FOR SALE
Buyer interest above $1,650,000

28 Pascoe Lane
Harlaxton QLD 4350

Bedrooms: 11
Bathrooms: 6
Car spaces: 6
Land area: 1211m2
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Low maintenance unit complex in Downlands precinct

Ray White Toowoomba is excited to present this fantastic opportunity for astute investors. This four-unit complex located within the Downlands precinct boasts a solid gross return of $89,960 per annum.
Built in the early 2000s, the brick complex is in excellent condition and offers a low-maintenance investment option for potential buyers. The units are fully tenanted providing a stable rental income and are conveniently situated near schools, shops, and public transport.
Unit 1 and 2 are both 2-bedroom, 1-bathroom residences, with each also having a single lock-up garage. Both units are currently tenanted, with Unit 1 renting for $390 per week and Unit 2 renting for $370 per week.
Unit 3 is a 3-bedroom, 2-bathroom apartment with a double lock-up garage. Providing plenty of space, this unit is great for growing families or those after extra room. This unit is currently tenanted for $460 per week.
Unit 4 is a two-storey, 4-bedroom, 2-bathroom home. With a large double lock-up garage and an expansive floorplan, this property is perfect for bigger families. Currently tenanted for $550 per week, this unit offers the highest rental return in the complex.
Each unit has their own private courtyard, providing residents with outdoor space to enjoy. All units also have modern conveniences such as air conditioning, dishwashers and automatic garage doors for added simplicity and ease.
Situated east of Ruthven Street, the location of this complex makes it highly desirable for both tenants and potential buyers. For those with school-aged children, 28 Pascoe Lane is just a 4-minute drive from Downlands College, and is located within the catchment of both Harlaxton State School and Toowoomba State High School. Other nearby schools include Good Samaritan College, Sacred Heart Primary School, and St Ursula's College.
Shopping options also abound with Northpoint Shopping Centre a short 3-minute drive from the complex. The area is surrounded by green space, with Griffith Park to the west and Horn Park to the east. Travelling slightly further east you'll find the stunning Mount Lofty Lookout and the Boyce Gardens Rainforest.
The complex has a number of public transport options nearby, with the main Ruthven Street just a 5-minute walk away. 28 Pascoe Lane is a short, 8-minute drive from the Toowoomba CBD, with all the fun and excitement Toowoomba City has to offer at your fingertips.
Buyer inspection reports will be available upon enquiry.
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Property Details for 28 Pascoe Lane, Harlaxton

28 Pascoe Lane, Harlaxton is a 11 bedroom, 6 bathroom BlockOfUnits with 6 parking spaces. The property has a land size of 1211m2. The place is currently for sale with Ray White Toowoomba.

Building Type
BlockOfUnits
Land Size
1211m2

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About Harlaxton 4350

The size of Harlaxton is approximately 5 square kilometres. It has 12 parks covering nearly 10.7% of total area. The population of Harlaxton in 2011 was 2,689 people. By 2016 the population was 2,541 showing a population decline of 5.5% in the area during that time. The predominant age group in Harlaxton is 10-19 years. Households in Harlaxton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Harlaxton work in a labourer occupation. In 2011, 54% of the homes in Harlaxton were owner-occupied compared with 51.6% in 2016.

Harlaxton has 1,479 properties. Over the last 5 years, Houses in Harlaxton have seen a 77.61% increase in median value, while Units have seen a 111.79% increase. As at 31 October 2024:

  • The median value for Houses in Harlaxton is $537,152 while the median value for Units is $455,259.
  • Houses have a median rent of $450 while Units have a median rent of $390.
There are currently 16 properties listed for sale, and 6 properties listed for rent in Harlaxton on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Harlaxton.

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Dylan Ready
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