3/50 High Street, Toowong, QLD 4066

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Sold

Sold for $265,000 (Oct 18, 2021)

Everything at your doorstep!

This is the first one bedroom in the complex to hit the market since 2006 and that shows they’ve performed well for their owners returning strong yields, extremely low vacancy rates and capital growth.

This first-floor apartment has recently been painted and carpeted, is furnished and ready to go! A new tenant has already signed a 12 month lease which is due to start in November for $340 per week! Positioned down the road from the Toowong Village you have quick access to trains and busses to the city plus there’s the option to catch a CityCat into the CBD!

With the long awaited ‘Aviary’ development getting underway across the road at the old Toowong Woolworths site you’re sure to benefit from the $450m project which will include a cinema, a host of new food & shopping options plus a large open-air public space that will lift the appeal of the Toowong business district.

Features:

Recently painted and carpeted

Apartment will be sold fully furnished

Modern finish with nothing left to do

Tiled balcony, large enough for entertaining

Affordable inner-city property

Secure entrance

Complex painted last year

On-site visitor parking

Across the road from Toowong Village

Close to trains, busses and the CityCat

Low maintenance

BCC: $416 per quarter

Body Corp: $2,588.4 per year

- $1294.2 Admin Approx

- $1294.2 Sinking Approx

Sinking fund: $39,600

Current Lease: $300 P/W till 23/11/22

Next Lease: $340 P/W till 30/11/22

Built: Circa 2003

Units in Complex: 20

Size: 70m2

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Property Info:
  • Property ID: L1826781
  • Property Type: Unit
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R&H Suburb Profile: Toowong

R&H Suburb Summary Houses
Number of sales 104
Average Price $1,557,298
Median Price $1,370,000
Median Rental Price $583 p.w.
Change in Rental Rate (5yr) 10 %
R&H Suburb Summary Units
Number of sales 304
Average Price $539,009
Median Price $475,750
Median Rental Price $430 p.w.
Change in Rental Rate (5yr) 7 %
Toowong, QLD - Median Trend
$1,370,000