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Back Lot 1/26 Penrose Avenue
Off Market

Lot 1/26 Penrose Avenue

Redland Bay QLD 4165

3
1
1
101 m²
325 m²
House
Last sold for $840,000
Samantha BarnsdaleSamantha Barnsdale, last sold this property on 09 March 2026 after 19 days on market.

Overview

Perfect for First Home Buyers & Investors!

What an incredible opportunity to enter the market, ideal for first home buyers looking to secure their future or investors seeking a solid addition to their portfolio. This well-presented property is ready to move straight into or rent out immediately. Perfectly positioned just minutes from Victoria Point, the location offers exceptional convenience with shopping centres, cinemas, cafés, restaurants, schools and public transport all within easy reach. Everything you need is right on your doorstep. Features include: • 3 bedrooms with ceiling fans • Central family bathroom with separate toilet • Open plan living and dining area with air conditioning • Functional kitchen with electric cooktop and oven • Covered outdoor entertaining area • Internal laundry • Security screens throughout • Single lock up car accommodation • 1 minute walk to Penrose Avenue park/playground • Rental appraisal approx. $620-$650 per week • Council rates approx. $1,000 per quarter • Built circa 1991 • School catchment for Victoria Point State School & Victoria Point State High School Redland Bay offers a vibrant lifestyle with a welcoming village atmosphere. Enjoy a round of golf at the award-winning Redland Bay Golf Course, lunch at the iconic Redland Bay Hotel, and the convenience of everyday essentials close by, including Woolworths, boutique shopping, schools, childcare centres, bus services, and a boat ramp providing easy access to Moreton Bay and its islands. The nearby satellite hospital and a full range of essential services further enhance the area's appeal. Perfectly positioned for commuters and weekend escapes alike, the property is approximately 45 minutes from Brisbane CBD, 40 minutes from Brisbane Airport, and 55 minutes from the Gold Coast.

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
101 m² floor area
325 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Redland Bay over the last 12 months, the estimated median property value of Lot 1/26 Penrose Avenue is $965k.

Median value
$965k
Estimated value range
$707.5k - $1.58m
Median days on market
23
Estimated value trend
20%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Redland Bay. 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 Lot 1/26 Penrose Avenue

2026
Sold
$840,000
09 Mar 2026 by Samantha Barnsdale, of Redlands Coast Properties

Happy sellers in Redland Bay

91%
91% of sellers in Redland Bay reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 194 reviews in Redland Bay over the last 12 months.

Local market activity for 3 bedroom houses in Redland Bay

In the last 12 months, 65 three-bedroom houses similar to Lot 1/26 Penrose Avenue, have been sold.

This represents a 12% decrease in three-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 Redland Bay

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Matt Tennant

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

  •   4.9   (359 reviews)
  •  33 Reviews in Redland Bay
  •  25 Sales in Redland Bay
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Nyree Ewings

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

  •   4.9   (1200 reviews)
  •  22 Reviews in Redland Bay
  •  22 Sales in Redland Bay
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Lauren Rowe

Sellers who recommend Lauren Rowe have praised them for being local expert, clear communication, responsive, supportive, friendly, pleasant and honest

  •   5   (265 reviews)
  •  19 Reviews in Redland Bay
  •  18 Sales in Redland Bay
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Cooper Rowe

Cooper Rowe is a recommended agent for Redland Bay.  They have collected 17 local reviews across the last 12 months.

  •   5   (106 reviews)
  •  17 Reviews in Redland Bay
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