommodation downstairs. Investors can take advantage of the strong demand for student accommodation and inner-city rentals, with multiple leasing options and excellent access to Kelvin Grove, the CBD, public transport and surrounding education facilities. Property Highlights • Non Strata Titled with no body corporate fees • Renovated character cottage • Potential rental income of approximately $80,000 per annum • Flexible rooming accommodation configuration • Five bedrooms across two levels • Fully self-contained accommodation downstairs • Multiple living and communal areas • Character features throughout • Low-maintenance inner-city property • Located within the Kelvin Grove State College catchment • Walking distance to cafe's, shops and public transport • Convenient access to the CBD, QUT Kelvin Grove and leading private schools • Ideal for investors, student accommodation providers or owner-occupiers seeking additional income Currently Fully leased with fixed term agreements Room 1- $320/wk Room 2 - $320/wk Room 3 - $310/wk Room 4 - $280/wk Room 5 - $295/wkl Offering character, flexibility and considerable earning potential, this is a rare inner-city opportunity with multiple options for living, leasing and investing. Auction 30th September Ray White Paddington In Room Auctions 157 Given Terrace, Paddington * Where properties are being sold without a price, in accordance with government regulations a price guide cannot be provided. Please also note that the website being viewed may have filtered the property into a price bracket for functionality purposes. * Land dimensions are sourced from Pricefinder & B.C.C and should be used as a guide only

Features

5 bedrooms
2 bathrooms
House

Property history for 1/68 Cambridge St

2025
Rented
Undisclosed
Leased on 29 May 2025 by Elevate Estate Agents
2020
Sold
Undisclosed
Private Sale/Treaty on 06 Feb 2020 by Mathew Abboud, of Ray White Paddington QLD

Happy sellers in Red Hill

76%
76% of sellers in Red Hill reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 14 reviews in Red Hill over the last 12 months.

Local market activity for 5 bedroom houses in Red Hill

In the last 12 months, 10 five-bedroom houses similar to 1/68 Cambridge St, have been sold.

This represents a 34% increase in five-bedroom houses sales when compared to the previous 12 months.

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