FOR SALE
OFF MARKET OPPORTUNITY

37-39 Glennie Street
Drayton QLD 4350

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 3925m2
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Exceptional Development Ready Site - 19 Unit DA in Place

Investment Opportunity:
Unlock the potential of this prime development site with DA approval for 19 units across two stages. The property already generates a great ongoing rental return paying off the holding costs!
Within minutes from USQ, it will be a greatp roject for student accomodation or for selling. Townhouses in the area can go anywhere from $480,000- $550,000 so the feasibility will check out perfectly.
37 Glennie Street is located in an elevated position on a 3,925m², with a gentle slop from North West to South East, providing a natural flow to the street frontage. The current plans have been thoughtfully planned, with an approval in place for 19 townhouses, each featuring between 136-147m² of floor space between 3 built-in bedrooms, 2 bathrooms with ensuite, open plan living/dining space, and single lock-up garage with second carparking space per unit. We have recent sales data and rental data to suggest the likely value in the current market for a brand-new unit of the proposed size that we can provide upon request - providing an understanding of the project value if you were to sell or lease the final product.
Lifestyle Opportunity:
Situated in a high-growth area close to UniSQ, primary schools, shops, and recent additions of an Ambulance and Fire Station, this location promises convenience and growth potential. With the CBD just under 15 minutes away, you can enjoy easy access to city amenities while relishing the tranquility of suburban living. The property is nestled on a sprawling 3,925sqm level block, providing ample space for relaxation and recreation. The house is fenced separately, ensuring privacy and security for you and your family.
The property is perfectly positioned to take advantage of the growing Toowoomba community, with easy access to local shops and eateries, CBD, local schools and new infrastructure projects in the Toowoomba region:
- Approximately 15 minutes to Toowoomba CBD
- 1km to Woolworths Drayton & newly approved Healthcare Centre on Brisbane Street
- 1km to Drayton State School and 4km to Harristown State High School
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Property Details for 37-39 Glennie St, Drayton

37-39 Glennie St, Drayton is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 3925m2. The place is currently for sale with Ray White Rochedale.

Building Type
House
Land Size
3925m2

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About Drayton 4350

The size of Drayton is approximately 10.5 square kilometres. It has 15 parks covering nearly 9.7% of total area. The population of Drayton in 2011 was 1,608 people. By 2016 the population was 1,721 showing a population growth of 7.0% in the area during that time. The predominant age group in Drayton is 20-29 years. Households in Drayton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drayton work in a trades occupation. In 2011, 59.2% of the homes in Drayton were owner-occupied compared with 59.9% in 2016.

Drayton has 1,178 properties. Over the last 5 years, Houses in Drayton have seen a 95.46% increase in median value, while Units have seen a 58.10% increase. As at 31 October 2024:

  • The median value for Houses in Drayton is $671,226 while the median value for Units is $396,503.
  • Houses have a median rent of $450 while Units have a median rent of $445.
There are currently 10 properties listed for sale, and 5 properties listed for rent in Drayton on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Drayton.

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Syed Ali
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Sunny Singh
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Ray White Rochedale
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