BLUE-CHIP UPPER MT GRAVATT Positioned in one of Brisbane's most tightly held and rapidly evolving pockets, 42 & 40 Archer Street, Upper Mount Gravatt present a rare chance to secure two adjoining properties offered together or separately with a clear upside for developers, land-bankers, and strategic buyers. Combined, the site offers 972m² of premium land in a high-demand growth corridor. Each block is 486m², sitting side by side to create a clean, highly usable parcel something that's becoming increasingly difficult to find in this area. Opportunities like this, where neighbouring properties align at the same time, are extremely rare. While both can be purchased individually, the real value is in securing the full site and taking control of the entire 972m². The existing homes include a 3-bedroom property at 40 Archer Street and a 3-bedroom home at 42 Archer Street. Both are very liveable and rentable as they are, providing the option to generate holding income while future plans are considered. The location is a major part of the appeal. You're just minutes from Westfield Mt Gravatt, close to The Village Upper Mount Gravatt, and within easy reach of the Brisbane CBD. Mount Gravatt Lookout is nearby, along with a range of well-regarded schools including Wishart State School, Upper Mount Gravatt State School, and Clairvaux MacKillop College. Market Square Sunnybank and its dining precinct are also close by, with convenient access to major roads and transport links. This is the kind of location that continues to see strong buyer and tenant demand, making it well suited to both development (STCA) and long-term holding. Most sites like this require time, negotiation, and the challenge of bringing multiple owners together. Here, that work has already been done. Two side-by-side blocks, aligned and ready, in a high-demand suburb offering a straightforward opportunity for those who recognise the upside. Buy one or secure both. Sellers are open to discussions, but opportunities like this don't come around often. Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood & Shailer Park by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.
RealistIQ deal score
Neutral value signal
37
/100
Review the estimated value range, comparable sales, suburb trends, and market signals for 42 Archer Street, Upper Mount Gravatt before you inspect or make an offer.
Independent price check
Estimate vs market price guide
Market price guide is $48,000 below RealistIQ estimate
Use this as a second opinion and check the comparable sales below.
RealistIQ estimate range: $813,000 - $1,333,000Wider ranges mean more uncertainty.
RealistIQ estimate$1,073,000
Market price guide$1,025,000
$813,000$1,333,000
12-month Property Outlook
What could this property be worth in 12 months if the local trend continues?
See Momentum and Stable modelled scenarios for this property.
