36 Grays Road, Hamilton QLD 4007
36 Grays Road, Hamilton QLD 4007
Large hilltop block | 2342 m² in Hamilton | 4-bed prestige house | Flood overlay noted | Rare landholding
This property’s competitive edge is the land itself. At 2342 m², it is one of the largest residential parcels in Hamilton, a suburb where detached houses typically sit on much smaller footprints. The 458 m² building offers generous family accommodation with four bedrooms, multiple living zones, and secure parking, but the true rarity is the elevated, flat-enough site that allows for future reconfiguration, extension, or a significant rebuild. This suits a buyer seeking a long-term family home with room to breathe, or someone with the patience to unlock the site’s full potential through renovation or redevelopment.
The flood overlay is the main factor to weigh. It may affect insurance costs, landscaping choices, and any future building approval, though it does not automatically preclude development. The property’s value is likely driven more by land scarcity and position than by the existing dwelling, which appears functional but not remarkable. Buyers should investigate the overlay’s practical impact on their intended use, and consider that the house’s current configuration may not justify a premium over the land value alone. The strong recent sales on the street for smaller parcels suggest the land component carries significant weight.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Grays Road, Hamilton QLD 4007
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Hamilton, in Brisbane’s inner ring, is a premium market with a median house price of $1,715,000 and median unit price of $711,000. Demand is led by affluent buyers prioritising high-end homes and lifestyle amenities, with sustainability features gaining weight. House prices grew 4.7% over the year; units grew 9.38%. Houses average 26 days on market, with 92 sales. Gross yields are 2.31% for houses and 4.56% for units, supported by weekly rents of $748 and $700. Queensland’s population growth and infrastructure investment underpin future demand, alongside renovation activity in older stock. The key constraint is rate sensitivity, leaving values exposed to interest rate increases and economic downturns.
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PropCred Estimated Value
Comparable Sales: 25 Grays Road sold $10M (2023, 589 m²) | 36a Grays Road sold $4.2M (2025) | Property Price Band: $7.5M–$8.5M | Value Drivers: land size, flood overlay, redevelopment potential
Bedrooms
4
Bathroom
4
Parking
2
Land
2342m²
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