A weathered Queenslander in Albion fetched $1.753 million after buyers competed for the chance to take on the original-condition home.
Read: Historic 1906 Ascot Estate Hits The Market After Almost 60 Years
The property at 17 Stoneleigh Street, Albion, went under the hammer on September 5, with eight bidders registering and five taking part in the auction.
A major attraction was the 764-square-metre block beneath the home. The elevated site, which has city glimpses, came with a four-bedroom, two-bathroom Queenslander and scope for renovation. The property is about 5km from Brisbane’s CBD, with Albion rail station, local bus services, shops, cafes, and schools among the nearby amenities.
A renovation project with plenty of character
The home was being sold as a deceased estate and remained largely untouched. Inside, it retained many of its original features, including timber flooring, high ceilings, VJ walls, fireplaces, fan lights, and a central hallway.
The property was being offered as a renovation project, with the listing describing it as an opportunity for renovators, builders, and home buyers to restore and renovate. The successful buyer, who is based on the Gold Coast, is returning to Brisbane and intends to carry out a full renovation over the next few years.
That renovation potential was put to the test during a tightly contested auction. Bidding opened at $1 million and initially moved in $100,000 increments before slowing at about $1.5 million. The remaining bidders continued with smaller increases, including $1,000 and $5,000 bids.
Read: What Makes Dunaverty One of Albion’s Most Fascinating Heritage Homes?
Selling agent Kim Olsen of Ray White Collective said about $30,000 was added through a series of $1,000 bids as the remaining bidders continued competing. Most of the registered bidders were families, while the underbidders were a family who had recently sold their home one street away.
The property also offered two-car parking, secure utility storage beneath the house and access to nearby parks, walking tracks and the northern bikeway, according to the listing. The $1.753 million result underlined the level of competition for the property despite its need for renovation.
The new owner now has several years of renovation ahead as they work to restore and reshape the ageing Albion Queenslander.
Published 8-September-2026
