‘Nothing done to it’: Ascot home nets owners $860,000 profit in a year

29 Ascot St, Ascot sold in an off-market sale for $4.71m. A Queensland house has outperformed most annual salaries eight times over – delivering a mammoth $860,000 profit in just over 12 months. The home in Ascot sold in an off-market sale this week for $4.71m. It comes despite a slowdown in the Brisbane real estate market, with cooling property prices and the balance between supply and demand swinging away from sellers after years of relentless competition. The $860,000 gain represented a 23 per cent rise in value. Nothing had been done to the home since it last sold. Property records reveal the sellers paid $3.85m in June, 2025 for the property at 29 Ascot St. The $860,000 gain represents a 23 per cent rise in value, despite no material changes being made to the home since its previous sale. Place Ascot director Drew Davies, alongside lead agent Carter Lagana, marketed the property — Mr Davies said the result came from having a strong pool of ready buyers. MORE NEWS: Sunset clause fail: One word ruins developer Aussie woman loses 15-yr fight for ex’s house Graya gets green light for landmark riverfront project The living area. “This home hadn’t been renovated,” Mr Davies said. “N...