Back 42 Prospect Terrace
Off Market

42 Prospect Terrace

St Lucia QLD 4067

2
2
2
607 m²
House
Last sold for $1,750,000
JoJo WuJoJo Wu, last sold this property on 30 June 2026 after 48 days on market.

Overview

Ultra Rare Approved Development Opportunity in Elite Blue-Chip Position

DA-Approved Opportunity Offering Exceptional Lifestyle & Investment Appeal This elevated 607m2 allotment offers enormous upside, appealing to developers, builders, investors and sophisticated buyers seeking strong long-term growth. The current approval allows for the creation of two 304m2 lots, each benefiting from an approx. 10.05 metres frontage each in a highly desirable leafy outlook. Positioned amongst established greenery, the property enjoys a peaceful setting with elevated suburban views and future potential to further capture the outlook from multiple new builds. Astute developers may look to capitalize low to medium density zoning and explore other development opportunities. The existing residence provides immediate liveability and holding income while future plans are progressed. Featuring two bedrooms, generous living areas, timber flooring, a functional kitchen, outdoor entertaining deck and a spacious backyard, the home offers flexibility for buyers looking to hold, rent, renovate or proceed with the approved development. Superbly located close to The University of Queensland, Ironside State School, St Lucia Village, local parks, public transport and the Brisbane River lifestyle, this address offers the perfect combination of lifestyle appeal, land value and development potential. Additional Features Include: - 607m2 allotment with 20.1m frontage - DA approved for two separate 304m2 lots - Low-Medium Density Residential zoning with increased building height potential - Potential to explore a range of residential development outcomes (STCA) - Existing residence offering immediate liveability and holding income - Charming 2-bedroom, 2 bathroom character home with two car accommodation - Walking distances to local shops, cafes, parks & bus stops - Within Ironside State School & Indooroopilly State High School catchments - Minutes from elite schools - St Peter's Lutheran College, BBC, QASMT, Bridigine and the University of Queensland - 4mins drive to Toowong Village and Toowong Station - 6mins drive to Indooroopilly Shopping Centre - Approx 6kms to the Brisbane CBD

Features

2 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
607 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in St Lucia over the last 12 months, the estimated median property value of 42 Prospect Terrace is $1.59m.

Median value
$1.59m
Estimated value range
$1.52m - $2.2m
Median days on market
33
Estimated value trend
0%
increase over the last 12 months
Average days on market is based on recent, comparable sales in St Lucia. 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 42 Prospect Terrace

2026
Sold
$1,750,000
30 Jun 2026 by JoJo Wu, of Brisbane Real Estate
2023
Sold
Undisclosed
Auction Sale on 01 Dec 2023 by Doug Disher, of Doug Disher Real Estate

Happy sellers in St Lucia

89%
89% of sellers in St Lucia reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 31 reviews in St Lucia over the last 12 months.

Local market activity for 2 bedroom houses in St Lucia

In the last 12 months, 4 two-bedroom houses similar to 42 Prospect Terrace, have been sold.

This represents a 150% decrease in two-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 St Lucia

or
Skip the list and find your ideal agent to sell your propertyFind My Agent
© 2026 RateMyAgent