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40/337 Spring Street
Kearneys Spring QLD 4350

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 193m2
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Property Details for 40/337 Spring St, Kearneys Spring

40/337 Spring St, Kearneys Spring is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces. The property has a land size of 193m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom Townhouse sold in Kearneys Spring in the last 12 months.

Building Type
Townhouse
Land Size
193m2
Local Government
Toowoomba Regional
Lot/Plan
40/SP222433

Last Listing description (August 2024)

Having a trouble-free asset with a good return is the goal of every investor. Having that asset in a location where demand for accommodation is strong ensures vacancy is minimal and the income reflects the demand.

Investors need look no further! This 3-bedroom townhouse in the 'Willows on Spring' complex in Kearneys Spring represents that ideal investment. The property provides the astute buyer instant income, with an existing lease in place until December 2025. The lease includes a market review of the current rent in December 2024. The property is occupied by long-term tenants who have expressed a desire to continue leasing beyond the current term.

'Willows on Spring' is a gated complex of 45 townhouses that includes a 24hr on-site manager. Built in 2008, the community is ideally located close to the university (UniSQ), the large Toowoomba Plaza and The Ridge Shopping Centres, medical services, private schools and recreational facilities. The complex has been maintained to a high standard and offers a wonderful environment for occupiers to feel secure and comfortable.

40/337 Spring Street, Kearneys Spring at a glance:
* 3-bed, 2-bath, 1-car townhouse in gated complex
* Fully fenced courtyard directly off dining space
* Galley style kitchen with dishwasher and gas cooktop
* Reverse cycle air-conditioning to ground floor living space
* Main bathroom on 2nd storey includes shower-over-bath
* Short distance to UniSQ, Highlands Christian College
* Supermarkets, Kmart, specialty retailers and medical centre all nearby
* Next door to the popular dining experience - 'Kingfisher Café'
* Current Rental: $420 per week
* Rent Review: Market review in December 2024
* Lease Expiry: 19 December 2025
* Council Rates: $1103.57 and Water Access: $315.27 (net half year)
* Body Corp. Charges: Admin - $830.23 and Sinking Fund - $429.85 per quarter

Inspections are available by appointment only. Contact Damian Borger (0408 083808) of Zing Property to arrange a viewing.

Property History for 40/337 Spring St, Kearneys Spring, QLD 4350

A timeline of how this property has performed in the market
Last Sold
23 Aug 2024
  • 23 Aug 2024
    Sold for $425,000
  • 09 Aug 2024
    Listed for Sale Interest from $419,000
  • 20 Mar 2023
    Sold for $337,500
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About Kearneys Spring 4350

The size of Kearneys Spring is approximately 6.5 square kilometres. It has 22 parks covering nearly 15.1% of total area. The population of Kearneys Spring in 2011 was 7,347 people. By 2016 the population was 8,557 showing a population growth of 16.5% in the area during that time. The predominant age group in Kearneys Spring is 20-29 years. Households in Kearneys Spring are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kearneys Spring work in a professional occupation. In 2011, 51.6% of the homes in Kearneys Spring were owner-occupied compared with 49.1% in 2016.

Kearneys Spring has 4,744 properties. Over the last 5 years, Houses in Kearneys Spring have seen a 89.76% increase in median value, while Units have seen a 60.68% increase. As at 30 September 2024:

  • The median value for Houses in Kearneys Spring is $666,507 while the median value for Units is $420,478.
  • Houses have a median rent of $530 while Units have a median rent of $400.
There are currently 32 properties listed for sale, and 15 properties listed for rent in Kearneys spring on OnTheHouse. According to CoreLogic's data, 222 properties were sold in the past 12 months in Kearneys spring.

Suburb Insights for Kearneys Spring 4350

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Contact agent
Damian Borger
Show contact details
ZING PROPERTY
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.