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Back 2/40 Redfern Street
Off Market

2/40 Redfern Street

Morningside QLD 4170

2
2
1
109 m²
Apartment
Meagan MuirMeagan Muir, last sold this property on 27 September 2025 after 53 days on market.

Overview

Investor Alert: Ground Floor Apartment with Secure Lease Until 2026

Offering immediate rental income and peace of mind, this ground-floor residence is an exceptional opportunity for investors seeking a low-maintenance property with a long-term lease already in place. Currently rented until August 2026, it provides secure returns in a sought-after lifestyle location. Positioned in a well-maintained complex, the residence immediately impresses with its direct street access and private courtyard; features that make it highly appealing to tenants and owners alike. The south-facing aspect ensures natural light fills the interiors, while the thoughtful design promotes ease of living and low-maintenance living. Inside, the property showcases stylish finishes, including tiled flooring in the main living zones, plush carpet in the bedrooms, and a calming neutral colour palette that enhances its sense of space and brightness. At the heart of the home, an open-plan living and dining area flows seamlessly into a contemporary kitchen fitted with quality appliances and ample storage. The accommodation includes two generously sized bedrooms, both with mirrored built-in robes. The master suite offers direct access to the courtyard, a private ensuite, and a tranquil garden outlook. The second bedroom enjoys its own balcony and is serviced by the main bathroom. Entertain with ease in the fully fenced courtyard with a covered patio, ideal for alfresco dining, barbecues, or simply unwinding outdoors. Secure car parking, intercom entry, a European-style laundry, and split-system air-conditioning complete the package, while pet owners will appreciate the convenient pet door providing courtyard access. Set in a prime Morningside location, the property is just moments from Wynnum Road's vibrant shopping and dining, the Morningside train station, city-bound bus stops, and the Hawthorne Ferry Terminal. Popular schooling options including Morningside State School, Balmoral State High, Lourdes Hill College, and Anglican Church Grammar are all within easy reach. For investors, the appeal is clear: a well-presented ground-floor residence, strong tenant demand, and a secure leased generating consistent income until 2026. With proximity to Bulimba's Oxford Street precinct and only a short commute to the Brisbane CBD, this property promises ongoing capital growth and reliable rental returns. Don't miss this exceptional opportunity secure your investment today. 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

2 bedrooms
2 bathrooms
1 carspace
109 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Morningside over the last 12 months, the estimated median property value of 2/40 Redfern Street is $827.5k.

Median value
$827.5k
Estimated value range
$275k - $941k
Median days on market
19
Estimated value trend
22%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Morningside. 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 2/40 Redfern Street

2026
Rented
Undisclosed
Leased on 11 Feb 2026 by Hugo Alexander Property Group Fortitude Valley
2025
Sold
Undisclosed
Private Sale/Treaty on 27 Sep 2025 by Meagan Muir, of Place Cannon Hill

Happy sellers in Morningside

86%
86% of sellers in Morningside reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 93 reviews in Morningside over the last 12 months.

Local market activity for 2 bedroom apartments in Morningside

In the last 12 months, 22 two-bedroom apartments similar to 2/40 Redfern Street, have been sold.

This represents a 4% decrease in two-bedroom apartments 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 Morningside

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Kylee Harnisch

Sellers who recommend Kylee Harnisch have praised them for being clear communication, local expert, responsive, honest, friendly, supportive and reliable

  •   5   (1038 reviews)
  •  110 Reviews in Morningside
  •  95 Sales in Morningside
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Meagan Muir

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

  •   5   (589 reviews)
  •  11 Reviews in Morningside
  •  18 Sales in Morningside
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Tony O'Doherty

Sellers who recommend Tony O'Doherty have praised them for being clear communication, local expert, honest, responsive, supportive, reliable and great negotiation

  •   4.9   (574 reviews)
  •  3 Reviews in Morningside
  •  8 Sales in Morningside
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Shannon Gordon

Shannon Gordon is a recommended agent for Morningside.  They have 4 local sales and collected 3 local reviews across the last 12 months.

  •   4.9   (76 reviews)
  •  3 Reviews in Morningside
  •  4 Sales in Morningside
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