12 Wickham Street, Morningside QLD 4170
12 Wickham Street, Morningside QLD 4170
Post-war house | 752 sqm LMR2 zoned land | 24.38 m frontage | Walk to station and shops | Redevelopment upside
This is a competitively rare holding for Morningside. The combination of a wide 24-metre frontage, a 752 sqm parcel, and low-medium density zoning places it in a different class from the compact townhouses and units that dominate nearby listings. The post-war house offers immediate livable accommodation, but the true strength lies in the land’s flexibility—whether for a future renovation, a new dwelling, or a higher-density project, subject to council approval. Positioned within walking distance of the train station, supermarkets, and cafés, and inside sought-after school catchments, it serves owner-occupiers wanting inner-east convenience and developers seeking infill potential in a tightly held suburb.
Value may be shaped by the condition of the existing dwelling, which is not fully detailed, and the final surveyed lot size, pending council plan sealing. The LMR2 zoning could support multiple outcomes, but any redevelopment depends on council codes and site-specific constraints. The wide frontage and near-CBD location are likely to attract strong interest from both families and investors, though the older structure might require capital for upgrades or replacement. Market timing and buyer competition in this pocket could also influence final price, given limited turnover of similar land-rich sites.
Detailed Independent Property Report prepared by PropCred Analyst team for 12 Wickham Street, Morningside QLD 4170
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Morningside is an established inner-Brisbane suburb, tightly held with 16 parks and a 12.2% population jump since 2016. Demand comes from high-income professional couples, mostly owner-occupiers with mortgages. House prices have flattened: medians range $1.3M–$1.54M, growth 1.8–3.2% annually, selling in ~20 days. Units are outperforming, rising 16–17.6% to a median near $870k–$910k, as buyers seek lower entry points. Over five years, houses gained 71% and units 102%, and KPMG’s 11% Brisbane price forecast through 2026 points to continued appreciation. Key constraints are affordability and rate sensitivity: 68% of owners hold mortgages, and the unit rally signals price resistance at the top of the house market. With only 121–173 house sales per year, thin supply may intensify both upside and downside moves.
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PropCred Estimated Value
Comparable Sales: 3 Wickham Street sold Jul 2025; 2/41-45 Wickham Street townhouse listed above $980,000 | Property Price Band: $1.2M–$1.3M | Value Drivers: Land size and frontage, zoning flexibility, proximity to transport and retail
Bedrooms
4
Bathroom
2
Parking
2
Land
752m²
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