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Back 29A Spence Road
Off Market

29A Spence Road

Wavell Heights QLD 4012

5
5
3
177 m²
693 m²
House
Last sold for $1,400,000
Elliot Herford-SmithElliot Herford-Smith, last sold this property on 15 October 2025 after 21 days on market.

Overview

Investors Dream Returning $1,570 Per Week in Prime Wavell Heights Location

This exceptional property presents a rare opportunity for savvy investors seeking a high-income producing asset in one of Brisbane's most desirable growth suburbs - Wavell Heights. Positioned on a generous 693m² block, this low-maintenance lowset brick home has been purposefully designed for rooming accommodation and currently returns an impressive $1,570 per week with five tenants on fixed-term leases. Inside, the home offers five spacious bedrooms, each with its own bathroom, ensuring privacy and convenience for every tenant. The shared living zones are light-filled and inviting, featuring an open plan lounge and dining area alongside a modern, functional kitchen - the perfect communal hub. With three-car accommodation, the property is as practical as it is profitable. While the existing floorplan is ideally suited to investors seeking maximum returns, there is also scope to reconfigure the home into a more traditional family residence in the future, adding further long-term value. Located in a tightly held pocket of Wavell Heights, this property is underpinned by strong capital growth, outstanding rental demand, and proximity to schools, shopping, transport, and lifestyle amenities. • 5 bedrooms, 5 bathrooms, 3 car spaces • Currently achieving $1,570 per week rental return • Generous 693m² block • Low-maintenance brick construction • Prime growth suburb - Wavell Heights This is an investment opportunity that combines high immediate rental yields with exceptional future growth potential.

Features

5 bedrooms
5 bathrooms
3 carspaces
3 garage spaces
177 m² floor area
693 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Wavell Heights over the last 12 months, the estimated median property value of 29A Spence Road is $2.45m.

Median value
$2.45m
Estimated value range
$1.4m - $3.7m
Median days on market
30
Estimated value trend
20%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Wavell Heights. 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 29A Spence Road

2026
Rented
Undisclosed
Leased on 20 Apr 2026 by Property Street Real Estate
2026
Rented
Undisclosed
Leased on 08 Mar 2026 by Property Street Real Estate
2025
Sold
$1,400,000
15 Oct 2025 by Elliot Herford-Smith, of Ray White Wilston

Happy sellers in Wavell Heights

85%
85% of sellers in Wavell Heights reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 25 reviews in Wavell Heights over the last 12 months.

Local market activity for 5 bedroom houses in Wavell Heights

In the last 12 months, 49 five-bedroom houses similar to 29A Spence Road, have been sold.

This represents a 4% decrease 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 Wavell Heights

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Stefan Blee

Sellers who recommend Stefan Blee have praised them for being local expert, clear communication, supportive, honest, friendly, trustworthy and responsive

  •   5   (132 reviews)
  •  12 Reviews in Wavell Heights
  •  19 Sales in Wavell Heights
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Ryan Hoelzl

Sellers who recommend Ryan Hoelzl have praised them for being clear communication, local expert, reliable, honest, supportive, responsive and great negotiation

  •   4.9   (106 reviews)
  •  4 Reviews in Wavell Heights
  •  2 Sales in Wavell Heights
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Tyson Clarke

Tyson Clarke is a recommended agent for Wavell Heights.  They have 2 local sales and collected 3 local reviews across the last 12 months.

  •   5   (219 reviews)
  •  3 Reviews in Wavell Heights
  •  2 Sales in Wavell Heights
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Cara Bergmann

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

  •   4.9   (1574 reviews)
  •  4 Reviews in Wavell Heights
  •  1 Sale in Wavell Heights
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